State-Managed Capitalism and Mixed Economy(Anthony Crosland) (Edexcel A-Level Politics): Flashcards
📚Flashcards
Practise the cards
13 cards from this deck
ShowHide
Practise the cards
13 cards from this deck
Keynesian economics definition
Keynesian economics definition
Govt actively manages economy (spending & interest rates) to stabilize growth & reduce unemployment
State-managed capitalism definition
State-managed capitalism definition
Govt intervenes in capitalism for stability, fairness & welfare; keeps private ownership
Crosland's view on Marxist collapse theory
Crosland's view on Marxist collapse theory
Rejected it - capitalism could be reformed, not doomed to collapse
Core socialist objectives per Crosland (3)
Core socialist objectives per Crosland (3)
Equality, social justice, and community
Mixed economy definition (Crosland)
Mixed economy definition (Crosland)
Partnership between public and private sectors
Key industries state should control (Crosland)
Key industries state should control (Crosland)
Healthcare, education, and transportation
Crosland's stance on widespread nationalisation
Crosland's stance on widespread nationalisation
Did NOT advocate for it
Full employment's role for Crosland
Full employment's role for Crosland
Cornerstone of state-managed capitalism & social justice
Welfare state purpose (Crosland)
Welfare state purpose (Crosland)
Practical implementation of socialist principles in capitalism
Universal social benefits examples (4)
Universal social benefits examples (4)
Healthcare, education, housing, income support
Tool to fund social programmes (Crosland)
Tool to fund social programmes (Crosland)
Progressive taxation
Crosland's influence on Third Way
Crosland's influence on Third Way
Laid the intellectual foundation for it
When Third Way emerged and under whom
When Third Way emerged and under whom
1990s under Tony Blair's Labour leadership