Concepts of Power
Concepts of Power
MODERN
• Social Democracy
• Third-Way
MARXISM
• The most influential representative of this brand
of socialism was Karl Marx.
• Marx believed that he had developed a new
brand of socialism that was scientific, in the
sense that it was concerned primarily with
disclosing the nature of social and
historical development rather than with
advancing an essentially ethical critique of
capitalism.
SOCIAL DEMOCRACY
• Social democracy stands for a balance between
the market and the state, a balance between the
individual and the community.
• At the heart of social democracy, there is a
compromise between, on the one hand, an
acceptance of capitalism as the only reliable
mechanism for generating wealth and, on the
other, a desire to distribute wealth in accordance
with moral, rather than market, principles.
THIRD-WAY
• The belief that socialism, at least in the form of ‘top-
down’ state intervention, is dead. With this goes a
general acceptance of globalization and the belief
that capitalism has mutated into a ‘knowledge-
economy’, which places a premium on information
technology, individual skills and both labor and
business flexibility.
• that (by contrast with neoliberalism) government is
recognized as having a vital economic and social
role.
THIRD-WAY
• that it has broken with socialist egalitarianism and
embraces instead the liberal ideas of equality of
opportunity and meritocracy.