Capitalist Basics
Tools, resources, and infrastructure needed to produce goods and services
The means of production
Core value that most fundamentally separates socialism from both liberalism and conservatism
Equality
Fundamental difference between communism and social democracy
Whether or not capitalism needs to be abolished
Right now, private developers only build housing when they expect this
Rising rent/rising profits
Under capitalism, society is divided into two classes. What are they called?
Owners and workers, buourgeoisie and proletariat, white and blue collar, etc.
Under capitalism, workers are cut off from the outcomes of their labor, the work process, and other workers
Alienation
A blend of public and private ownership
Mixed economy
Bernie uses this word to describe the wealthy elite class that Zohran's campaign is fighting against
Oligarchs
This economist argued that capitalism can be saved by government deficit spending during downturns and government saving turn good times
John Maynard Keynes
Workers always produce more value than they are paid
Surplus value
Instead of the classless, stateless society Marx predicted, the Bolshevik revolution produced this type of government.
One-party authoritarian state, dictatorship of the proletariat
NYC cannot raise most taxes without permission from this level of government
The state of New York
The term for the idea that improving your own skills and education makes you more valuable in the market or capitalism's incentive to invest in yourself.
Human capital
Marx's theory that material and economic conditions structure law, politics, and culture
Historical materialism
According to the AI Socialism article, the harms of AI (addictive design, energy use, job disruption) stem from this, not from 'spooky' AI itself.
Capitalism
Two things the mayor of New York City can do without approval from the state of New York.
Zoning decisions, regulate wages and working conditions, make buses free, change how city streets are used, congestion pricing (maybe).
The idea that people pursuing their own self-interests will end up benefiting society
The invisible hand
Marx's stages of history, in order
Primitive Communism, Slavery, Feudalism, Capitalism, Socialism/Social democracy, Communism
According to Eskow's article, AI large language models can't ethically be privately owned because they were built from this.
Everyone's online data/collective human activity
Bernie Sanders says he is qualified to speak about Mamdani's election because he held this position for eight years
Mayor of Burlington, Vermont