What is in a name? Some may argue with the use of the word ‘socialism’ to describe the ideas and policies adopted in the past chapters. From one perspective, there is little here of true socialism, with the notions presented here lacking many of its essential requisites: the abolition of private property — nationalisation or cooperative ownership of the means of production; a central plan for the coordination of economic activities; the elimination of money, finance and financial instruments as key allocative and distributive mechanisms in the economy.
KeywordsPoor Country Rich Country Full Employment Socialist Optimism Economic Security
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