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Lecture #4 Marxist Politics

Policy@McCombs

CHAPTER

Socialism and the Corresponding Political Structure

socialism is an economic system in which the means of production are owned and controlled by the state. Each individual works for the state and receives and returns a money wage, a money wage. The corresponding political structure, we call the dictatorship of the proletariat. Marx tells us that under socialism, although there is a collectivistic ownership of the means ofProduction, still in the exchange of consumer commodities, the principles of bourgeois rights prevail.

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