diff --git a/glossary_of_socialist_terms.md b/glossary_of_socialist_terms.md index 67ffe54..209943f 100644 --- a/glossary_of_socialist_terms.md +++ b/glossary_of_socialist_terms.md @@ -18,10 +18,10 @@ Notes: | [Welfare State](https://en.wikipedia.org/wiki/Welfare_state) | A state that provides social services on behalf of the well-being of its citizens, while retaining capitalism. It often refers to Germany, the UK, and the Nordic countries, but can refer to any state with social services. | | [State Capitalism](https://en.wikipedia.org/wiki/State_capitalism) | An economic system where some means of production are owned by the state, surplus labor is still extracted, and capitalists still hold state power. The state decides how to distribute the surplus. Engels argued that the state form would be the final stage of capitalism. State Capitalism could also refer to a capitalist class controlling, or rising above, political power and decision-making. | | [State Socialism](https://en.wikipedia.org/wiki/Communist_state) | A state governed or administered by a single party, with wide participation, integrating various state-sponsored organizations, such as labor unions, trade unions, youth organizations, women's organizations, associations of teachers, writers, consumer cooperatives, and housing cooperatives. All land and productive facilities are controlled by the party. The party may allow limited private ownership, often offering leases in specialized zones, but will not allow a capitalist class to rise above the level of state power or decision-making, as in multi-party bourgeois democracies. | -| [Liberalism](https://en.wikipedia.org/wiki/Liberalism) | A political ideology that emerged in the 19th century that justifies capitalism, free markets, representative democracy, freedom of the press, free speech, freedom of religion, and freedom to own property. It views rights as individual, rather than collective.. | +| [Liberalism](https://en.wikipedia.org/wiki/Liberalism) | A political ideology that emerged in the 19th century that justifies capitalism, free markets, representative democracy, freedom of the press, free speech, freedom of religion, and freedom to own property. It views rights as individual, rather than collective. | | [Slavery](https://en.wikipedia.org/wiki/Slavery) | A system that allows individuals to own other human beings, in order to extract a surplus from their labor. | | [Feudalism](https://en.wikipedia.org/wiki/Feudalism) | An arrangement predominating in the middle ages, where a local lord would allow serfs to live and sustain themselves on his land, as long as they provided him labor and military support. | -| [Fascism](https://en.wikipedia.org/wiki/Fascism) | A multi-definition term generally characterized by hyper-nationalism, racial supremacy, a cult of personality around a "strong" leader as superior to democracy, crushing of labor unions and organizations, and an alliance between big and small capitalists. | +| [Fascism](https://en.wikipedia.org/wiki/Fascism) | A multi-definition term generally characterized by hyper-nationalism and rejuvenation, racial supremacy, a cult of personality around a "strong" leader as superior to democracy, crushing of labor unions and organizations, colonialism, and an alliance between big and small capitalists. | | [Late Stage Capitalism](https://en.wikipedia.org/wiki/Late_capitalism) | As human labor becomes more unecessary, the rate of profit tends to fall. This new extreme polarization, the increasingly absurd and cruel ways our society copes and justifies such stark inequality, and the horrible things capitalism forces people to do to survive, is called Late Stage Capitalism. | | [Means of Production](https://en.wikipedia.org/wiki/Means_of_production) | Physical, non-human inputs used for the production of economic value, such as workplaces, factories, machinery, or tools. Synonymous with Capital. | | [Private Property](https://en.wikipedia.org/wiki/Private_property) | Means of production, when owned by private individuals, whose ownership is claimed through title, and **not use**, with the aim of extracting rent from the actual users or workers. Synonymous with absentee property. |