Single Idea 23165

[catalogued under 24. Political Theory / D. Ideologies / 8. Socialism]

Full Idea

Economic justice is held by Socialists (rightly, in my opinion) to involve state ownership of key industries and considerable regulation of foreign trade.

Gist of Idea

Socialists say economic justice needs some state control of industries, and of foreign trade

Source

Bertrand Russell (Authority and the Individual [1949], 5)

Book Reference

Russell,Bertrand: 'Authority and the Individual' [Unwin 1977], p.70


A Reaction

This must be to obtain greater control over the profits of industry, and also to prevent trade become too exploitative of weaker foreign nations. Britain had a socialist government when this book was written.