Buy custom critically assess the political philosophy of socialism and its evolution within the british labour party during the interwar period, 1919-1939
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History
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Number of pages / Number of words: |
8 / 2183 |
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Industry only has the task of producing a quota and cannot go out of business as they are government funded; meaning no incentive to produce goods to a high standard or keep costs down. This gives berth to inefficiency. Employment is often secure in a communist country as policies towards international trade and foreign competition are minimal as governments seek self-sufficiency...
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If an employee is comfortable, he/she is usually lazy; this too leads to a counter-productive output. As communist countries pursue self-sufficiency, they do not benefit from new technology products innovated abroad meaning economic growth is stunted and lags behind that of a capitalist competitor. The collapse of soviet Russia in the mid 1990's was the most recent, major political economic reform...
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