Terms of the Day for November 2

• Proletariat – a term used to identify the working class in capitalist systems.  Members of this class do not have ownership of the means of production and therefore sell their labor to those who do.
• Capitalism –  an economic system that is based on private ownership of the means of production and the creation of goods or services for profit. Other central elements include competitive markets, wage labor and capital accumulation.
• Communism –  established by Karl Marx, a revolutionary socialist movement to create a classless, moneyless, and stateless social order structured upon common ownership of the means of production. The movement claims that since the world has a superabundance of material wealth, societies can allow distribution based on need and social relations  based on freely associated individuals.
• Négritude –  a literary and ideological movement, based in Marxism, developed by francophone black intellectuals, writers, and politicians in France in the 1930s that found solidarity in a common black identity as a rejection of French colonial racism. They believed that the shared black heritage of members of the African diaspora could stand against French domination.