The economy - Inequality/capitalism vs ideological/paternalism/hierarchy Flashcards
(18 cards)
Why do conservatives believe in a capatilist system?
Most practical and efficient economic system as hystorically it is proven to generate wealth and improve living standards.
Why do conservatives believe the free market is organic?
Individuals naturally treat each other opposing a designed society
Why do conservatives support property rights?
Property rights are the cornerstone of a stable society because ownership encourages responsibility and discourages social support which upturns social order
Why was Burke wary of unregulated economic liberalism?
Leads to unfettered accumulation of wealth undermining communal bonds, integral to upholding social order leading to support some state intervention such as protectionism
Why may the different T and ONC views on the economy not be as significant?
TC was articulated prior to the economic inequalities of industrialisation. Given changed context, changing to conserve may have led to them supporting similar policies
Does ONC support capitalism?
Yes due to pragmatism and respet for tradition but believes in greater paternalism to ensure welfare of all mebers in society.
Why was ONC support for paternalism in economy pragmatic?
Widening economic inequality, change was necessary to conserve the hierarchial stable nature of society and prevent a socialist revolution
What did Disraelis government do?
Enact social reforms to improve living conditions for the working class
What were neoliberals driven by?
Libertarianism resulting in them advocating minimal state interfention and laissez faire capitalism.
How does laissez faire capitalism enable freedom?
Limited taxation, low public spending and little regulation so individuals were free to act how they wanted
According to neoliberals what should the states role be limited to in economic affairs?
Protecting individuals from force, therft, fraud, enforcing contracts rather than restriuting wealth or managing the economy
What did Nozick say to support minimal state?
‘Minimal state is the most extensive state that can be justified’
It is the most efficient and moral system as it didn;t interfere with individuals’ free choice
What was nozicks justification for libertarianism?
Kant’s principle that individuals are not a means to an end, but as ends in themselves
What did nozick argue is the core obligation of society?
‘Anarchy, State and utopia’ - Respecting individual rights is the core obligation of society and actions that coerce individuals to serve collectiv e purposes violate this principle
What did Nozick believe about taxation?
‘Taxation of earnings from labor is on a par with forced labor’
Why did neoliberals support property rights?
It is a fundamental rights that promots self-reliance as people are inclined to take of their property and make us of it, increasing growth.
Why did Neoliberals believe property rights led to freedom?
Individuals were more likely to be autonomous and resist state expansion which threatened freedom.
What neoliberals believe the economy was as opposed to a hierarchy?
Meritocracy as people are rewarded for their talents and efforts
