U1 P2 Flashcards
(24 cards)
Class view: Capitalists (Marxists View)
Marxism does not believe in capitalism and works towards ending it
power elite view:
- a wealthy few outside government
- rich people in control
bureaucratic view
•appointed (unelected) gov. officials
•the people that work for the government (IRS, FBI, etc.) are in charge. This is because they can’t be fired the way the President has a term
that ends
pluralistic view
many competing parties, none dominant
Capitalism
Capitalism
A) private ownership
B) free market
C) Primary source: Adam Smith’s The Wealth of Nations
D) “laissez-faire” (gov. stays out of economy in favor of “the invisible hand”)
Socialism
opposite of capitalism
A) government ownership
B) market regulated and controlled by the state
C) Primary source: Karl Marx & Friedrich Engels’ Das Kapital
D) Nationalization (government ownership of major industries)
Example of government ownership
with capitalism, if you can’t pay your electric bill you will be cut off. You will freeze to death (horrible things we do to each other- Hobbes.) With socialism, government will cover the cost and you wont have to worry about payment.
market regulated and controlled by state
government can’t trust you to make good decisions, so they will regulate
things
Primary Source of Socialism
Karl Marx & Friedrich Engels’ Das Kapital
nationalization - socialism
government ownership of major industries
government ownership
government is going to have ownership of many things (hospitals, airlines, lawyers and doctors will for them, etc.) because people are horrible and can’t be trusted (Hobbes)
example of market regulated and controlled by state
government can’t trust you with menthol, will make vaping age higher
private ownership
belongs to a person
free market
- ability to sell personal property
- you’re free to sell as well as you’re free to not buy
Adam Smith’s: The Wealth of Nations
- For capitalism
- Term “laissez-faire” (hands off)
“Laissez-faire”
gov. stays out of economy in favor of “the invisible hand”
Conservative (“Right Wing”) Social Issues
-Favor traditional viewpoints (e.g., anti-abortion)
•family, religion, capitalism
Conservative (“Right Wing”) Economic Issues
Economic issues: favor smaller gov.; more “laissez-faire” (e.g., anti-taxes)
•believe family and religion will be able to take charge so a larger
government will not need to make many decisions
Liberal (“Left Wing”) Social Issues
-favor modern, “progressive” viewpoints (e.g., pro-gay rights)
•systemic racism: country was built on excluding other races
Liberal (“Left Wing”) Economic Issues
Economic issues: favor larger gov.; less “laissez-faire” (e.g., pro-
government regulation)
•less family, less free enterprise, and less religion makes room for
larger government
Libertarian Social Issues
favor no government role at all (e.g., legalize drugs)
•example: liberal wants to legalize marijuana and while libertarians
agree, they will also want to legalize heroin, meth, crack, etc.
Libertarian Economic Issues
favor much smaller gov.; very
“laissez-faire” (e.g., no taxes)
•government has almost no role and people don’t have a role with each
other
Populist Social Issues
favor traditional viewpoints (e.g., pro-school prayer)
•Similar to conservatives in this aspect
Populist Economic Issues
favor larger government; less ‘ “laissez-faire”
•big government will give us the big values (religion, traditional views)
•different from conservatives here
