Chapter 11 Flashcards

1
Q

Capitalism

A

Economic system in which resources and producing goods and services are privately owned

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2
Q

Adam Smith

A

Economist believed people are guided by their self interest economy produces the greatest good for the greatest number of people

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3
Q

Free market environment

A

Producers compete with each other to sell goods and services consumers compete to buy

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4
Q

Government

A

Formal organization that directs political life of society

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5
Q

Problems with capitalism

A

Companies replace workers with machines that are more cheap generates a high level of economic inequality

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6
Q

Socialism

A

Economic system in which natural resources and means of producing goods and services are collectively owned Collective desire to serve the common good and not ourselves

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7
Q

Socialist model Karl Marx

A

Capitalisms private ownership of productive property creates unequal social classes Replace private goals with social goals big government

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8
Q

Problems with socialist model

A

A low standard of living highly regimented government Limiting individual freedoms to speak and move freely

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9
Q

State capitalism

A

Government working closely with large and privately owned

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10
Q

Welfare capitalism

A

Government provides extensive welfare programs funded by high taxes

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11
Q

Political left, middle, political right

A

The more left free market is a problem

The more right free market is the solution

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12
Q

Mixed System is known as a state capitalism

A

Involves government working closely with large privately owned companies

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13
Q

Political economy

A

The closely linked economic and political life of a nation or world region

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14
Q

Peter Berger Political sociologist

A

Examined the political consequences of capitalism limited government of a capitalist society provide people with the right to vote but extends freedom

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15
Q

Socialism political views Karl Marx

A

Capitalism actually reduces personal security at least for most people

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16
Q

Democracy

A

Powers exercised by the people as a whole

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17
Q

Authoritarianism

A

The opposite of democracy a system that denies popular participation in government power Iran is an example

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18
Q

Monarchy

A

Another example of authoritarian nation system in which of single family rules from generation to generation

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19
Q

Corporations

A

Business that is separate And distinct from its owners think of an island. Business with legal entity with legal existence Including rights and liabilities separate from that of their members

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20
Q

How does the government partner with companies corporations

A

Corporations are governments biggest customers corporations expect favors from government because they attract business and jobs

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21
Q

Monopoly

A

Domination of an entire market by a single company

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22
Q

Oligopoly

A

Domination of a market by a few companies

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23
Q

Difference between monopoly and oligopoly

A

Monopoly is domination by a single company oligopoly is domination by more than one company

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24
Q

Conglomerates

A

A giant corporation composed of many smaller For example PepsiCo owns sodas Quaker Oaks Starbucks various food brands

25
Q

Interlocking Directorate

A

Social networks made up of people who service directors of several corporations at the same time
Or director of one company might serve on the board of another corporation

26
Q

Conglomerates and interlocking directorates encourage what

A

Oligopoly and illegal activities such as price-fixing and sharing information

27
Q

Special interest groups

A

Political alliances of people interested in some economic or social issue such as AARP Old people and NRA

28
Q

Lobbying

A

People who represent companies to the government Efforts of special interest groups and the representatives to influence government officials

29
Q

Campaign contributions

A

Corporations provide the largest labor unions civil rights groups women’s organizations and political parties raise money for candidates

30
Q

Political action committees Or PAC

A

Organizations formed by special interest groups to raise and spend money in support of political goals

31
Q

Bipartisan campaign reform act McCain Feingold Bill

A

When did the flow of stuff money to candidates are political parties

32
Q

Citizens united versus federal election commission 2010

A

Government cannot impose limits on financial contributions made by labor unions corporations and organizations are individuals

33
Q

McCutcheon versus federal election committee 2014

A

Abolish limits on the amount of money that any individual can contribute to candidates in a national election

34
Q

Voter apathy

A

Lack of interest in voters

35
Q

Indifference

A

Conservative beliefs for failure to vote

36
Q

Alienation

A

Isolated from politics. Liberals and radicals believe thatPeople being dissatisfied with the way things are but doubt that voting will make a difference

37
Q

Who votes

A

Hi income older depends on when rights were established white people women 10 towards Democrats men lean towards Republicans

38
Q

Gender gap

A

Women and men whole different opinions about certain issues and support different candidates

39
Q

Convicted felons voting

A

Don’t have the right to vote People who don’t play by the rules do not deserve to wrote vote critics say felons include a higher proportion of low income people and minorities

40
Q

Social movements

A

Powerful political force in the US resulting in changes in law and public attitudes

41
Q

Economic system structural functional theory

A

Use system as complex institution that operates to distribute goods and services to entire population

42
Q

Robert dahl

A

Pluralist model

43
Q

Pluralist model

A

Seize power widely distributed among various groups and organizations in society
Organizations compete AthletiCo marketplace to win support from people

44
Q

Pluralist model views

A

Society as an arena in which organization to fillet a very segments of the population competition between businesses improves economy

45
Q

Nelson polsby

A

Investigated political decision-making confirm the power is widely distributed among organizations

46
Q

Economy and politics structural functional theory How is power spread throughout society

A

Seize power as spread throughout society
Dahl Pluralist theory many organizations operate as a veto groups to compete for support so that everyone has political voice

47
Q

Economy and politics structural functional is US society democratic

A

Pluralist model no one organization gets its way all the time powers disperse widely enough in our society can claim to be democratic

48
Q

Economic Politics social conflict theory how is powered spread throughout US society

A

Power elite model developed by C Wright mills are societies run by power elite made up of leaders and government and economy alliances control political life of the nation Karl Marx theory of capitalism

49
Q

Economy and politics social conflict theory Is US society democrat

A

Power elite model set an hour how is concentrated with a small circle of families that make up the power elite Marx is political economy model power will always be highly concentrated as long as the US is a capitalist economy

50
Q

Military industrial complex

A

Close association of federal government military and Defense industries

51
Q

Power elite model

A

See’s power is concentrated among members of the small elite group C Wright mills

52
Q

C weight mills

A

Father of power elite model

53
Q

Marxist political economy model

A

Sees the concentration of wealth and power in society as resulting from capitalism

54
Q

Political values and believes far right

A

Make America great again The United States is great country immigrants legal and illegally for in the country with lots of traditional heritage

55
Q

Conservative political view

A

Right in the center main stream importance of personal freedom and limited government competition is good for society and safer a free market

56
Q

Liberals political view

A

Want market regulated by the government economy creates too much wealth in the hands of the few support a welfare state

57
Q

Welfare state

A

Range of government policies and programs that give wealth from the rich to the poor and provide benefits to needy members of society

58
Q

Progressive taxation

A

It raises the tax rate on as income goes up to pay for programs that benefit people with lower incomes
Taxes Government regulates the economy and political system

59
Q

Radical left Political views

A

Polish capital market system it is the problem because it impoverishes a majority of the people and puts power in the few instead of the money