Individualism & Collectivism (Ch. 2) Flashcards
Define:
Individualism
- A possible foundation of ideology (particularly foundational in liberalism, and Western democracy)
- Emphasis on wellbeing and self-interest of the individual
- Values freedom and worth of the individual, sometimes over the security & harmony of the group
- Ideologies based on individualism and stress ideas of personal autonomy and self reliance
Define:
Personal Autonomy
A state of individual freedom from outside authority
Define:
Self-Reliance
The quality of being solely responsibly for one’s own well-being
Define:
Collectivism
- Emphasis on wellbeing of the group
- Values the goals of the group and the common good over the goals of any one individual
- Collectivism focuses on community and society, and stresses ideas of interdependence
Define:
Interdependance
The dependence of two or more people or things on each other
Fill in the blank:
Individualism is one possible foundation of ideology and is a foundation in particular of ____________
Individualism is one possible foundation of ideology and is a foundation in particular of liberalism
What is the prevailing ideology in Western democracy?
Liberalism
What are the 7 principles of individualism?
- Rule of law
- Individual rights and freedoms
- Private property
- Economic freedom
- Self-interest
- Competition
Define:
Rule of Law
(as a principle of indivdualism)
- Every individual is subject to the law, and equal before the law
- Citizens are subject to clearly defined rules
- No one, no matter how important or powerful is above the law
Ex. when Italian Prime Minister Silvio Berlusconi tried to use Italian immunity laws to avoid bribery charges, he was accused of trying to place himself above the law
Define:
Individual Rights and Freedoms
(as a principle of indivdualism)
- A key principle of individualism and of liberal democracies
- These rights and freedoms may include (but are not limited to), freedom of religion, freedom of association, the right to life, liberty, and security, and the right to vote
Ex. after the American and French revolutions, the right to vote was granted only to some men, mainly property owners
Define:
Private Property
(as a principle of indivdualism)
- Modern understandings of property law were developed during the Enlightenment, but at the time, these laws only applied to land
- They have now been adapted to apply to 3 different types of property: real estate, physical possessions, and intellectual property
- However, the notion of private property is only one way of looking at land and property; some cultures believe a person’s land reflects their interrelationship with nature, and others believe land cannot be owned
Ex. The ongoing dispute over land and resource management between Barrier Lake Algonquin First Nations, and the Federal Government
Define:
Economic Freedom
(as a principle of individualism)
- On a personal level, economic freedom is the freedom to buy what you wish and sell your labour or product to whomever you wish
- Economic freedom for free-market entrepreneurs would mean that there are no barriers to trade for products they might want to export, and their customers would not have to pay taxes (free market: a market in which consumers and businesses have free choice to buy, sell, or trade)
- The Wall Street Journal rates economic freedom according to the following factors: business freedom, trade freedom, fiscal (tax) freedom, degree of government regulation, monetary fund, investment fund, financial freedom, property rights, freedom from corruption, and labour freedom
Ex. After the Great Depression, Canada implemented policies designed to create a “social safety net” for Canadians, transforming Canada into a welfare state (a state in which the economy is capitalist, but the government uses policies that directly or indirectly modify market forces to ensure economic stability and a basic standard of living for its citizens
Define:
Self-Interest
(as a principle of individualism)
- The assumption that people generally act in their own self-interest (one’s personal interest or advantage, especially when pursued without a regard for others)
- Idea was first promoted by Adam Smith (18th century Scottish philosopher, and economist) who saw self-interest as an “invisible hand” that guides individuals to contribute for the common good of everyone (essentially, both the buyers’ self-interest and the sellers’ self-interest, work together to benefit the other)
Ex. Individual entrepreneurs who serve the common good through honestly and reliability may also serve their own self-interest by winning more customers
Define:
Competition
(as a principle of individualism)
- The forces of supply and demand in the marketplace work to the benefit of the majority
- Stems from economic freedom; each individual’s buyer’s desire to find the best quality product at the lowest price ensures that sellers compete among themselves to provide a variety of products at the lowest prices
- This notion can also be applied to labour… like any other commodity, if there is an over supply of labour, wages will fall, and workers will look for employment in a sector of the economy which is in a labour shortage (decreasing demand), and vice-versa
high supply → low demand, price drop, and eventually supply drops as well
low supply → high demand, price raise, and eventually a raise in supply
Fill in the blank:
The principles of collectivism are the foundation of ideologies such as ________________ and ________________.
The principles of collectivism are the foundation of ideologies such as communism and socialism.