Political/Economic Spectrum Flashcards
Capitalism
- Private Ownership of Capital
- Freedom of Competition
- Unequal Distribution of Resources
Socialism
- Redistribution of resources
- Government ownership of industry
- Classless Society
Communism
Classless Society= No Government needed
Never been successfully achieved
Political/ Economic Grid
Top= Democratic Bottom= Dictatorial Left= Socialism Right= Capitalism
Democratic Socialism
Sweden
Democratic Capitalism
USA
Dictatorial Capitalism
Nazi Germany
Dictatorial Socialism
USSR under Stalin
Economic Spectrum
Left= socialism (extreme left, left wing)
= collectivism, economic equality, public ownership
= centrally planned economy
Right= capitalism (extreme right, right wing)
= individualism, equality of opportunity, private ownership
=laissez-faire (hands off) capitalism
Centre= welfare capitalism
Political Spectrum
Left= dictatorship (radical, social change)
= communism, socialism
Centre= democracy
= liberalism
Right= dictatorship (reactionary, status quo)
= facism, conservatism
Conservatives:
Right wing
Liberals:
In between right wing and centre
NDP:
In between left wing and centre
Greens:
Just left of left wing
Sask Party:
Just left of conservatives
