Political Ideologies Flashcards
Socialism
Origin
Started in greece
Definition of socialism.
Herbert blend: to do the welfare of all individuals equally by distributing the collective ownership of all means of production.
Basic principles of socialism
Justified distribution of wealth
Strong central govt
Ending personal property.
Equal chances of progress to every sector.
Promotion of self respect
Fascism
Word derived from from force. Party of poor and strong to prevent communism.
Principles of fascism
Practical moves
State as supreme institute
Absolutism
Control economy,
State has a right to interfere in economic affairs.
National integration
Opposite to democracy
Demirts of fascism
Territorial aggrandaisment ( imperialism)
Sense of superiority
Violence
Deprivation of rights
Opposite to democracy
Irregular system
Capitalism
An economic system in which trade industries are privately owned. Merriam Webster
Features of capitalism
Wage labour
Private ownership
Large scale production
Profit as a key motive.
Pros of capitalism
Health, social good, economic growth, equality.
Cons of capitalism
Waste, starvation, danger, pollution.