Politics Flashcards
What is capitalism
An economic system that believes in individual ownership and competition
What is the capitalism theory
When everyone is selfish it will benefit all
Why is capitalism good
Freedom and choice
Do whatever
You can be very successful
Why is capitalism bad
No safety net
You can be very unsuccessful
Big gap between rich and poor
What is communism
An economic system that believes in shared ownership
What is the communism theory
Everyone pools their resources and labour to evenly distribute everything
What are the points of the communist manifesto
Abolition of poverty Heavy progressive taxes Abolition of inheritance Confiscation from rebels Central banking State controlled comms, education and transport
What is democracy
Government by the people where everyone has their say and all members have equal power in their right to vote
Where can democracy be traced back to
6th century Athens
What is dictatorship
The opposite of democracy. An autocratic for of government where the government is ruled by and individual
What is the DMZ
A demilitarised zone
What is a government
A group of people that governs a community or country
What does a government do
They set up constitution, laws, parliment, party, rules
What is a republic
It is like a monarchy where someone has supreme power but the person is elected
What is a monarchy
Supreme power is passed down by bloodline