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
Aristocracy
Is power among the upper class
What is theocracy
A government ruled by religion and its hierarchy
What is an mmp
Mixed member proportional it is the system we use to elect the parliament
How many mp’s are there in parliment
120
How many electorates
70
What are the requirements to be in parliment
5% for a party or an electorate for an mp
What are the two votes for
1st - political party
2nd - mp (electorate)
What is an FPP, how many members and how many electorates
First-past-the-post. It is where only one mp for an electorate that gets elected into parliament. It worked on absolute majority. There are 120 members and 120 electorates
What is a minister
Someone that leads a ministry/department eg. Finance minister
What is an mp
A Member of Parliament
What is a coalition
Multiple parties, typically with the same views
