Policy Timeline

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Keynesianism

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Neoliberalism

RIGHT

LEFT

Government nationalises major industries

Regulate price of goods

'Monetarism'

Government should play little/ no role in the economy # #

Not a do nothing policy

Regulation of private industry

Preventing monopolies

Lowering tax rates on new businesses

Altering interest rates

Born from Thatcher

Increase govt spending in times of economic down turn

Created in response to the 1930's Great Depression

The government should play a big part in the economy: providing employment. It is right to redistribute tax.

The government should not stop people from doing what they want: taking drugs, same sex relations. Human beings social freedom is more important than stability

LIBERALISM (FREE SOCIETY)

The running of the economy should be left to private companies . People should retain the money they own.

Maintaining law and order in society ( for example through a clear socioeconomic hierarchy) is more important than letting people do whatever they want

EXTREME: FASCISM

EXTREME: COMMUNISM

Laissez-faire / free market

State socialism/ state ownership and control

SOCIALISM (EQUALITY) # # #

Change is a good thing, and can be used to build a better world.

CONSERVATISM (TRADITIONAL SOCIETY)

Economically believe in free market

Social Freedom

Political freedom, believe in change

Tough social policy

Deep belief in Economic Freedom #

Belief in law and order over social freedom

State run economy, nationalisation.

Supporters of big political change in the name of equality

Socially free, let people do what they want.

MY POLITICAL BELIEFS

Let people do what they want.

Let the government maintain only the welfare and safety of people.

Strive for equality and fairness.

Collectivism

Socialists believe we should collectively own 'means of production' (factories and services) .
#

Marxists believe in no private property

Old labourites believe in a mix of public and private property

Foundational Equality

All people are born equal

Equality of Outcome

Distrusting of Capitalism #

Eg: Nationalisation #

Labour party made up of Trade Unions and socialist middle class

Classlessness # #

Cooperation over Competition.

AKA Egalitarianism

Thatcherism

absolute economic freedom

Believes in change though

Traditionalist

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