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Policy Timeline (Keynesianism (Government nationalises major industries,…

- - - - Neoliberalism
        
        '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
      - Thatcherism
        
        absolute economic freedom
        
        Believes in change though
        
        Traditionalist
      - CONSERVATISM (TRADITIONAL SOCIETY)
        
        Tough social policy
        
        Deep belief in Economic Freedom #
        
        Belief in law and order over social freedom
      - RIGHT
        
        The running of the economy should be left to private companies . People should retain the money they own.
        
        EXTREME: FASCISM
        
        Laissez-faire / free market
- - - - SOCIALISM (EQUALITY) # # #
        
        State run economy, nationalisation.
        
        Supporters of big political change in the name of equality
        
        Socially free, let people do what they want.
        
        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
        
        Eg: Nationalisation #
        
        Foundational Equality
        
        All people are born equal
        
        Equality of Outcome
        
        AKA Egalitarianism
        
        Distrusting of Capitalism #
        
        Labour party made up of Trade Unions and socialist middle class
        
        Classlessness # #
        
        Cooperation over Competition.
        
        LEFT
        
        The government should play a big part in the economy: providing employment. It is right to redistribute tax.
        
        EXTREME: COMMUNISM
        
        State socialism/ state ownership and control
        
        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.