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Ideologies - Coggle Diagram
Ideologies
Communism
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Under capitalism, prosperity will be held by few, for their own benefit.
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Neoliberalism
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Idea that a high degree of freedom will produce the greatest amount of general prosperity for the majority
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State has limited role in the economy; favours free markets and individualism, deregulation, free trade, privatization
Socialism
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At same time, maintains emphasis on economic equality
Strong state needed to ensure high degree of equality through policies like job protection, medical care, retirement, higher education
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