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democracy, capitalism, liberal government, neoliberalism, neoliberal…
democracy
When properly done, the market economy and democracy go along with one another. They both rest on the novel idea that people can’t be defined by ascribed inherited status.
market economy
In modern democracies, our economic system generates immense wealth for some individuals among whom immense of economic power is concentrated.
Power
democratic government
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Political power is diffused among the public, among the voters. Through election, political power is relatively concentrated in the government
an economic system where decisions regarding investment, production, and distribution to consumers are guided by pricing signals created by the forces of supply and demand
free market system
free market capitalism
prices for goods and services are set freely by the forces of supply and demand.
allow everyone to compete in order to provide the most desirable goods and services at the lowest prices
interventionalist form
welfare capitalism
a free market and the predominance of privately owned enterprises in the economy, but public provision of universal welfare services aimed at enhancing individual autonomy and maximizing equality
Laissez Faire
Laissez Faire capitalism
the most powerful corporations (not gov) want to control the market and prevent the majority from playing.
Share similarity in concentration of power, but different in the types of concentrated power
Monarchy
Monarchy is a political structure where political power is concentrated among the wealthiest, and political power is a means to preserve economic power.
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capitalism
Democracy intrinsically stops monopolies.
Capitalism needs to eliminate monopolies to secure competition.
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in capitalist systems, economic activities( investment, distribution, income and prices) are determined by markets, whether regulated or unregulated.
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Capitalism is an economic system where the means of production are largely or entirely privately owned and operated for a profit
liberal government
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believes in minimal government, activity is restricted to providing public goods and services and safeguarding private ownership
liberalism
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Liberalism is based on the political and moral philosophy that ensuring the right of an individual person to life, liberty and property is the highest goal of government
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neoliberalism
market-oriented reform policies that reduce state intervention on, regulation and control of market
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