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11 Cards in this Set
- Front
- Back
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Economic System |
Organization through which goods and services are produced, distributed and exchanged |
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Enterprise Capitalism |
Used by UK and US, "pure capitalism", self regulating, encourage foreign investment,produces social inequality |
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Social Capitalism |
Attempt to blend free market Capitalism with social cohesion, works with banks, funded welfare provision, weakens the markets ability to respond to social conditions, strained because expenditure, drawbacks are capitalist |
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Collective Capitalism |
Markets drive through relational markets, people brought together by link in economy, government control of market, puts demand on worker and family, duty above individual |
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Monetarism |
Economy should be left alone |
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Keynesianism |
Pro government intervention, increase in public spending and tax cuts |
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State Socialism |
USSR loves this, state collectivization, all economic planning through government, one party system, eradicate homeless, unemployment, not efficient |
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Market Socialism |
Reconcile socialism with market competition, modern view of socialism, success of private businesses, partial motivation in capitalist ideas, |
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Facist Corporatism |
Business and labour combine as a whole, Mussolini's Italy prove this doesn't work |
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Keynesians Social Democracy |
Tried to combine capitalism and socialism, wealth in private hands with welfare state |
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Environmentalism |
Capitalism and Socialism have bad priorities focusing on super ideologist concepts, stop exploiting nature for material interest, reframe priorities for long term stability |
