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Economic Intervention
Economic interventionism, sometimes also called state interventionism, is an economic policy position favouring government intervention in the market process with the intention of correcting market failures and promoting the general welfare of the people. An economic intervention is an action taken by a government or international institution in a market economy in an effort to impact the economy beyond the basic regulation of fraud, enforcement of contracts, and provision of public goods and services. Economic intervention can be aimed at a variety of political or economic objectives, such as promoting economic growth, increasing employment, raising wages, raising or reducing prices, promoting income equality, managing the money supply and interest rates, increasing profits, or addressing market failures. The term ''intervention'' is typically used by advocates of ''laissez-faire'' and free market capitalism, and assumes that, on a philosophical level, the state and economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Policy
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates. Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties. Types of economic policy Almost every aspect of government has an important economic component. A few examples of the kinds of economic policies that exist include: *Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that does not result in excessive inflatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberalism
Liberalism is a political and moral philosophy based on the rights of the individual, liberty, consent of the governed, political equality and equality before the law."political rationalism, hostility to autocracy, cultural distaste for conservatism and for tradition in general, tolerance, and ... individualism". John Dunn. ''Western Political Theory in the Face of the Future'' (1993). Cambridge University Press. . Liberals espouse various views depending on their understanding of these principles. However, they generally support private property, market economies, individual rights (including civil rights and human rights), liberal democracy, secularism, rule of law, economic and political freedom, freedom of speech, freedom of the press, freedom of assembly, and freedom of religion. Liberalism is frequently cited as the dominant ideology of modern times.Wolfe, p. 23.Adams, p. 11. Liberalism became a distinct movement in the Age of Enlightenment, gaining popularity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare State
A welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life. There is substantial variability in the form and trajectory of the welfare state across countries and regions. All welfare states entail some degree of private-public partnerships wherein the administration and delivery of at least some welfare programmes occurs through private entities. Welfare state services are also provided at varying territorial levels of government. Early features of the welfare state, such as public pensions and social insurance, developed from the 1880s onwards in industrializing Western countries. World War I, the Great Depression, and World War II have been characterized as impo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, Property rights (economics), property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in Capital market, capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''Laissez-faire capitalism, laissez-faire'' or free-market capitalism, anarcho-capitalism, state capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marxists
Marxism is a left-wing to far-left method of socioeconomic analysis that uses a materialist interpretation of historical development, better known as historical materialism, to understand class relations and social conflict and a dialectical perspective to view social transformation. It originates from the works of 19th-century German philosophers Karl Marx and Friedrich Engels. As Marxism has developed over time into various branches and schools of thought, no single, definitive Marxist theory exists. In addition to the schools of thought which emphasize or modify elements of classical Marxism, various Marxian concepts have been incorporated and adapted into a diverse array of social theories leading to widely varying conclusions. Alongside Marx's critique of political economy, the defining characteristics of Marxism have often been described using the terms dialectical materialism and historical materialism, though these terms were coined after Marx's death and their te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Conservatism
National conservatism is a nationalist variant of conservatism that concentrates on upholding national and cultural identity. National conservatives usually combine nationalism with conservative stances promoting traditional cultural values, family values and opposition to immigration. It shares characteristics with traditionalist conservatism and social conservatism since all three variations focus on preservation and tradition. As national conservatism seeks to preserve national interests, traditionalist conservatism emphasizes the preservation of social order. Additionally, social conservatism emphasizes traditional family values which regulate moral behavior to preserve one's traditional status in society. National conservative parties often have roots in environments with a rural, traditionalist or peripheral basis, contrasting with the more urban support base of liberal-conservative parties. In Europe, most embrace some form of Euroscepticism.Traynor, IanThe EU's wear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christian Democracy
Christian democracy (sometimes named Centrist democracy) is a political ideology that emerged in 19th-century Europe under the influence of Catholic social teaching and neo-Calvinism. It was conceived as a combination of modern democratic ideas and traditional Christian values, incorporating social justice and the social teachings espoused by the Catholic, Lutheran, Reformed, Pentecostal, and other denominational traditions of Christianity in various parts of the world. After World War II, Catholic and Protestant movements of neo-scholasticism and the Social Gospel shaped Christian democracy. On the traditional left-right political spectrum Christian Democracy has been difficult to pinpoint as Christian democrats rejected liberal economics and individualism and advocated state intervention, but simultaneously defended private property rights against excessive state intervention. This has meant that Christian Democracy has historically been considered centre left on eco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paternalistic Conservatism
Paternalistic conservatism is a strand of conservatism which reflects the belief that societies exist and develop organically and that members within them have obligations towards each other. There is particular emphasis on the paternalistic obligation of those who are privileged and wealthy to the poorer parts of society. Consistent with principles such as duty, hierarchy and organicism, it can be seen an outgrowth of traditionalist conservatism. Paternalistic conservatives support neither the individual nor the state in principle, but are instead prepared to support either or recommend a balance between the two depending on what is most practical. Paternalistic conservatism does emphasize the duties of government to entail fairly broad state interventionism to cultivate a good life for all citizens. This leads to a dirigiste path in which the government is envisaged as a benevolent paternal figure setting goals and ensuring fair play and equal opportunity, with a stress on th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gaullism
Gaullism (french: link=no, Gaullisme) is a French political stance based on the thought and action of World War II French Resistance leader Charles de Gaulle, who would become the founding President of the Fifth French Republic. De Gaulle withdrew French forces from the NATO Command structure, forced the removal of Allied bases from France, and initiated France's own independent nuclear deterrent programme. His actions were predicated on the view that France would not be subordinate to other nations. According to Serge Berstein, Gaullism is "neither a doctrine nor a political ideology" and cannot be considered either left or right. Rather, "considering its historical progression, it is a pragmatic exercise of power that is neither free from contradictions nor of concessions to momentary necessity, even if the imperious word of the general gives to the practice of Gaullism the allure of a programme that seems profound and fully realised". Gaullism is "a peculiarly French phenome ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Center-right
Centre-right politics lean to the right of the political spectrum, but are closer to the centre. From the 1780s to the 1880s, there was a shift in the Western world of social class structure and the economy, moving away from the nobility and mercantilism, towards capitalism. This general economic shift toward capitalism affected centre-right movements, such as the Conservative Party of the United Kingdom, which responded by becoming supportive of capitalism. The International Democrat Union is an alliance of centre-right (as well as some further right-wing) political parties – including the UK Conservative Party, the Conservative Party of Canada, the Republican Party of the United States, the Liberal Party of Australia, the New Zealand National Party and Christian democratic parties – which declares commitment to human rights as well as economic development. Ideologies characterised as centre-right include liberal conservatism and some variants of liberalism and Christi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Welfare
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet Basic needs, basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. most pension systems), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering old age pension, support for those in old age, Child benefit, support for the maintenance of children, Universal healthcare, medical treatment, parental leave, parental and sick leave, unemployment benefits, unemployment and disability benefits, and workers' compensation, support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Inequality
There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account. Important concepts of equality include equity, equality of outcome, and equality of opportunity. Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations. Income inequality between nations peak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
