POLS 2000 Lecture Notes - Lecture 7: Presidential System, Oligarchy, Aristocracy
26 Mar 2018
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Document Summary
Marx categorized political economic systems according to who controlled the means of production- the things necessary to transform labor into wealth- such as land and its natural products, factories, materials, and tools, as well as infrastructure. Instead of (cid:272)o(cid:373)petitio(cid:374) fo(cid:396) p(cid:396)ofits, e(cid:395)uality i(cid:374) the dist(cid:396)i(cid:271)utio(cid:374) of so(cid:272)iety"s (cid:449)ealth is the driving factor in the decisions related to production. When government regulates and policies the exploitation of the pool of labor by capitalists, it is, in essence, using principles of socialism to practice capitalism. How we refer to the collection of most commonly used mechanisms that governments use to manage the collective resource of currency. The primary way that a government can manipulate the value that each unit of a currency represents is by fiddling with the money supply. Government structures are the interdependent essential elements of governing that determine, enable, and limit the form and function of a government and are sustained over time.
