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Lecture 2

POLI 222 Lecture Notes - Lecture 2: Financial Regulation, English Canada, Jack Layton

Political Science
Course Code
POLI 222
Christa Scholtz

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Lecture 2: The Founding “Isms”
Jan. 15, 2013
Lecture Themes
- political ideas and the left-right continuum
- changing of definitions over time
- Hartz/ Horowitz: Fragment Theory
- How much can political culture explain?
The Left
*"classical" socialism vs. "contemporary" socialism (social democrat)
- socialism: collective/ community sense of value
* individual must yield to some collective sense
* "classical" socialism: social welfare, union movement,
state intervention, market regulated by state
* "contemporary" socialism: capitalism and market
economics not a bad thing, doesn't all have to be all state
planning and accepts that there is a role for the market
and that gov't intervention is necessary to deal with
issues (racialism, gender issues and redistribution of
- ex: NDP, Jack Layton,
* market: financial regulation, environmental regulation
- Canadians are more socialist than Americans
- discover the history
The Middle
*"Classical"/"Market" Liberalism vs. "Contemporary" Liberalism
- Adam Smith: all men are created fundamentally equal and are
naturally free, no natural rule for one person to be sovereign over
others, if a ruler is to be legitimate it can not be that it is just an
inheritance fact it must be consented by the ruled, citizen is
always free to resist a ruler that acts illegitimately, maximum
collective good only happens when market is allowed to be free
**point of departure**
- state should be protecting individual's autonomy
- result: everyone is completely on their own = risk = some may fail, some
may succeed
- "contemporary" liberalism: there is a role in state in redistributing wealth by
helping with equality of opportunities, need a minimal level of social welfare,
capitalism requires some regulation (not weak state but from a state that can do
The Right
*"Classical" Conservatism vs. "contemporary" conservatism
- "classical" : natural social hierarchy, need to maintain traditional
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