ADM 3318 Lecture Notes - Lecture 2: Totalitarianism, Economic Freedom, Representative Democracy
30 Oct 2017
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Chapter 2: political economy: the political, economic, and legal systems of a country, political systems: system of government in a nation. Can be assessed according to two related dimensions: degree to which they emphasize collectivism as opposed to individualism, collectivism: a political system that emphasizes collective goals as opposed to individual goals. The needs to society viewed being more important than individual freedoms: socialism. Communists: those who believe socialism can be achieved only through revolution and totalitarian dictatorship. Social democrats: those committed to achieving socialism by democratic means: individualism: an emphasis on the importance of guaranteeing individual freedom and self-expression. Representative democracy: a political system in which citizens periodically elect individuals to represent them in government. Communist totalitarianism: a version of collectivism advocating that socialism can only be achieved through a totalitarian dictatorship. Theocratic totalitarianism: political system in which political power is monopolized by a party, group, or individual that governs according to religious principles.
