GMS 723 Chapter Notes - Chapter 2: John Stuart Mill, Totalitarianism, Collectivism
21 Jan 2018
School
Department
Course
Professor
Document Summary
Collectivism: political system that stresses the primacy of collective goals over individual goals. Individualism: political system that focuses on the interests of the individual over the interests of the state: individualism hast two central tenets: Individual freedom and self expression - john stuart mill: let people pursue their own economic self interest - adam smith. Democracy: political system in which the people elect representative s to form the government. Democracy demands: freedom of expression, free media, regular elections, fair court system, non political - police and army. Totalitarianism: political system based on collectivism, which advocates that socialism can be achieved only through a totalitarian dictatorship. Market economy: economic system in which the interaction of supply and demand determines price production. Command economy: economic system in which the government determines the allocation of resources including the determination of production and prices legal.
