Socialism is a political and economic ideology that advocates for public or collective ownership and democratic control of the means of production and distribution of goods and services. It emphasizes social ownership and cooperation as opposed to private ownership and competition, aiming for a more equitable distribution of wealth and resources. Key Characteristics / Core … Read more
Social democracy is a political ideology that advocates for a socialist economy within the framework of a liberal democracy. It seeks to temper capitalism’s inequalities through social welfare programs and government regulation. Key Characteristics / Core Concepts Emphasis on Social Justice: Prioritizes fairness and equal opportunities for all citizens. Mixed Economy: Combines elements of capitalism … Read more
Marxism is a socioeconomic theory developed by Karl Marx and Friedrich Engels that analyzes societal development through the lens of class struggle and historical materialism. It critiques capitalism’s inherent inequalities and proposes a communist society as its eventual successor. Key Characteristics / Core Concepts Class Struggle: The central conflict between the bourgeoisie (owners of capital) … Read more
Liberalism is a political philosophy or worldview founded on ideas of liberty and equality. It emphasizes individual rights and freedoms, with varying perspectives on the role of government in protecting and promoting these values. Key Characteristics / Core Concepts Individual Rights: Protecting fundamental freedoms like speech, religion, and assembly. Limited Government: Advocating for constraints on … Read more
An ideology is a system of ideas and ideals, especially one that forms the basis of economic or political theory and policy. It’s a set of beliefs that shape how people understand the world and their place in it, influencing their values, actions, and social structures. Key Characteristics / Core Concepts Belief System: A coherent … Read more
The Cold War (1947-1991) was a period of geopolitical tension between the United States and the Soviet Union and their respective allies. It was characterized by an arms race, proxy wars, and ideological conflict, but it never escalated into direct military confrontation between the two superpowers. Key Characteristics / Core Concepts Ideological Conflict: Capitalism versus … Read more
Capitalism is an economic system where the means of production are privately owned and operated for profit. It’s characterized by competition, free markets, and the pursuit of individual gain. Key Characteristics / Core Concepts Private Property: Individuals and corporations own the means of production (factories, land, resources). Free Markets: Prices are determined by supply and … Read more