Commerce Hacked: Political Ideologies Cheat Sheet

Cheat Sheet: Political Ideologies Hacked

Studying commerce in years, 8, 9 or 10?
A quick summary cheat sheet on everything you need to know about political ideologies.

A political ideology is a system of beliefs and practises which determine the political decisions of a country or society.

The political compass

• ·       Left- free economy
• ·       Right- controlled economy.
• ·       Up – Authoritarian
• ·       Down- Libertarian
• More in depth examples:
• ·       Libertarian socialism is in the bottom left corner.
• ·       Stalin- state more important than individual.
• ·       State-imposed arbitrary collectivism in the extreme top left
• ·       Extreme bottom left is voluntary collectivism at regional level, with no state involved.

Different Wings Explained:

Left wing

·       Liberty- the freedom of speech and right to dissent

·       Equality- classless society with redistribution of wealth through welfare state

·       Fraternity- the communal brotherhood, working and living as one.

Right wing

·       Authority- the preservation of order through an evolved authority

·       Hierarchy-the continuation of the existing social order

·       Property- the right to private ownership

Common ideologies explained:

Fascism

• Centralised power with no citizen input
• Strong focus on military

Monarchy

• Political power lies within one family (king or queen)

Theocracy

• beliefs and practises of religion are the foundation of government

Oligarchy

• power held by wealthy few

Liberalism

• Representative government with high citizen input
• Libertarians- maximise autonomy and freedom of choice
• Neo-liberalism- deregulated market economy (opposite of communism)

Socialism

• left wing system where production, distribution and exchange are in common ownership in a community

Communism

• left wing, collective ownership (state planned economy)

Anarchism

• Society without government (opposite of fascism)

Thanks so much for reading! If you have any questions about anything or need help, free feel to email me at studystudentpotential@gmail.com.