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Exam Notes

by: Lian Joseph
Lian Joseph
Virginia Tech

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These notes will cover what will be on our exam.
Comparative Government and Politics
Charles Taylor
Study Guide
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This 3 page Study Guide was uploaded by Lian Joseph on Sunday May 8, 2016. The Study Guide belongs to PSCI 1024 at Virginia Polytechnic Institute and State University taught by Charles Taylor in Spring 2016. Since its upload, it has received 13 views. For similar materials see Comparative Government and Politics in Political Science at Virginia Polytechnic Institute and State University.

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Date Created: 05/08/16
1/28/16 Economics (buying, selling, investments), Justice, and Effectiveness   Political systems: Economic systems: o Democracy                                                      ­Capitalism (ex: Singapore) o Dictatorship  ­Socialism   (ex: Sweden) Capitalism:  Began in the early nineteenth century o Adam Smith Wealth of Nations o Entrepreneurs and wealth created together to create an economy o Private owners working for profit  o Market system  All about “Can I give you a cheaper way of giving you something”; goods  and services cheaper than someone else  Concerned for the needs/desires for supply and demand o Produces common good for whole society  Laissez faire  o Government has no interest in managing the country’s economy; “hands off”;  minimal intervention by government in economy  Reducing the number regulations   Nightwatchman state  Keeping the peace of the state  Socialism  o Common ownership for common welfare o Private property cause of injustice   Value is produced by hard work (Marx) o From those who have to those who need  Planned Economy o To produce what is needed and only what is needed   Communism  o Ideology that does not distinguish political and economic  Economic decisions were based on political positions  Capitalism: incentives for growth  Socialism ­ equality of income  Winston Churchill: “Capitalism creates the unequal distributions of wealth; socialism creates the equality of poverty”  Collapse of Socialism:  Central planning and common ownership is not effective  Search for alternative means for same goals o How do we produce  Soros’ Thesis o Unless self interest is tempered by common interest, democracy is likely to break  down  Philosophical liberalism:  Radical individualism   American conservatives  Communitarian values:  Welfare state  American libers Constitutionalism:  “The only reason to limit liberty is self protection” ­John Stewart Mill What is Constitutional?  Judicial Review o United States, Germany  Sovereignty of parliament o United Kingdom  Decision by the people o Switzerland  Distribution of Wealth  Always a political question  No value neutral distributions  Driven by both fairness and greed Distribution:  From rich to poor   From poor to rich  From young to old  From old to young  Government’s Historic Role:  National defense   Domestic tranquility   General Welfare  Government’s Modern Role:  Education; transportation and other services  Social and economic well­being   Prosperity and economic growth o Inflation and unemployment   Redistribution (taxes, reform etc) Regulatory State:   Sanctions  o Wrong thing = penalized  Rewards o Projects  Extraction:  Direct taxes  o Sale taxes  Indirect taxes  Borrowing


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