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Individualism
Values placed upon the primacy of the individual, emphasizing "me" before "we."
Private property
Ownership of lands, homes, businesses, and intellectual property, with significant wealth concentration.
Rule of Law
Principle that everyone is subject to the law, with government powers defined by law.
Individual rights and freedoms
Rights guaranteed by documents like the Charter and the American Bill of Rights.
Competition
The presence or absence of competition in various industries affects market dynamics.
Economic freedom
The ability of individuals and corporations to buy, sell, and work freely, with consumer sovereignty as a key aspect.
Self-interest
The concept that individuals act in their own best interest, benefiting society when they can.
Cooperation
Working together as a group to avoid exploitation and pool resources.
Collective interest
The interests of a group that can be more effectively achieved collectively.
Collective responsibility
Holding a group accountable for the actions of its members.
Public property
Property owned by the state or community, often debated in terms of its implications.
Economic equality
A spectrum of approaches to achieving equality, including progressive taxation and social programs.
Marxism
A theory focused on class struggle, advocating for collective ownership and equality for the working class.
Social Contract
An agreement within society to accept government in exchange for security and rights.
Thomas Hobbes
A philosopher advocating for a strong government due to his negative view of human nature.
John Locke
The father of liberalism, emphasizing individual rights and limited government.
Montesquieu
Proposed separation of powers to avoid corruption and despotism.
Adam Smith
Advocated for laissez-faire capitalism and the regulation of the economy by market forces.
John-Stuart Mill
Emphasized the importance of individual freedoms and government protection of those freedoms.
John Jacques Rousseau
Believed in the natural freedom of people and the corrupting influence of private property.
Karl Marx
The father of communism, advocating for economic equality and the abolition of private property.
Beliefs/values
Ideas and understandings that shape an individual's identity and worldview.
Human interdependence
The concept that individuals rely on one another in various aspects of life.
Capitalism
An economic system characterized by free markets and minimal government involvement.
Communism
A societal system where property is owned collectively for the common benefit.
Socialism
An ideology advocating for public control of resources for societal benefit.
Ideological spectrum
A diagram organizing ideologies based on their emphasis on collectivism or individualism.
Deregulation
removal of economic regulations
