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political and economic ideologies
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communism
based off of Karl Marx’s ideas
government owns all businesses and farms and provides its people healthcare, education, and welfare
China (1949-present)
Cuba (1959-present)
North Korea (1948-present)
socialism
government owns many of the larger industries and provide education, health, and welfare services while allowing citizens some economic choices
Vietnam
Laos
Denmark
Finland
capitalism
people own their own businesses and property and must buy services for private use, such as healthcare
Sudan
Burma
Zimbabwe
dictatorship
rule by a single leader who has not been elected and may use force to keep control
England (1066-present)
Russia (1679-1861)
Japan (until 1800)
remote areas in Asia
feudalism
peasants and vassals serve a powerful lord who protects them and takes care of their economic needs
democracy
the government is elected by the people. Everyone who is eligible to vote has a chance to have their say over who runs the country
fascism
a strong centralized government with stringent social and economic control led by a charismatic dictator and is characterized by fervent patriotism
constitutional monarchy
where a parliament (elected) and the monarch (head of state) rule together under law
oligarchy
a form of government which consists of rule by an elite group
theocracy
a form of government where the rulers claim to be ruling on behalf of a set of religious ideas
republic
led by representatives of the voters. Each is individually chosen for a set period of time
advantages of communism
embodies equality
makes healthcare and education accessible
no monopolies
advantages of socialism
balance between wealth and earnings
equal access to health care and education
breaks down social barriers
advantages of capitalism
dominant economic system in developed countries
corners of representative democracy
linked with economic growth
advantages of dictatorship
power centralized (more efficient)
complete control of the military and police
put an end to political unrest
advantages of feudalism
stability of infrastructure with goods and services
organized system
advantages of democracy
open to change
representation of people
promotes equality
advantages of fascism
prioritizes the welfare of the country
promotes socio-economic equality
improves peace and order
advantages of constitutional monarchy
continuity with the leader
history, culture, and traditions preserved
balance between the power of the monarchs and the parliament
advantages of oligarchy
decisions happen rapidly
women are more likely to be in power
debates exist
advantages of republic
elected representatives
individualism
power of voting
advantages of theocracy
single state-supported religion encourages political and social unity
ensures that leaders make their decisions in line with their citizens values and beliefs
disadvantages of theocracy
making sure everyone follows the teachings of one religion is hard
citizens who do not believe in the religion of the majority can have their rights abused
disadvantages of republic
focused on profit
emphasizes consumption
limits government in enforcing fair play rules
disadvantages of fascism
paves the way to abuse of power
prevents freedom of speech
widen the gap between rich and poor
disadvantages of constitutional monarchy
traditions make progression difficult
monarch cannot be removed
promotes class privilege
disadvantages of oligarchy
no change to status quo
free speech falls
middle class is squeezed out
disadvantages of capitalism
focused on profit
emphasizes consumption
limits government enforcing fair play rules
disadvantages of dictatorship
dictators can abuse citizens who oppose them
citizens may demand control sent back to elected officials
disadvantages of feudalism
divided rich and poor
serfs forfeited rights and paid heavy taxes
no independence
disadvantages of democracy
opportunity for corruption
wrong choices for leadership
favors the majority
disadvantages of socialism
bureaucracy hampers the delivery of services
people are unmotivated to develop skills
the government has too much control
disadvantages of communism
promotes bad habits (laziness, greed)
government runs the lives of the people
no financial freedom