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Author Question: Explain the essential insight offered by the conservative, liberal, and radical-left approaches to ... (Read 116 times)

TFauchery

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on: Jul 2, 2018
Explain the essential insight offered by the conservative, liberal, and radical-left approaches to this country's political economy. How might our country learn from each model to advance the cause of democracy?
 
  What is an Ideal response?

Question 2

Define corporations, monopolies, conglomerates, and special-interest groups. Give an example of each. Explain how, from a political point of view, each can cause a specific social problem.
 
  What is an Ideal response?


Rilsmarie951

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Reply #1 on: Jul 2, 2018
Answer to Question 1

 Radical-Left View: Efforts to reform the capitalist political economy will have little effect. What is needed is fundamental change in the economic and political systems so that they reflect the interests and meet the needs of the majority.
 Liberal View: Government social welfare programs should transfer wealth from rich to poor to lessen inequality. Political reforms are needed to reduce the role of corporate and individual wealth in the political process.
 Conservative View: Market economics should be maintained because this provides the greatest good for the greatest number of people. The United States stands out among nations as a model of extensive rights and freedoms.

Answer to Question 2

 Corporations:businesses with a legal existence, including rights and liabilities, separate from that of their members
 Conglomerate: a giant corporation composed of many smaller corporations
 Monopoly:the domination of an entire market by a single company
 Special-interest groups:political alliances of people interested in some economic or social issue


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TFauchery

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Reply #2 on: Jul 2, 2018
Thank you


Rilsmarie951

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Reply #3 on: Jul 2, 2018
No problemo


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