Gov 312L 01.25.08 - i You need the state to make the market economy work(you need private property but you don’t want it to get too involved ii

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01.25.08 Models of Democracy: IV 1. Different positions on the Democracy/Inequality Issue 2. Liberal Democracy a. Basic Assumptions of (Economic, European) Liberalism i. The higher your socioeconomic status, the more you use your democratic rights 1. Does political equality coincide with socioeconomic inequality? b. Focus on Individual Liberty i. Basic principles of Liberalism: (freedom, market orientation) 1. Assign priority to the individual 2. The individual should be able to exercise their individual liberty to the fullest extent possible until it infringes on other people’s liberty 3. Economic liberalism: free market, not gov’t regulation, i.e. Bush, Raegan a. Emphasize competition 4. Decentralized coordinator: self-interest drives people c. Ambivalence about the state
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Unformatted text preview: i. You need the state to make the market economy work (you need private property), but you don’t want it to get too involved ii. Coercive power of the state necessary to protect you from other people, but corruption in the state can abuse that power d. Competition: coordination in freedom e. Market & the state i. Historical Emergence: Opposition to absolutism 1. Politics dominated all other fields ii. 3 Principal Strategies of Liberalism 1. Confine the state to a narrow political sphere 2. Tame the State’s Power: Constitution, Basic Rights, Checks & Balances, ect. 3. Make State power dependent on Popular Consent iii. Tension between liberalism and popular sovereignty: Fearing the “tyranny of the majority”...
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This note was uploaded on 03/19/2008 for the course GOV 312L taught by Professor Madrid during the Spring '07 term at University of Texas at Austin.

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