Chapter 12 economics and politics

Chapter 12 economics and politics - Chapter 12: Economics...

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Chapter 12: Economics and Politics Under capitalism, man exploits man; Under socialism, the reverse is true. Democracy is the worst form of government--except for all the rest. I. Economy and Polity A. The economy (economics) is the social institution that organizes a society’s production, distribution, and consumption of goods and services. B. The polity (politics) is the social institution that distributes power, sets a society’s agenda, and makes decisions. Polity: Economy: Representative Democracy Capitalism Political Culture: Culture : Culture Economy: Equality family values increased productivity Fairness religious values Justice Political Capital: Washington, DC Economic Capital: New York City Cultural Capital: Possibly LA due to all the celebs and whatnot II. Political Systems A. Polity: a system of government for the direction of a society’s affairs 1. Monarchy: One ruler with power vested in them; usually goes a long a family line. Two types: constitutional and absolute. Old England like under Queen Elizabeth I would be an example of
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This note was uploaded on 04/07/2008 for the course SOCIO 110 taught by Professor Page during the Spring '08 term at Radford.

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Chapter 12 economics and politics - Chapter 12: Economics...

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