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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- Spring '08
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