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Pg 53 Politics and Power Table find more resources at oneclass.comfind more resources at oneclass.com
Left and right based on the seating in the French National Assembly. For the left a consistent principle is that redistributing and altering existing distributions of power wealth and social recognition is necessary. For the right they opposed everything the left stood for since they believed that the system was justifiable. Trump: Opposed to NAFTA -> he is taking on a part of the existing social order which is supported by the elites. Hillary Clinton was forced to change her position to cater to Bernie's voters who opposed NAFTA also. Trump -> ideological position out of the sense that the deal itself is bad which will be better for American voters. Sanders -> NAFTA and other trade deals are an inherent part of corporate power and corporate greed -> Trade deals increase the ability of corporations to demand and receive lower wages and cannot be renegotiated. Classical liberalism vs Reform liberalism. Pg 56 Politics and power find more resources at oneclass.comfind more resources at oneclass.com
Classical liberalism - a form of liberalism that emphasizes the desirability of limited government and the free marketplace Reform liberalism - a version of liberalism that combines support for individual freedom with a belief that government action may be needed to help remove obstacles to individual development. US usage of liberal is socialist or reform liberal Hillary Clinton reform liberalism support Obamacare. Trump is taking a classical liberal position on Obamacare. find more resources at oneclass.comfind more resources at oneclass.com
LECTURE 8 November 18, 2016 New Additions to Understanding Democracy: Feminism and Environmentalism Classical Liberalism and Reform Liberalism and two ideological position that had been at a core in political debates in democracy from the very beginning. Classical Liberalism and its market economy: oClassical liberalismis a form of liberalism that emphasizes the desirability of limited government and the free market place oDeeply connected with notion of classical liberalism is laissez-faire economic system(hands off democracy): a system in which privately owned businesses, workers, and co oA notion of self regulating market is important notion of laissez-faire economic system. oPractices will move in response to demand and supply to create a market clearing price. oMarket clearing price(or market mechanism) means by which forces of demand and supply determine prices and quantities of goods services offered for sale in a free market. You don’t need government intervention because its self regulatory. Prices convey a lot of information. It tells produces what to produce but rather informs the producers to produce what people want. According to classical liberalism, the best way of organizing capitalist economy is to allow the greatest possible organization of markets according to the principal of a self regulating market through prices.