Marxism and Structuralism: • Marx concerned with causes of conflict in society and believed that it was the result of struggle between different socio-economic classes. • saying capitalism as a bondage from which people strive to be liberated. • Theory of history based on historical materialism‚ where the system of economic production determined structures of society. All history was the history of class struggle between a ruling group‚ from which [came] a new economic‚ political and social
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Definition Mercantilism was the prevailing thought‚ in terms of international trade theory‚ during the Pre-industrial Revolution period. Mercantilism is an economic theory that holds that the prosperity of a nation is dependent upon its supply of capital‚ and that the global volume of international trade is “unchangeable.” Economic assets or capital‚ are represented by bullion (gold‚ silver and trade value) held by the state‚ which is best increased through a positive balance of trade with other
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Neo-liberalism Neo-liberalism is a political philosophy that proposes that human well-being can best be developed by liberating individual entrepreneurial freedoms and skills within an institutional framework characterised by strong private property rights‚ free markets‚ free trade‚ economic liberalization‚ privatisation‚ deregulation. This theory also focuses on decreasing the size of the public sector‚ while increasing the role of the private sector in today’s society. (Harvey 2005) Neo-liberalism
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Marxism and Maoism: A Comparative Analysis By: Umme Salama 5/10/2013 This paper intends to provide a comparative analysis of Maoism and Marxism with reference to the Chinese socialist revolution and Marx and Engel’s writings. It aims to do so by applying a case study approach of the revolution in China and analyze it as a practical movement inspired by Marxist theory. Maoism is a philosophical theory‚ named after its founder‚ Mao Zedong. Moreover‚ as a method of analysis of social reality
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Liberalism vs. Socialism There have been many ways man has lead man throughout history. Some chaotic and involved a lot of blood. Others have lead society into greatness and peace. One form of government is liberalism which comes from the word of freedom‚ liberty. There are two types of liberalism‚ classical and modern liberalism. Classical liberalism contains roots from Jock Locke of the seventeenth century and Adam Smith of the eighteenth century. Modern liberalism had been tinkered and modified
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In determining if China is pursuing a Neo-mercantilist approach to world trade‚ it is first important to determine what Neo-mercantilist trade means. According to Hill (2014: 162)‚ “The main tenet of mercantilism was that it was in a country’s best interest to maintain a trade surplus‚ to export more than it imported. By doing so‚ a country would accumulate gold and silver and‚ consequently‚ increase its national wealth‚ prestige and power.” The mercantilist approach encouraged government involvement
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and the 18th century‚ European world states embraced mercantilism‚ or an economic system that “saw the world’s wealth as fixed‚ meaning that anyone country’s came at the expense of other countries.” (Tignor et al‚ 482). According to British commercial expert Malachy Postlewayt‚ the principles of mercantilism were there to ensure that “the lasting prosperity of the landed interest depends upon foreign commerce” (Tignor et al‚ 482). Mercantilism allowed European motherlands to thrive‚ attain commodities
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departure from the four pillars of the KWS during the neoliberal globalization era‚ through privatization of former crown (or state-owned) corporations‚ demonstrated a commitment of the neoliberal globalization era to classical liberalism and the KWS era to reform liberalism. One state-minimizing initiative the government of Canada engaged in during the time of the neoliberal globalization era was privatization and deregulation of former crown corporations. For example‚ under leadership of the Tories
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negative freedom include civil liberties‚ such as freedom of conscience‚ freedom of speech‚ freedom of movement and freedom of religious worship. Modern liberals‚ on the other hand‚ believed that the unrestrained freedom promoted by classical liberalism has brought about new forms of poverty and injustice. T.H. Green challenged the classical liberal notion of liberty. Negative freedom merely removes external constraints on the individual‚ giving the individual freedom of choice. He proposed the
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Liberalism has been created and molded through many time periods‚ with the assistance of various great thinkers and valid viewpoints. Depending on who is asked‚ liberalism may have many different levels to it for them. Factors that could have shaped their view of liberalism may be their heritage and where they live or have lived. Being specific to the quote‚ the first section of it more referring to welfare capitalism‚ while the second part is largely modern liberalism. There are two distinct principles
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