The economy
and politics control the present and future of a society. Even though each has
power over individuals they both depend in each other. This can be seen in the
economic system and the legitimacy of power a government possesses. There are
different economies and the American capitalism is a result of multiple
mixtures between socialism and capitalism with a strong base of capitalism. Politics
are not so different there is a variety of governments and the USA has an
interesting system of democracy with multiple rules.
The economic institution is the way that a society
governs the production of goods. The factors
of production are the resources needed to manufacture the products. There are
three sectors of the economic system the primary
is the raw materials, secondary manufactures
products, and tertiary provides services.
The other way to see it is preindustrial where the economy is based on the
extraction of resources or agriculture. Industrial were the economy buys the
product of preindustrial economies to create products. Postindustrial is a society that sales information
or are based on e companies. Power is
the ability to control others. Authority
is normally is where people follow because they followed their status before. Rational-legal
authority is power vested by the government. Charismatic authority is power
given to those based on how much a group agrees with the individual. Coercion is
illegitimate power because the law does not allow it and people do not agree
with them.
Capitalism is where individuals control
the production instead of the government. The why the economy is regulated by
supply were people make more because they can charge more and demand were
people buy more when the price decreases. The French call free-enterprise laissez-faire capitalism because the government barely
gets involved. In socialism the
government controls the production. Communism
is normal is socialism that can lead to totalitarianism were power is exercised
over citizen. The American economy is mostly capitalist were corporations are
owned by few and they are protected in the USA and are multinational and have
e-comers.
There are
three types of government democracy
were the people have a say, monarchy
that is where an individual has the power un less there is a constitution in which the people have a
say and the monarch approves, and authoritarian
in which were the state has the power as
dictatorship, junta, or absolute monarchy. In the USA there is democracy
but individual companies have power over certain candidates.
In the current
ways of government and economy it is easy to see that the problem is the free
enterprise. There should be regulations on profit to ensure companies do not
have the ability to control or over through governments. The fact that pure
capitalist and socialist economies do not exist shows that a balance most be
found between democracy and free enterprise that persuade individuals with the
propaganda that they are able to give to the individuals who will do their bidding
corrupting laws and more.
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