Centralism vs Decentralism: the new Left vs Right — Part 3 (Open Centralised)
Published in
2 min readJul 14, 2017
(aka Free Trade Economy, Liberism Economy, World Economy)
Policy Types
Popularism
- Policy — liberal democracy, capitalism, small government,
market economy with regulation to control monopolies, private property rights, limited welfare state (education and medical care coverage), supportive of conservatism and economic liberalism, opposing toward socialism and communism - Goods and Services — free markets, individual initiative (i.e. skills)
- Decisions — appeal to the majority (general public), anti-elitism
(aka Right-wing Popularism, Radical Right, New Right)
Leftism
- Policy — social welfare and equality, popular sovereignty, no hierarchy
(aka Socialism, Left Wing, Nationalism, Moderate Right)
Communism
- Policy — social organisation, all property owned by community,
all members contribute and receive according to their ability and needs
Far Right
- Control — absolutist government, power of state supports dominant
ethnic group or religion (often to criminalise others)
Fascism
- Decisions — by dictator, totalitarian government
(aka Falangism)
Revanchism
- Policy — patriotism and retribution willing to reverse territorial losses
following a war or social movement
Sovereignty
- Monarchism, Republicanism, Euroism
Internal Goods & Services
Specialise where hold:
- Comparative advantage (lower opportunity cost)
- Productive capacity
International Trade
- High
External Impact
- Globalisation
- International Organisations — UN, Multi-National Corporations (MNCs)
Pros
- Innovation, free enterprise
Cons
- Secret negotiations, and elite gaming the system through free trade
deals with tax havens (i.e. Panama Papers)