Site moved to Quick Notes U.S. Political Economy
Political Economy Basics
Part 1 Political Systems Are About Power U.S. Democratic Federalist Republic
Part 2 Economic Systems Capitalism Other Economic Systems Modern Criticism Country Policies
Part 3 Building America's Democratic Federalist Republic 3. Elections 4. Our Leader's Thought
5. Some Are Unhappy 6. The Flow of History Book Summaries
7. Political Economy Book Reviews 8. War Politics Book Reviews
See Our FreeU.S. Government and Politics Course 7/1/21
Systems Are About Power
Commonwealth community founded for the common good
Oligarchy power effectively with a few people.
a. Northwestern study: US is an Oligarchy.
b. German oligarchs financed Hitler.
Polyarchy has decentralized rule with many small governments
is a form of radical
Libertarianism wants to limit government power/spending.
Dictatorship has rule by a person.
Federation is composed of states with a common purpose.
Democratic Federalist Republic
Political Systems involve governments and politics.
a. There are many adaptations. What constitutes a right and their relative importance has been continually debatable. In the 21st Century some attach Liberal to these ideas.
b. John Adams said "a government, in which all men, rich and poor, magistrates and subjects, officers and people, masters and servants, the first citizen and the last, are equally subject to the laws."
c. In United States v. Cruikshank (1875) the Supreme Court ruled that the concept of "equal citizens" was inherent to Republicanism.
d. Colonial America developed in an untamed vast wilderness far from the governing country. This unique historical circumstance resulted in American Exceptionalism.
Federalism divides powers among member units so that political control is constitutionally decentralized. Each unit has some final authority and self- government.
a. US Federalism divides power with federal/state Dual Federalism. Great Depression hardships led some toward the expanded federal power of Cooperative Federalism.
b. Federalism Video 1.38 is conservative.
c. Federalist Party of Washington, Hamilton and Adams with government fostering economic growth.
d. Political Revolution of 1800 replaced the strong federal government with Jeffersonian Republicanism
Democracy exists when government power resides in a constitutionally determined electorate having equal say in determining the majority will. Majority political power is absolute and unlimited. Success is often determines by controlling Majority Factions. Cnstitution protects minority rights.
See The Federalist Papers, a Basics Video, and Liberalism, Constitutionalism and Democracy.
Abbreviated from Economics 3 Basic Characteristics of_Capitalism Building America's Democratic Federalist Republic 3p
described early market based
See Why is The Wealth of Nations So Important?
A video from econlib.org/ Provided by textbooksfree.org
Characteristics of Capitalism
Private Property (" Laissez-faire "). The important Creative Destruction ingredient was observed by mid-20th century sociologist and economist Joseph Schumpeter. It involves the process of technology and improved economic structures replacing inefficient economic structures. The resulting unmatched economic efficiency has led to confrontation among owners, labor, management and government as to who gets resulting income. For his thoughts read Dynamic Economics and listen on YouTube to Schumpeter.
Socialism has collective ownership and management of some economic resources with equitable distributed of resulting production.
Feudalism structures society around holding land relationships in exchange for service or labor. New Feudalism refers to a theorized contemporary rebirth of governance, economy and public life reminiscent of a feudal society.
Oligarchy is when power rests with a small number of people who may be distinguished by royalty, wealth, family ties, education, corporate, religious or military control. US?
Communism is the ideal of those practicing a "Marxian System." It was designed by 19th century philosopher Karl Marx. Wealth is collectively owned and managed with a planned command economy. The Paris Commune government that led to the anarchy the late 18th century French Revolution has caused many governments and wealthy individuals to fear changes promised by liberal economic systems. Some equate communism with a totalitarian political system as a democratic communism has never existed.
exists to increase the personal wealth and political power of
government officials. Russia?
Abbreviated from Economics_3_Basic_Characteristics_of_Capitalism
has increasing world-wide
competition necessitating up-to-date technology, complex capital
goods and a decreasing number of specialized well-trained employees
from around the world.
2. State Capitalism driven by government as practiced in China,
Money Manager Capitalism
Crony Capitalism began in "the garden" many years ago.
Criticism of Modern
Michael Moore, a modern day investigative journalist, has been critical of capitalism and capitalists. Some question his estimated $50 million net worth.
Political Criticism Readings Why China Does Capitalism Better than the US, Hoodwinked An Economic Hit Man Reveals Why the World Financial Markets Imploded--and What We Need to Do to Remake Them, by John Perkins, How Will Capitalism End, Has Capitalism Reform Reached a Turning Point, Revisiting Old Argument About Impact Capitalism, Economic Report of the President 2014 is positive, The Great Recession looks at a recent capitalistic failures
Our Democratic Federalist Capitalist Republic
Turning Points in America's Democratic Federalist Republic
Readings Truth Independence- Liberty 12/3/16
2. Building America's
1. The Early Colonial Period
Use pdf for color printing.
U.S. Government and Politics
Thomas Jefferson The Art of Power 2012 J. Meacham 8p
Fortune, and the Politics of Deceit in the
House of Bush
Three Presidents and the Crisis of America Superpower
Current Leaders Educational Advise
The Crimes of Post WW2 U.S. Presidents- Noam Chomsky
12 Min Video
6. The Flow of History Book Summaries
Don't Know Much
Turning Points in American History Over 400 Years Five 2-page parts
Presidential Courage Brave Leaders and
How They Changed America 1789-1989
7. Political Economy Book Reviews
Capitalism in the Twenty-First Century
"Why We' re in a New Gilded Age"
The Shifts and Shock What We Learned from the Financial Crisis by Martin Wolf 9/11/14
Mainstream Economists Have Damaged America and the World
Hoodwinked An Economic Hit Man Reveals Why the World Financial Markets Imploded--and What We Need to Do to Remake Them, by John Perkins
Education and Income Inequality, chapter 21 The Age of Turbulence, Adventures in a New World, by Alan Greenspan
"This Time Is Different" is a history of financial collapse from 1300 to the present.
Strange Rebels: 1979 and the Birth of the 21st Century.
By Christian Caryl. Basic; 400 pages argues that 1979 belongs to the select club of real turning-points: "years in which one era ended and another was born. 1917 proved to be a bloody dead end and 1848 proved to be, in A.J.P. Taylor’s phrase, “a turning-point in history when history failed to turn”. But others, such as 1789 (when France’s ancient régime collapsed) and 1517 (when Martin Luther nailed his 95 theses on the door), resound down the ages." Editors note: Was the liberalism of the 20th century coming to an end?
Guns, Germs, and Steel - the fates of human societies '...attempts to explain why Eurasian civilizations, as a whole, have survived and conquered others, while attempting to refute the belief that Eurasian hegemony is due to any form of Eurasian intellectual, moral, or inherent genetic superiority."
How You Can Kill Al-Qaeda in Three Easy Steps
I just got done reading Howard Clark's new book "How You Can Kill Al-Qaeda (in Three Easy Steps). He's an ex-Marine and former Homeland Security adviser who says the way to win the war on terrorism is to help empower the mainstream Muslim community, who in recent years has been overshadowed in the public spotlight by fringe Al-Qaeda extremists. The whole idea of fighting terrorism with ideas and not weapons is definitely nothing new, but Clark's populist tone and foreign policy street cred was a refreshing perspective to have in the discussion. "Click on the link below in the next 30 minutes and I'll throw in this egg slicer absolutely free! Here's how to order!" Book's official site...
One Nation Under Contract: The Outsourcing of American Power and
the Future of Foreign Policy