Corporatocracy is an economic, political and judicial system controlled by business corporations or corporate interests.
Neoliberalism is both a political philosophy and a term used to signify the late-20th-century political reappearance of 19th-century ideas associated with free-market capitalism. The term has multiple, competing definitions, and is often used pejoratively. In scholarly use, the term is often left undefined or used to describe a multitude of phenomena. However, it is primarily employed to delineate the societal transformation resulting from market-based reforms.
The Swedish Social Democratic Party, formally the SwedishSocial Democratic Workers' Party, usually referred to as The Social Democrats, is a social democratic political party in Sweden. The party is member of the Progressive Alliance and the Party of European Socialists.
The history of the United States from 1980 until 1991 includes the last year of the Jimmy Carter presidency, eight years of the Ronald Reagan administration, and the first three years of the George H. W. Bush presidency, up to the collapse of the Soviet Union. Plagued by the Iran hostage crisis, runaway inflation, and mounting domestic opposition, Carter lost the 1980 United States presidential election to Republican Reagan.
In economics, shock therapy is a group of policies intended to be implemented simultaneously in order to liberalize the economy, including liberalization of all prices, privatization, trade liberalization, and stabilization via tight monetary policies and fiscal policies. In the case of post-Communist states, it was implemented in order to transition from a command economy to a market economy. Notable proponents of shock therapy include American economist Jeffrey D. Sachs, who believes shock therapy should be accompanied by debt forgiveness.
Ordoliberalism is the German variant of economic liberalism that emphasizes the need for government to ensure that the free market produces results close to its theoretical potential but does not advocate for a welfare state and did not advocate against one either.
Embedded liberalism is a term in international political economy for the global economic system and the associated international political orientation as they existed from the end of World War II to the 1970s. The system was set up to support a combination of free trade with the freedom for states to enhance their provision of welfare and to regulate their economies to reduce unemployment. The term was first used by the American political scientist John Ruggie in 1982.
Centre-right politics is the set of right-wing political ideologies that lean closer to the political centre. It is commonly associated with conservatism, Christian democracy, liberal conservatism, and conservative liberalism. Conservative and liberal centre-right parties have historically been more successful in the Anglosphere, while Christian democracy has been the primary centre-right ideology in Europe.
Economic progressivism or fiscalprogressivism is a political and economic philosophy incorporating the socioeconomic principles of social democrats and political progressives. These views are often rooted in the concept of social justice and have the goal of improving the human condition through government regulation, social protections and the maintenance of public goods. It is not to be confused with the more general idea of progress in relation to economic growth.
Regional Integration is a process in which neighboring countries enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio-political and security objectives, as defined by national governments. Regional integration has been organized either via supranational institutional structures or through intergovernmental decision-making, or a combination of both.
The Nordic model comprises the economic and social policies as well as typical cultural practices common in the Nordic countries. This includes a comprehensive welfare state and multi-level collective bargaining based on the economic foundations of social corporatism, and a commitment to private ownership within a market-based mixed economy – with Norway being a partial exception due to a large number of state-owned enterprises and state ownership in publicly listed firms.
The term post-democracy was used by Warwick University political scientist Colin Crouch in 2000 in his book Coping with Post-Democracy. It designates states that operate by democratic systems, but whose application is progressively limited. That is, a small elite co-opts democratic institutions to give itself decision-making authority. Crouch further developed the idea in an article called Is there a liberalism beyond social democracy? for the think tank Policy Network and in his subsequent book The Strange Non-Death of Neo-Liberalism.
Social democracy is a political, social, and economic philosophy within socialism that supports political and economic democracy and a gradualist, reformist and democratic approach towards achieving socialism. In modern practice, social democracy has taken the form of predominantly capitalist economies, with the state regulating the economy in the form of welfare capitalism, economic interventionism, partial public ownership, a robust welfare state, policies promoting social equality, and a more equitable distribution of income.
The pink tide, or the turn to the left, is a political wave and turn towards left-wing governments in Latin America throughout the 21st century. As a term, both phrases are used in political analysis in the news media and elsewhere to refer to a move toward more economic progressive or social progressive policies in the region. Such governments have been referred to as "left-of-centre", "left-leaning", and "radical social-democratic". They are also members of the São Paulo Forum, a conference of left-wing political parties and other organizations from the Americas.
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009. The scale and timing of the recession varied from country to country. At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression.
Following the global 2007–2008 financial crisis, there was a worldwide resurgence of interest in Keynesian economics among prominent economists and policy makers. This included discussions and implementation of economic policies in accordance with the recommendations made by John Maynard Keynes in response to the Great Depression of the 1930s, most especially fiscal stimulus and expansionary monetary policy.
After World War II, many countries adopted policies of economic liberalization in order to stimulate their economies.
Centre-left politics is the range of left-wing political ideologies that lean closer to the political centre and broadly conform with progressivism. Ideologies of the centre-left include social democracy, social liberalism, and green politics. Ideas commonly supported by the centre-left include welfare capitalism, social justice, liberal internationalism, and multiculturalism. Economically, the centre-left supports a mixed economy in a democratic capitalist system, often including economic interventionism, progressive taxation, and the right to unionize. Centre-left politics are contrasted with far-left politics that reject capitalism or advocate revolution.
Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics is a 2012 book by barrister Daniel Stedman Jones, in which the author traces the intellectual development and political rise of neoliberalism in the United States and the United Kingdom. Originally a PhD thesis, the author adapted it into a book.
International relations since 1989 covers the main trends in world affairs in the post–Cold War era.
