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Social democracy can be divided into classical and modern strands. Classical social democracy attempts to achieve socialism through gradual, parliamentary means and by introducing it from within democracy rather than through revolutionary means. The term social democracy can refer to the particular kind of society that social democrats advocate.
Globalization, or globalisation ( Commonwealth English; see spelling differences ), is the process of interaction and integration among people, companies, and governments worldwide. [ 1] The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialisation ), developed its current meaning sometime in ...
e. In ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for the affected individuals. [ 1][ 2] In other words, utilitarian ideas encourage actions that ensure the greatest good for the greatest number. Although different varieties of utilitarianism admit ...
Libertarian economist Thomas Sowell wrote in his book, Affirmative Action Around the World: An Empirical Study, that affirmative action policies encourage non-preferred groups to designate themselves as members of preferred groups [i.e., primary beneficiaries of affirmative action] to take advantage of group preference policies.
Portrait of Milton Friedman. The Friedman doctrine, also called shareholder theory, is a normativetheory of business ethicsadvanced by economist Milton Friedmanwhich holds that the social responsibility of business is to increase its profits.[1] This shareholder primacyapproach views shareholders as the economic engine of the organization and ...
Liberal democracies usually have universal suffrage, granting all adult citizens the right to vote regardless of ethnicity, sex, property ownership, race, age, sexuality, gender, income, social status, or religion. However, historically some countries regarded as liberal democracies have had a more limited franchise.
Great Reset. The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic. [ 1] The project was launched in June 2020, and a video featuring the then-Prince of Wales Charles was released to mark its launch. [ 2] The initiative's stated aim is to facilitate rebuilding ...
e. Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. [ 1] The core belief of economic nationalism is that the economy should serve nationalist goals. [ 2]