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Democracy; Authoritarian Capitalism; and China: Crash Course World History 230 Video Lecture | A Complete Guide to World History : 2 - World Knowledge

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FAQs on Democracy; Authoritarian Capitalism; and China: Crash Course World History 230 Video Lecture - A Complete Guide to World History : 2 - World Knowledge

1. What is democracy?
Ans. Democracy is a system of government in which power is vested in the people, who exercise it directly or through elected representatives. It allows for the participation of citizens in decision-making processes, ensuring political equality, and protecting individual rights and freedoms.
2. What is authoritarian capitalism?
Ans. Authoritarian capitalism is an economic model where a country operates under a capitalist system, but political power is concentrated in the hands of an authoritarian government. This type of system allows for private ownership and market competition, but the government maintains control over key sectors and industries.
3. How does China's political system differ from democracy?
Ans. China's political system differs from democracy in that it follows a one-party rule under the Communist Party of China. The government holds significant control over the country's political and economic affairs, limiting individual freedoms and suppressing dissent. Unlike a democracy, where power is decentralized and citizens have the right to participate in decision-making, China's political system is highly centralized and governed by a small group of party leaders.
4. What are the advantages of democracy over authoritarian capitalism?
Ans. Democracy offers several advantages over authoritarian capitalism. Firstly, it ensures political participation and representation of all citizens, allowing for diverse perspectives and interests to be heard. Secondly, democracy promotes individual freedoms and human rights, providing a system of checks and balances to prevent the abuse of power. Additionally, democracy fosters innovation, economic growth, and social development through open markets and competition.
5. How has China's authoritarian capitalism influenced its economic growth?
Ans. China's authoritarian capitalism has played a significant role in its economic growth. By maintaining a tight grip on key industries and implementing strategic economic policies, the government has been able to steer the direction of the economy. This control has enabled China to prioritize industries, invest in infrastructure, and implement long-term development plans, leading to rapid economic growth and poverty reduction. However, it has also resulted in issues such as income inequality and limited political freedoms.
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