Table 1-1: The Traditional Political spectrum Socialism Liberalism Conservatism Libertarianism How much Active power Positi should the government Positive government control of government Almost no regulation government major action in the action to support of the economy have over capitalism economIc the economy sectors economy ? What Economic Economic conom should the security, equal nic liberty, Total economIc and equality, morality, social government social liberty community opportunity, order promote social libertyTable 1-1: The Traditional Political Spectrum Socialism Liberalism Conservatism Libertarianism How much power should the government have over the economy? Active government control of major economic sectors. Positive government action in the economy. Positive government action to support capitalism. Almost no regulation of the economy. What should the government promote? Economic equality, community. Economic security, equal opportunity, social liberty. Economic liberty, morality, social order. Total economic and social liberty