Social revolutions of the 18th, 19th, and 20th century overthrew the majority[quotation needed] of present monarchies in favor of extra democratic governments and a rising middle class, in addition to of authoritarian regimes like the Soviet Union. AuthoritarianismIn authoritarian governments, the people have no energy or representation and it’s characterized by absolute or blind obedience to formal authority, as towards particular person freedom and related to the expectation of unquestioning obedience. The elite leaders handle all financial, military, and overseas relations.
Also known as a deliberate system, the command financial system is frequent in communist societies since manufacturing decisions are the preserve of the government. Watson and Higgott argue that practitioners of this method are steadily growing in number. In this second class they record Dani Rodrik , Paul Krugman and Joseph Stiglitz .
The authorities introduced the Sarbanes-Oxley compliance regulations of 2002. The social setting urged a change to … Read More