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No way. If anything, the compass represents both tactics and ideology. You could say that the x-axis represents the ideology (how equal you want society) and the y-axis the tactics (how much coercion should be involved).
What I said was that the compass is mixing up tactics and ideology (and doing it in a crude way--remember that the intention is to recruit for right-wing libertarians). So it has very similar ideologies grouped on opposite sides for no good reason.
It's not perfect. Politics isn't math, but it's better than the single-axis one.
What's better is to use the standard spectrum to describe ideology and then to add comments about tactics if necessary.