{ THE Economic System Capitalism, Socialism & Communism Liberty or Equality?
Capitalism and communism
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Economic Systems Economic Systems Capitalism, Utilitarianism, & Communism Capitalism, Utilitarianism, & Communism
Transcript of Capitalism and communism
Economic Economic SystemsSystems
Capitalism, Utilitarianism, & CommunismCapitalism, Utilitarianism, & Communism
CapitalismCapitalismQuestion Capitalism
Motto
Goal of this system
Why do the poor exist?
How do you help the poor?
What is the role of the government?
Key thinkers
“Greed is Good”
•Private ownership of business •Follow laws of supply and demand•Invest money to make money - profit
•Social Darwinism “Survival of the Fittest”
•Overpopulation
•There will always be poor•They must work hard •They must help themselves
•Hands-off! Laissez-Faire•No government involvement
•Adam Smith•Thomas Malthus•David Ricardo
Do Now:How does
this cartoon
reflect the basic
ideals of Capitalism
?
UtilitarianismUtilitarianismQuestion Utilitarianism
Motto
Goal of this system
Why do the poor exist?
How do you help the poor?
What is the role of the government?
Key thinkers
“Greatest good for the greatest number”
•Create the greatest happiness for the greater number of people•All things in society should be useful in making people happy
•Blame capitalism for not treating workers fairly•Blame monopolies and free capitalism
•Create laws that are useful and will promote happiness for the most people
•Create useful laws and actions that will correct abuses•Provide education, health services and right to vote
•Jeremy Bentham•John Stuart Mill
CommunismCommunismQuestion Communism
Motto
Goal of this system
Why do the poor exist?
How do you help the poor?
What is the role of the government?
Key thinkers
“All for one , one for all”
•To promote social equality and public ownership of all means of production that act for welfare for everyone
•Capitalists have taken advantage of workers•“Haves and Have-nots”•The wealthy controlled the means of production
History of Class History of Class StruggleStruggle
Haves and Have-Haves and Have-notsnots
Plebeians
PatriciansSerfs
LordsSlave
MasterWorkers
ManagementProletariat
Bourgeoisie Classless
Society
CommunismCommunismQuestion Communism
Motto
Goal of this system
Why do the poor exist?
How do you help the poor?
What is the role of the government?
Key thinkers
“All for one , one for all”
•To promote social equality and public ownership of all means of production that act for welfare for everyone
•Capitalists have taken advantage of workers•“Haves and Have-nots”•The wealthy controlled the means of production
•Have a revolution against the bourgeoisie•The Proletariat will revolt and seize the means of production
•Control all means of production and make all economic decisions•Prohibit private property
•Karl Marx•Friedrich Engels•Robert Owen
How do the lyrics of the song reflect the ideals of a Communist society?
SongSong
