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Socialism and Communism. Warm-up. 1. What type of economic system is found in pure socialism? A. command B. traditional C. free enterprise 2. What is on either side of the “economic spectrum?”. Content Objective.

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Presentation Transcript
warm up
Warm-up

1. What type of economic system is found in pure socialism?

A. command

B. traditional

C. free enterprise

2. What is on either side of the “economic spectrum?”

content objective
Content Objective
  • Today I will be able to distinguish between capitalist, socialist and communist economic systems by constructing a double bubble thinking map.
capitalism
Capitalism
  • Advantages
    • Efficiency
    • Flexibility
  • Disadvantages
    • Are needs met?
    • Who builds roads?
    • Is it stable?
socialism
Socialism
  • Mostly government owned businesses
  • Most are democracies
socialism1
Socialism
  • Advantages
    • The unfortunate and unproductive still benefit from society
      • Healthcare, jobs, education, welfare
    • Leaders are elected
socialism2
Socialism
  • Disadvantages
    • Lacks efficiency
      • Why work hard?
      • Very high taxes
communism
Communism
  • Political and economic system
  • No private property
  • No free elections
philosophy of marx
Philosophy of Marx
  • “All history is the history of class struggle”
    • All history is a continuing story of conflict between the haves and the have-nots.
marxism
Marxism
  • Class differences disappear
  • All have equal access to
    • Food, shelter, clothing
    • Medical care
  • All receive full benefit from their labor
    • Factory owners no longer get rich on labor of workers
communism theoretically
Communism- Theoretically…
  • Everyone works for everyone’s good
  • Consume according to your needs
  • No prices or wages
  • Who would Marx’s ideas appeal to?
  • Who would be opposed to Marxism?
communism1
Communism
  • Advantages
    • No one’s ever fired
    • All needs provided
communism2
Communism
  • Disadvantages
    • No individual freedom
    • Little say in job selection
    • Not free to move
    • Equal pay
      • Shoddy production
exit ticket
Exit Ticket
  • In a double bubble map, compare and contrast capitalism, socialism, and/or communism.
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