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Socialism and Communism

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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Socialism and Communism

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  1. Socialism and Communism

  2. 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?”

  3. Content Objective • Today I will be able to distinguish between capitalist, socialist and communist economic systems by constructing a double bubble thinking map.

  4. Capitalism • Advantages • Efficiency • Flexibility • Disadvantages • Are needs met? • Who builds roads? • Is it stable?

  5. Socialism • Mostly government owned businesses • Most are democracies

  6. Socialism • Advantages • The unfortunate and unproductive still benefit from society • Healthcare, jobs, education, welfare • Leaders are elected

  7. Socialism • Disadvantages • Lacks efficiency • Why work hard? • Very high taxes

  8. Communism • Political and economic system • No private property • No free elections

  9. 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.

  10. 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

  11. 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?

  12. Communism • Advantages • No one’s ever fired • All needs provided

  13. Communism • Disadvantages • No individual freedom • Little say in job selection • Not free to move • Equal pay • Shoddy production

  14. Exit Ticket • In a double bubble map, compare and contrast capitalism, socialism, and/or communism.

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