Charlie Chaplin Modern Times http://www.youtube.com/watch?v=MHdmaFJ6W6M http://www.youtube.com/watch?feature=endscreen&v=kujc_IZX404&NR=1 What is Charlie Chaplin saying about industrialization in this movie?

Capitalism, Socialism & Communism Effects of the Industrial Revolution

Capitalism Adam Smith Laissez-Faire economics “Hands-off” Invisible Hand Theory: “Demand Economy” Private ownership and profit Business should compete Growing gap between the rich and the poor

Drawbacks of capitalism

Some began to question capitalism because of the terrible working conditions and exploitation of the people

Class tension  Rich vs. Poor  Income gap Exploitation of the workers Poor working conditions  Long hours, little pay Greed and corruption?

SOCIALISM Command economy: No private ownership Charles Fourier Saint Simon Command economy: No private ownership  Government controls production  Government controls distribution and costs Goal: Eliminate the income gap  Government takes action to create equality  All are workers, none are owners Popular among the poor, working class

Drawbacks of socialism Effort is not rewarded  Lazy workers earn as much as hard-workers. Personal freedom is limited Gov’t determines how much is made, how much it costs, & how much one can have. Socialism usually leads to harsh dictatorship Bad economic planning by the gov’t - supply often does not meet demand

An extreme reaction to Capitalism https://www.youtube.com/watch?v=Qra0hlO6hZk&list=PLFA18FA326D9C9018 An extreme reaction to Capitalism

Karl Marx The Father of Communism Responding to growing gap between the rich and the poor Saw two social classes in society Bourgeoisie: The haves: upper middle class and wealthy factory owners Proletariat: The have nots: working class Marx saw the bourgeoisie growing wealthy off the backs of the proletariat Society is doomed…….

The Communist Manifesto 1848 “All history is a class struggle” “Workers of the world, unite!” “From each according to his ability, to each according to his need” Karl Marx and Friedrich Engels wealthy abused the poor Indus. Rev. was bad, it caused gap between the classes to grow Predicted that the proletariat would overthrow the bourgeoisie

A revolution to a Classless Society Common ownership of wealth. Common ownership of business. Everything is shared. Proletariat would take control of the means of production (capital, factories, etc.) Set up a classless society No reason for government- the government would eventually wither away Class conflict will not exist; no need for regulation Communism begins with socialism. A true communist state has never existed.

Marx inspired Vladimir Lenin, Russia 1917 Mao Zedong, China 1949 Fidel Castro, Cuba 1959 Ho Chi Minh, Vietnam 1960s Kim Il Sung, North Korea

we need a classless society Capitalism Marxism Laissez-faire Government should not interfere Self-
Interest we need a classless society labor of workers creates profit for employers we need to have the rich/poor gap Workers are exploited need to eliminate the rich/poor gap bourgeoisie consumers compete with one another businesses should compete with one another