Let’s Play…Capitalism, or Communism?!

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Presentation transcript:

Let’s Play…Capitalism, or Communism?!

Scenario 1 Ivan owns his own home and has a small pizza business.

Explanation In a capitalist system resources are owned by individuals or businesses

Scenario 2 Mike has been waiting in line to get his yearly ration book so he can got get some cereal.

Explanation In a communist system a government plans for how all goods and resources will be allocated (distributed).

Scenario 3 Terrell is dragging this morning…he knows no matter how hard he works at the factory, he won’t get a raise unless everyone else does.

Explanation In a communist system, income is determined by central planners in the government.

Scenario 4 Giovanni is upset because his father did not come home with the new Xbox 720, even though his dad waited in line at the store the night before, there were actually people crazy enough to have camped out for a week!

Explanation In a capitalist system, the allocation (distribution) of goods and resources is determined by market forces (supply and demand)

Scenario 5 Burt has been up all night crying; he has just been told that he will be leaving his farm to go work in a government run factory.

Explanation In communist system, workers are employed by the government or government-controlled collectives.

Scenario 6 Chad is stopping off at the store on his way home to get a bottle of “bubbly” because he has just earned a promotion by inventing a new I Phone App

Explanation In a capitalist system income is based on market forces that reward productivity and ownership of economic resources.

Scenario 7 Carli went shopping at the state-run cooperative grocery store on her way home to her government-owned apartment shared with two other families.

Explanation In a communist system, most property and resources are owned by the government.

Scenario 8 Susan wants to buy some make up at the drug store but when she arrives there is only one item available, a red lipstick

Explanation In a communist system, the production of goods is decided by the state. Goods that are considered unnecessary are not produced

Scenario 9 Mark is bored by the TV channels, all channels are running the same state sponsored ads and shows

Explanation In a communist system, the government controls the media and what is shown on tv

Scenario 10 Bill breaks his leg on the job and waits a long time to receive medical care at the hospital. When he leaves the hospital, he does not have a bill

Explanation In a communist system healthcare is provided for citizens but can be of a lower standard and often results in long wait times for service

Scenario 11 In the capitol city where Drew lives, over 15% of minorities are unemployed

Explanation In a capitalist system, everyone is NOT guaranteed a job so when the economy is though, people are out of work