Key Differences? – Language… – Governmental systems and Revolutions… – Individual vs. Group… – Work Ethic…

With your partner, play rock, paper, scissors. Each time you lose, give your opponent a Hershey’s Kiss. Once one of you has lost all of your kisses, sit down.

How did you feel at the start of the game? How did you feel when you ran out of candy and had to sit down? What tactics could you have used to get back into the game? (Steal, bargain, buy someone off, lie) Was the game fair? What could the teacher have done to make it fair and should he do it?

Read the short excerpt on the three economic systems

Adam Smith, Father of Modern Capitalism Karl Marx, Father of Socialism & Communism

When we first played we saw the following: – Private ownership of industry You all started with their own candy – There was freedom of competition You all played rock, paper, scissors – Result was unequal economic classes some of you won, most lost

Key industries (transportation, power plants, mining, etc.) are owned by the government (private ownership of other things) Government uses its resources to provide jobs for as many people as possible and keep prices low The government should keep things fair

I’ve decided we should be socialist and I am the GOVERNMENT and I am going redistribute the candy equally. – Government ownership of industry I collected candy – Goal is to bring economic equality I redistributed candy equally – Aims for a classless society You now all have the same amount of candy

Workers own the means of production (example: miners own the coal mine) and make decisions about production No private ownership of land, businesses, etc. People will want what’s best for everyone, so they will make fair decisions

Based on what you know, who wants to play again?!? – Goal of classless society achieved Students would refuse to play game again and choose to share candy – No government needed I would no longer need to supervise.

CAPITALISM You have two cows. You sell one and buy a bull. CAPITALISM — AMERICAN You have two cows. You sell one of them, and buy a bull. The cow and bull have a great love life; you sell the movie rights to Hollywood. Then you go into real estate.

COMMUNISM You have two cows. The government takes both cows. The government sells the milk in government stores. You can’t afford the milk. You wither away.

SOCIALISM You have two cows. The government takes them and puts them in a barn with everyone else’s cows. You have to take care of all the cows. The government gives you as much milk as you need.