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Capitalism versus Socialism

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Presentation on theme: "Capitalism versus Socialism"— Presentation transcript:

1 Capitalism versus Socialism

2 Capitalism Socialism Private ownership of property & means of production The community or state owns property & the means of production Means of production: refers to physical, non-human, inputs used in production including factories, machines, tools and natural resources – TOOLS NECESSARY TO RUN AN INDUSTRY

3 Capitalism Socialism People follow self-interests
People cooperate for good of all Law of Self-Interest: As a human being, you’re going to do what’s good for you; not necessarily what’s good for the community…

4 Capitalism Socialism Businesses compete for consumer’s money
Believe capitalism takes advantage of the worker Pizza Example: Domino’s v. Papa John’s v. Pizza Hut

5 Pizza Anyone? Dominos Pizza Papa John's Pizza Pizza Hut Pizza

6 Capitalism Socialism Businesses try to produce goods/services that are better & less expensive than competitors’ The community or state must act to protect workers and consumers

7 Capitalism Socialism Consumers compete to buy the best goods at the lowest prices Socialists believe that capitalism creates an unequal distribution of wealth Examples: Amazon, eBay, etc.

8 The Ultimate Price? The Ultimate Price?

9 Capitalism Socialism Consumer competition affects what businesses are able to sell Rather than competition, goods should be distributed according to each person’s need Current Example: Toyota

10 Avalon ( ) Camry ( ) Corolla ( ) Highlander ( ) Matrix ( ) Prius ( ) RAV4 ( ) Sequoia ( ) Tacoma ( ) Tundra ( ) Venza ( )

11 Capitalism Socialism Gov’t SHOULD NOT interfere in the economy
Gov’t SHOULD regulate the economy to protect workers & consumers

12 Capitalism v. Socialism
According to Karl Marx the economy is a major force for change Change generally occurs through class struggle The “HAVES” v. the “HAVE-NOTS”

13 Pharaohs, priests, royal families, etc. Slaves, peasants
Time Period The “Haves” “Have-Nots” Egypt Pharaohs, priests, royal families, etc. Slaves, peasants India Upper castes: priests & rulers Lower castes: servants & slaves

14 Middle Class (Bourgeoisie) Factory workers (Proletariat)
Time Period The “Haves” “Have-Nots” Middle Ages Nobles, landowners Peasants, serfs Age of Industry Middle Class (Bourgeoisie) Factory workers (Proletariat)

15 Capitalism v. Socialism
Throughout history the “HAVES”: Control politics & government Create & control culture

16 Capitalism v. Socialism
As a result of this influence on society the “HAVES” have historically kept their position on top of the social structure

17 Some Recent Statistics
It has been suggested that the recent financial crisis has led to an increase in support for Socialism in the United States… Statistics…

18 Some Recent Statistics
53% of American adults over the age of 30 believe CAPITALISM is better than SOCIALISM Adults under the age of 30 are divided; 37% CAPITALISM; 33% SOCIALISM; 30% UNDECIDED

19 Capitalism v. Socialism
Pure Communism in Marx’s Vision: ALL “HAVES” & NO “HAVE-NOTS”


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