1. Political-Economy https://www.youtube.com/watch?v=T-gqMpZroy8

2. Source: Odd Stuff Magazine

3. Political Economy Capitalism Profit Driven Competition
Private Ownership
Profit Driven
Competition
Values economic freedom
Tolerates societal inequality

4. Karl Marx and Capitalism
Capitalism emerged and grew during industrialization
Bourgeoise Class - profit motive
Proletariat Class – better wages and working conditions
Competing interests create class conflict
Marx advocated for a classless society: communism
Marx is viewed as father of conflict theory in sociology

5. Political Economy Socialism No Profit No Competition
Public Ownership - Central Planning
No Profit
No Competition
Values societal equality
Tolerates economic restriction

6. Mixed Economies and Globalization
State-Welfare Capitalism
Democratic Socialism
Corporate Capitalism
Transnational Corporations
Functionalism
Conflict Theory

7. Who Rules the United States?
Functionalism
Pluralism
Diffusion of power
Conflict Theory
Power Elite or Ruling Class
Concentration of power

8. Economic-Political Data Analysis
GDP factbook/rankorder/2001rank.html?countryname=United%20States&countrycode=us&regionCode=noa&rank=2#us
Federal Debt
A Trillion Dollars

10. Federal spending in 2018 - $4.09 Trillion,
Federal receipt – 3.64 Trillion (usgovernmentspending.com)

12. Source: U.S. Census