1. 10/22/13
“Communism”
When you hear the words “communism” or “socialism,” what comes to your mind?
Oh look! Enough candy for 3 days of class! Take some for today, but do not eat them yet.

2. 10/22/13
“Communism”
When you hear the words “communism” or “socialism,” what comes to your mind?

3. 10/22/13
Econ. Agenda
Due yesterday: F.B. Quests (edited) & Basic Econ. Theories wksht.
Karl Marx’s Theory of Communism (class notes)
Capitalism vs. socialism vs. communism
Rock, Paper, Scissors game – with candy!
HW: RPS game reflection questions

4. German economic philosopher
Karl Marx ( )
German economic philosopher

5. In the 1800’s, Marx witnessed the uncontrolled capitalism of the Industrial Revolution…
Private ownership of industries & companies
No government regulation
Freedom of competition for profit
Results in unequal economic classes (rich & poor; winners & losers)

6. Marx argued that such capitalist systems would inevitably result in class struggle between the rich and the working classes.
VS.
Owners of industry
(The Rich)
The workers
(proletariat)

7. The inevitable result of this class struggle, Marx thought…
…would be a worker’s revolt.

8. In 1848, Marx and Frederich Engels published The Communist Manifesto, in which they stated their ideas, namely that the proletariat (working class) would eventually rise up and defeat the wealthy capitalists.

9. Once the proletariat came into power, Marx thought, they would create a new economic system, called…
SOCIALISM:
Government owns and runs industries & companies
“Profits”/taxes go to the govt. 
Resources would be distributed equally by the govt.
Goal is economic equality & a classless society

10. Eventually, Marx thought the need for government would fade away because everyone would live by sharing their resources, striving for equality rather than for greed and profit.

11. -----> COMMUNISM: Classless/equal society is achieved
Marx envisioned this final goal of a worker’s revolution as…
----->
Worker’s revolt
COMMUNISM:
Classless/equal society is achieved
No government needed to enforce rules

12. Rock, Paper, Scissors Game
Each person gets candy
Class has 7 minutes to play RPS with as many people as possible
Winner gets one piece of losers’ candy

13. Rock, Paper, Scissors Game
When you run out of candy, you must sit down on left side of room & discuss these questions:
How do you feel now that you have run out of candy?
Was this game fair? Why or why not?
How could you get back in the game?
How do you propose to make the game more equal?

14. Rock, Paper, Scissors Game
How do you feel now that the game is over?
Do you think this game was fair? Why or why not?
What action could Harrison take to make the game more equal? Should he do so? Why or why not?

15. Rock, Paper, Scissors Game
How do you feel now? Was this action fair? Why or why not?

16. Communist Theory of Karl Marx
Marxist Theory
Rock, Paper, Scissors Game
CAPITALISM
Private ownership of industry
Freedom of competition
Results in unequal economic classes
CAPITALISM
Started with your own candy
Played Rock, Paper, Scissors
Some won, some lost

17. Communist Theory of Karl Marx
Marxist Theory
Rock, Paper, Scissors Game
CLASS STRUGGLE
Upper class & working class struggle over wealth
WORKERS REVOLT
Working class carries out plan to overtake upper classes
CLASS STRUGGLE
Discussed how winners and losers felt
WORKERS REVOLT
Planned to get candy back (stealing?) & argued about game’s fairness

18. Communist Theory of Karl Marx
Marxist Theory
Rock, Paper, Scissors Game
SOCIALISM
Govt. ownership of industry
Goal is economic equality
Aims for classless society
SOCIALISM
Harrison (govt.) collected candy
Harrison redistributed equally
Equal amount of candy for all!

19. Communist Theory of Karl Marx
Marxist Theory
Rock, Paper, Scissors Game
COMMUNISM
Classless society achieved; no more competition for profit
No government needed
COMMUNISM
Students would refuse to play again & choose to share candy equally
Harrison would no longer need to supervise

20. HW: Answer in complete sentences
What are the major differences between capitalism, socialism, & communism?
Based on this activity, what are some advantages of a socialist society? What are some disadvantages? Who might support socialism & who might not?
For each economic system below, choose the economic theory that most closely aligns with it (Keynesian or Trickle-Down), and explain why you think so.
Socialism: Capitalism:

21. Based on this activity, what are some advantages of a socialist society? What are some disadvantages?
 ADVANTAGES DISADVANTAGES

22. Keynesian or Trickle-Down & why?
 Socialism Capitalism