Presentation on theme: "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."— Presentation transcript:
110/22/13“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.
210/22/13“Communism”When you hear the words “communism” or “socialism,” what comes to your mind?
310/22/13Econ. AgendaDue yesterday: F.B. Quests (edited) & Basic Econ. Theories wksht.Karl Marx’s Theory of Communism (class notes)Capitalism vs. socialism vs. communismRock, Paper, Scissors game – with candy!HW: RPS game reflection questions
4German economic philosopher Karl Marx ( )German economic philosopher
5In the 1800’s, Marx witnessed the uncontrolled capitalism of the Industrial Revolution… Private ownership of industries & companiesNo government regulationFreedom of competition for profitResults in unequal economic classes (rich & poor; winners & losers)
6Marx 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)
7The inevitable result of this class struggle, Marx thought… …would be a worker’s revolt.
8In 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.
9Once 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
10Eventually, 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 revoltCOMMUNISM:Classless/equal society is achievedNo government needed to enforce rules
12Rock, Paper, Scissors Game Each person gets candyClass has 7 minutes to play RPS with as many people as possibleWinner gets one piece of losers’ candy
13Rock, 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?
14Rock, 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?
15Rock, Paper, Scissors Game How do you feel now? Was this action fair? Why or why not?
16Communist Theory of Karl Marx Marxist TheoryRock, Paper, Scissors GameCAPITALISMPrivate ownership of industryFreedom of competitionResults in unequal economic classesCAPITALISMStarted with your own candyPlayed Rock, Paper, ScissorsSome won, some lost
17Communist Theory of Karl Marx Marxist TheoryRock, Paper, Scissors GameCLASS STRUGGLEUpper class & working class struggle over wealthWORKERS REVOLTWorking class carries out plan to overtake upper classesCLASS STRUGGLEDiscussed how winners and losers feltWORKERS REVOLTPlanned to get candy back (stealing?) & argued about game’s fairness
18Communist Theory of Karl Marx Marxist TheoryRock, Paper, Scissors GameSOCIALISMGovt. ownership of industryGoal is economic equalityAims for classless societySOCIALISMHarrison (govt.) collected candyHarrison redistributed equallyEqual amount of candy for all!
19Communist Theory of Karl Marx Marxist TheoryRock, Paper, Scissors GameCOMMUNISMClassless society achieved; no more competition for profitNo government neededCOMMUNISMStudents would refuse to play again & choose to share candy equallyHarrison would no longer need to supervise
20HW: 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:
21Based on this activity, what are some advantages of a socialist society? What are some disadvantages? ADVANTAGES DISADVANTAGES
22Keynesian or Trickle-Down & why? Socialism Capitalism