1. Capitalism v. Communism

2. Karl Marx & Friedrich Engels
Together wrote The Communist Manifesto (1847); statement of aims of Communist Party.
Marx: father of Communism; followers called Marxists.
Marx and Engels studied the history of world’s economics (way power, industry and finances are controlled).
Saw countries developed in stages.

3. Stage 1: Primitive Communism
How humans first lived together: tribes.
Primitive = basic
Communism = shared (food, jobs, belongings)
No one owned land… for a while, until a group comes to power – leads to Feudalism.

4. Stage 2: Feudalism King or emperor becomes ruler of all people
People left uneducated and told God chose the king to rule; church backs up king.
King gives land and privileges to “nobles” who rule the people for him.
Trade develops: some people get richer – leads to Capitalism.

5. Stage 3: Capitalism
Business owners get richer as workers do all the hard work (labor).
Creates large working class who become angry.
Working class organizes and demands change (revolution) – leads to Socialism.

6. Stage 4: Socialism
In Socialist revolution, all rulers (kings, churches, capitalists) are eliminated.
Workers take control of country to produce things for everyone.
Because nothing made for profit, all people benefit from education and health.
These ideas spread across the world to create – Communism.

7. Stage 5: Communism Everybody works together for benefit of everyone.
No war, military, police; no money, social classes, state.

8. What is Communism?
Social, political, and economic system in which goods are owned in common and available to all.

9. What is Capitalism?
Economic and political system based on private ownership and on investment of money in business in order to make profit.

10. What is Imperialism?
An unequal economic, cultural, and territorial relationship between states based on domination and subordination.

11. What is Oppression?
The exercise of authority or power in a burdensome, unjust or cruel manner.

12. Communism Advantages: Everyone gets something (equal) No unemployment
Healthcare for all citizens
Cooperation of the people (work for benefit of country)
Disadvantages:
Abuse of power
Restrictions (no freedom of speech, press, religious practice)
Censorship
Against ethnic diversity
Government controls property
Individual doesn’t compete

13. Capitalism Advantages: Individuals can own property
Individuals can prosper/compete for wages
Freedom of speech, press, religion
Individual work has value
Diversity has value
Disadvantages:
Poverty
Lack of healthcare for all
Monopolies: control too much business
Inequalities (rich/poor; haves/have nots)