Competing Economic Systems

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Presentation transcript:

Competing Economic Systems Communism Socialism Fascism Capitalism

Communism Country Used As Example Soviet Union (USSR) (Russia)

Communism Owner of the Means of Production Government As the voice of the people

Communism Government Role in the System Owns, distributes, plans, allocates

Communism Role of Individual in System Works for the benefit of the whole society

Communism Assumptions About Political System More important: Equality Economic security Less important Voting Freedom of expression Personal freedom

Communism Definition of “Human Rights” Right to eat, to survive, to be seen as an equal

Socialism Country Used as Example Britain (England) (U.K.)

Socialism Owner of Means of Production Government owns much Especially the big industries Individuals own some Especially smaller businesses

Socialism Role of Government Owns & Controls some of economy Regulates other parts heavily

Socialism Role of Individual Some room for personal profit But also has obligation to work for good of society

Socialism Assumptions About Political System More personal freedom than in Communism, less than in Capitalism Less emphasis on economic security than in Communism, more than in Capitalism

Socialism Definition of “Human Rights” Involves both right to eat, survive, be secure with rights to vote, and have personal freedom

Fascism Country Used as Example Germany and Italy

Fascism Owner of Means of Production Individuals own & get the profit

Fascism Government Role in System Ultimate decision maker in all affairs Ultimate decider of allocation of resources

Fascism Role of Individual in System Profit OBEY!!!

Fascism Assumptions About Political System Individual rights not important Government to have total control Usually a police state

Fascism Definition of “Human Rights” “Human rights” not very important Strength of the nation is the overall goal

Capitalism Country Used as Example The United States

Capitalism Owner of the Means of Production Mostly individuals

Capitalism Role of Government in System Largely stays out (“laissez-faire”) Possibly some regulation

Capitalism Role of Individual in System Mostly to pursue individual interests and profit

Capitalism Assumptions About Political System Less important: Equality Economic security More important Voting Freedom of expression Personal freedom

Capitalism Definition of “Human Rights” Defined as the right of an individual to do more or less what s/he wishes to do Freedom of choice, expression, voting, etc.