1. Focus 10/17
In 1848, Karl Marx and Friedrich Engels wrote the Communist Manifesto. In this writing, they predicted the proletariat would eventually rise up, overthrow the capitalist system and create a classless society. The proletariat would than take over the means of production.
Points for Discussion: Why would someone reject capitalism?
Critical Lens: Capitalism, by it’s nature, produces some degree of poverty.
Term to Know: Proletariat

2. Competing Philosophies of the Industrial Revolution

3. Competing Philosophies
Adam Smith supported laissez faire economics, in which consumers dictated the economy

4. Competing Philosophies
Laissez-faire capitalism – businesses cooperate with little government regulations

5. Competing Philosophies
Thomas Malthus – believed population would grow faster than food supply, so government should not help the poor

6. Competing Philosophies
Social Darwinism – idea that people who succeeded in business were more “fit” than others

7. Competing Philosophies
Social Darwinism led to an increase in imperialism and racism

8. Competing Philosophies
Socialism concentrated less on the interests and rights of individuals, but more and the interests of society as a whole

9. Competing Philosophies
Utopian Socialists, like Robert Owen of Scotland, tried to create self-sufficient communities where all property would be shared

10. Competing Philosophies
Marxist Socialism – Karl Marx and Friedrich Engels write The Communist Manifesto

11. Competing Philosophies
Marx encouraged the workers (Proletariat) of the world to unite and take control of the means of production

12. Competing Philosophies
Beliefs of Marx as written in Communist Manifesto
Proletariat is taken advantage of by capitalists
Proletariat would rise up against capitalists
Proletariat would create a classless society where all workers would control means of production

13. Competing Philosophies
Capitalism (Adam Smith) vs. Socialism (Karl Marx)

14. Competing Philosophies

15. Closure
Pick a side!!!!!
In a persuasive paragraph, convince me to become either a capitalist or a socialist.