Capitalism Capitalism versus versus Socialism Socialism
Feb 25, 2016
Capitalism Capitalism versus versus
SocialismSocialism
CapitalismCapitalism SocialismSocialism1.1. Private Private
ownership of ownership of property & property & means of means of productionproduction
1.1. The The community or community or state owns state owns property & the property & the means of means of productionproduction
CapitalismCapitalism SocialismSocialism2.2. People follow People follow
self-interestsself-interests2.2. People People
cooperate for cooperate for good of allgood of all
CapitalismCapitalism SocialismSocialism3.3. Businesses Businesses
compete for compete for consumer’s consumer’s moneymoney
3.3. Believe Believe capitalism capitalism takes takes advantage of advantage of the workerthe worker
•Dominos Pizza
•Papa John's Pizza
•Pizza Hut Pizza
Pizza Anyone?Pizza Anyone?
CapitalismCapitalism SocialismSocialism4.4. Businesses try Businesses try
to produce to produce goods/services goods/services that are better that are better & less & less expensive than expensive than competitors’competitors’
4.4. The The community or community or state must act state must act to protect to protect workers and workers and consumersconsumers
CapitalismCapitalism SocialismSocialism5.5. Consumers Consumers
compete to compete to buy the best buy the best goods at the goods at the lowest priceslowest prices
5.5. Socialists Socialists believe that believe that capitalism capitalism creates an creates an unequal unequal distribution of distribution of wealthwealth
• The The Ultimate Ultimate Price? Price?
The Ultimate The Ultimate Price?Price?
CapitalismCapitalism SocialismSocialism6.6. Consumer Consumer
competition competition affects what affects what businesses are businesses are able to sellable to sell
6.6. Rather than Rather than competition, competition, goods should goods should be distributed be distributed according to according to each person’s each person’s needneed
• Avalon (2005-2010)Avalon (2005-2010)• Camry (2007-2010)Camry (2007-2010)• Corolla (2009-2010)Corolla (2009-2010)• Highlander (2008-2010)Highlander (2008-2010)• Matrix (2009-2010)Matrix (2009-2010)• Prius (2004-2010)Prius (2004-2010)• RAV4 (2009-2010)RAV4 (2009-2010)• Sequoia (2008-2010)Sequoia (2008-2010)• Tacoma (2005-2010)Tacoma (2005-2010)• Tundra (2007-2010)Tundra (2007-2010)• Venza (2009-2010)Venza (2009-2010)
CapitalismCapitalism SocialismSocialism7.7. Gov’t SHOULD Gov’t SHOULD
NOT interfere NOT interfere in the in the economyeconomy
7.7. Gov’t SHOULD Gov’t SHOULD regulate the regulate the economy to economy to protect protect workers & workers & consumersconsumers
Capitalism v. Capitalism v. SocialismSocialism
• According to Karl Marx the According to Karl Marx the economy is a major force for economy is a major force for changechange
• Change generally occurs Change generally occurs through class strugglethrough class struggle
• The “HAVES” v. the “HAVE-The “HAVES” v. the “HAVE-NOTS”NOTS”
Time Time PeriodPeriod
The The ““Haves”Haves”
The The ““Have-Nots”Have-Nots”
EgyptEgyptPharaohs, Pharaohs,
priests, royal priests, royal families, etc.families, etc.
Slaves, Slaves, peasantspeasants
IndiaIndia Upper castes: Upper castes: priests & priests &
rulersrulers
Lower castes: Lower castes: servants & servants &
slavesslaves
Time Time PeriodPeriod
The The ““Haves”Haves”
The The ““Have-Nots”Have-Nots”
MiddleMiddleAgesAges
Nobles, Nobles, landownerslandowners
Peasants, Peasants, serfsserfs
Age of Age of IndustrIndustr
yy
Middle Class Middle Class (Bourgeoisie)(Bourgeoisie)
Factory Factory workers workers
(Proletariat)(Proletariat)
Capitalism v. Capitalism v. SocialismSocialism
• Throughout history the Throughout history the “HAVES”:“HAVES”:
• Control politics & Control politics & governmentgovernment
• Create & control Create & control culture culture
Capitalism v. Capitalism v. SocialismSocialism
• As a result of this As a result of this influence on society influence on society the “HAVES” have the “HAVES” have historically kept historically kept their position on top their position on top of the social of the social structure structure
Some Recent Some Recent StatisticsStatistics
• It has been suggested that the It has been suggested that the recent financial crisis has led to recent financial crisis has led to an increase in support for an increase in support for Socialism in the United States…Socialism in the United States…
• Statistics…Statistics…
Some Recent Some Recent StatisticsStatistics
• 53% of American adults over the 53% of American adults over the age of 30 believe CAPITALISM is age of 30 believe CAPITALISM is better than SOCIALISMbetter than SOCIALISM
• Adults under the age of 30 are Adults under the age of 30 are divided; 37% CAPITALISM; 33% divided; 37% CAPITALISM; 33% SOCIALISM; 30% UNDECIDEDSOCIALISM; 30% UNDECIDED
Capitalism v. Capitalism v. SocialismSocialism
• Pure Communism in Marx’s Pure Communism in Marx’s VisionVision::
• ALL “HAVES” & NO “HAVE-NOTS”ALL “HAVES” & NO “HAVE-NOTS”