• Key Differences? – Language… – Governmental systems and Revolutions… – Individual vs. Group… – Work Ethic… • With your partner, play rock, paper, scissors. • Each time you lose, give your opponent a Hershey’s Kiss. • Once one of you has lost all of your kisses, sit down. • How did you feel at the start of the game? • How did you feel when you ran out of candy and had to sit down? • What tactics could you have used to get back into the game? (Steal, bargain, buy someone off, lie) • Was the game fair? • What could the teacher have done to make it fair and should he do it? • Read the short excerpt on the three economic systems Karl Marx, Father of Socialism & Communism Adam Smith, Father of Modern Capitalism • When we first played we saw the following: – Private ownership of industry • You all started with their own candy – There was freedom of competition • You all played rock, paper, scissors – Result was unequal economic classes • some of you won, most lost • Key industries (transportation, power plants, mining, etc.) are owned by the government (private ownership of other things) • Government uses its resources to provide jobs for as many people as possible and keep prices low • The government should keep things fair • I’ve decided we should be socialist and I am the GOVERNMENT and I am going redistribute the candy equally. – Government ownership of industry • I collected candy – Goal is to bring economic equality • I redistributed candy equally – Aims for a classless society • You now all have the same amount of candy • Workers own the means of production (example: miners own the coal mine) and make decisions about production • No private ownership of land, businesses, etc. • People will want what’s best for everyone, so they will make fair decisions • Based on what you know, who wants to play again?!? – Goal of classless society achieved • Students would refuse to play game again and choose to share candy – No government needed • I would no longer need to supervise. • CAPITALISM You have two cows. You sell one and buy a bull. • CAPITALISM — AMERICAN You have two cows. You sell one of them, and buy a bull. The cow and bull have a great love life; you sell the movie rights to Hollywood. Then you go into real estate. • COMMUNISM You have two cows. The government takes both cows. The government sells the milk in government stores. You can’t afford the milk. You wither away. • SOCIALISM You have two cows. The government takes them and puts them in a barn with everyone else’s cows. You have to take care of all the cows. The government gives you as much milk as you need.