Capitalism, Socialism, Communism*

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• 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.
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