Capitalism versus Socialism Capitalism 1 Private ownership of

Capitalism versus Socialism

Capitalism 1. Private ownership of property & means of production Socialism 1. The community or state owns property & the means of production

Capitalism 2. People follow self-interests Socialism 2. People cooperate for good of all

Capitalism 3. Businesses compete for consumer’s money Socialism 3. Believe capitalism takes advantage of the worker

Pizza Anyone? • Dominos Pizza • Papa John's Pizza • Pizza Hut Pizza

Capitalism Socialism 4. Businesses try to 4. The community produce or state must act goods/services to protect that are better & workers and less expensive consumers than competitors’

Capitalism 5. Consumers compete to buy the best goods at the lowest prices Socialism 5. Socialists believe that capitalism creates an unequal distribution of wealth

The Ultimate Price? • The Ultimate Price?

Capitalism 6. Consumer competition affects what businesses are able to sell Socialism 6. Rather than competition, goods should be distributed according to each person’s need

• • • Avalon (2005 -2010) Camry (2007 -2010) Corolla (2009 -2010) Highlander (2008 -2010) Matrix (2009 -2010) Prius (2004 -2010) RAV 4 (2009 -2010) Sequoia (2008 -2010) Tacoma (2005 -2010) Tundra (2007 -2010) Venza (2009 -2010)

Capitalism Socialism 7. Gov’t SHOULD NOT interfere in regulate the economy to protect workers & consumers

Capitalism v. Socialism • According to Karl Marx the economy is a major force for change • Change generally occurs through class struggle • The “HAVES” v. the “HAVE-NOTS”

Time Period The “Haves” The “Have-Nots” Egypt Pharaohs, priests, royal families, etc. Slaves, peasants India Upper castes: priests & rulers Lower castes: servants & slaves

Time Period The “Haves” The “Have-Nots” Middle Ages Nobles, landowners Peasants, serfs Age of Industry Middle Class (Bourgeoisie) Factory workers (Proletariat)

Capitalism v. Socialism • Throughout history the “HAVES”: • Control politics & government • Create & control culture

Capitalism v. Socialism • As a result of this influence on society the “HAVES” have historically kept their position on top of the social structure

Some Recent Statistics • It has been suggested that the recent financial crisis has led to an increase in support for Socialism in the United States… • Statistics…

Some Recent Statistics • 53% of American adults over the age of 30 believe CAPITALISM is better than SOCIALISM • Adults under the age of 30 are divided; 37% CAPITALISM; 33% SOCIALISM; 30% UNDECIDED

Capitalism v. Socialism • Pure Communism in Marx’s Vision: • ALL “HAVES” & NO “HAVE-NOTS”