PPT-Capitalism, Socialism, and Communism

Industrial revolution spreads Rising Economic Powers are all industrial Each will want access and control over RAW MATERIALS and MARKETS raw materials Markets Q What might happen when industrial nations want what NONindustrial nations have What effect will the industrial vs NONindustrial tension have on the world. James R. Otteson. Joint Professor of Philosophy and Economics. Chairman, Department of Philosophy. Yeshiva University . Socialism:. cooperation, sharing, altruism, equality.. Capitalism: . competition, hoarding, selfishness, inequality.. Or . marx. , capitalism, socialism. . and communism. Marx – . german. theorist. STAGES OF HISTORY. FEUDALISM. CAPITALISM. REVOLUTION. SOCIALISM. COMMUNISM. FEUDALISM. Society functioned around agriculture. Industrial revolution spreads….. Rising Economic Powers are all industrial. Each will want access and control over RAW MATERIALS and MARKETS. raw materials: . Markets:. Q: What might happen when industrial nations want what NON-industrial nations have? What effect will the “industrial vs. NON-industrial tension” have on the world?. S. Todd. Capitalism vs. Communism. Capitalism. and . communism . are opposing schools of thought in . economics and politics. The central arguments in the communist/capitalist debate are about:. Economic equality . . Socialism, and. . Communism. Capitalism. “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” - Smith. Institutions, Evolution, Future. Introduction. DISCOVERING CAPITALISM. 1. . Distilling the essence. 2. . Social structure and individual motivation. 3. . Law and the state. 4. . Property, possession and contract. Industrial revolution spreads….. Rising Economic Powers are all industrial. Each will want access and control over RAW MATERIALS and MARKETS. raw materials: . Markets:. Q: What might happen when industrial nations want what NON-industrial nations have? What effect will the “industrial vs. NON-industrial tension” have on the world?. Understanding Economic Systems. Adapted from a presentation created by Mr. Blair. What standard of living do you hope to attain in life? How do you plan to accomplish this goal?. Warm Up Question #1. Industrial revolution spreads….. Rising Economic Powers are all industrial. Each will want access and control over RAW MATERIALS and MARKETS. raw materials: . Markets:. Q: What might happen when industrial nations want what NON-industrial nations have? What effect will the “industrial vs. NON-industrial tension” have on the world?. Understanding Economic Systems. Adapted from a presentation created by Mr. Blair. What standard of living do you hope to attain in life? How do you plan to accomplish this goal?. Warm Up Question #1. What is communism?. -. In this theory, socialism is when you’re on the way to communism. (Today, many people believe in socialist ideas without necessarily believing in communism). Some signs of socialism would be government owning of major private businesses (like banks); government owning of major public services (like hospitals and healthcare); and laws that make rich people contribute more taxes so that there isn’t a huge difference between rich and poor.. Two Foundational Propositions. Foundational Proposition of Critical Social Science. Many . forms of human suffering and many deficits in human flourishing are the result of existing institutions and social structures. . Paper > Rock. Scissors > Paper. Rock, Paper, Scissors!. DO NOT EAT YOUR CANDY.. You will play R/P/S with the person across from you, whoever wins gets one piece of candy from the loser. . After each round, we will rotate so that you will compete against a different person each round.. Why we need socialism.. . An introduction to socialism. What is capitalism?. Society’s means of production privately owned.. System driven by hunt for profit.. Source of wealth is the labor of working people..