ISM’S IN POLIT

ICAL ECONOMY

ISM’S IN POLIT

ICAL ECONOMY

Alejandro Valentin

Ferry

CAPITALISMCOMMUNISMSOCIALISM

CAPITALISM

Just do what you what you are doing, I will protect you! government

•Adam Smith, •David Ricardo, •Milton Friedman, • Fredrich Hayek, •Ayn Rand

PROPONENTS

PERSPECTIVE

Supplies New gadgets , appliances and luxuries that arouses envy to the

people who cannot afford them and inspire ceaseless obsession to those who already own

too much (Richard Layard)

SOCIALISM

A theory or system of social

organization based on the

holding of most property in

common, with actual ownership ascribed to the

workers

Robert Owen, Pierre Leroux, Karl Marx,Fredrick Engels, John Stuart Mill, Albert Einstein, George Bernard Shaw, Leo Tolstoy, Emma Goldman

PROPONENTS

Wealth redistributed so that everyone in society is

given somewhat equal shares of the benefits

derived from labor, but people can earn more if

they work harder. Means of production are controlled

by the workers themselves.

WHAT IS IN IT?

………A theory or system of social organization based on the holding of all property in common, with actual ownership ascribed to the community or state

COMMUNISM