Socialism and Communism

1. What type of economic system is found in pure socialism?A. commandB. traditionalC. free enterprise

2. What is on either side of the “economic spectrum?”

Warm-up

Today I will be able to distinguish between capitalist, socialist and communist economic systems by constructing a double bubble thinking map.

Content Objective

AdvantagesEfficiencyFlexibility

DisadvantagesAre needs met?Who builds roads?Is it stable?

Capitalism

Mostly government owned businesses

Most are democracies

Socialism

AdvantagesThe unfortunate and unproductive still benefit from societyHealthcare, jobs, education, welfare

Leaders are elected

Socialism

DisadvantagesLacks efficiencyWhy work hard?

Very high taxes

Socialism

Political and economic systemNo private propertyNo free elections

Communism

Philosophy of Marx“All history is the history of class struggle”All history is a continuing story of conflict between the haves and the have-nots.

MarxismClass differences disappearAll have equal access to

Food, shelter, clothingMedical care

All receive full benefit from their laborFactory owners no longer get rich on labor of workers

Everyone works for everyone’s good

Consume according to your needs

No prices or wages

Communism- Theoretically…

•Who would Marx’s ideas appeal to?•Who would be opposed to Marxism?

AdvantagesNo one’s ever firedAll needs provided

Communism

DisadvantagesNo individual freedom

Little say in job selection

Not free to move

Equal payShoddy production

Communism

In a double bubble map, compare and contrast capitalism, socialism, and/or communism.

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