Professional Documents
Culture Documents
SYSTEMS
• Socialism …
• Both an economic system and a political
way of thinking
• What does it say or preach?
• A nation’s wealth should be distributed to
everyone in a fair way. How can this be
done?
• Ownership in Socialism –
• Ownership of most of the means of
production is public rather than private.
The government, not the individual is the
center of the economy
Gov’t Econ
“ You have two cows. The government takes them and puts them in a barn
with everyone else’s cows, then gives you as much milk as it thinks you need.”
• Based on the idea of cooperation and
social responsibility
Socialism
• Equality
• The ideas is not just political equality
but social and economic as well.
Government
Communism
“You have two cows. Your neighbors help you take care of
them, and everyone shares the milk.”
Imagine – John Lennon
Imagine
Cartoon Ronald Reagan implements Socialism - YouTube
• Capitalism-
• Socialism-
• Communism-
Principle of Operation?
• FREE ENTERPRISE/COMPETITON
• FAIR DISTRIBUTION OF WEALTH
• CENTRAL/GOV’T CONTROL
• Capitalism-
• Socialism –
• Communism-
Choice of Work?
– OPEN/FREE CHOICE
– REGULATED
• Capitalism-
• Socialism –
• Communism-
Government Involvement?
• GOV’T OWNS BASIC INDUSTRIES/PROVIDES SOCIALSERVICES
• GOV’T OWNS ALL INSUSTRIES
• GOV’T INVOLVEMENT KEPT TO A MINIMUM
• Capitalism-
• Socialism –
• Communism-
Amount of Competition?
– COMPETITON IS LIMITED
– COMPETTITON IS PROMOTED
– THERE IS NO COMPETTITON
• Capitalism-
• Socialism –
• Communism-
Promoters of Economic System?
• Karl Marx
• Adam Smith
• Capitalism
• Con
– Competition leads to winners and losers
– Not all succeed
Socialism
• Pro
– All share equally the benefits of production
– No winners and losers
• Con
– No competition - efficiency goes down
– High taxes
Communism
• Pro
– Full employment
– citizens get what they need
• Con
– Gov’t decides rewards
– Few luxuries
Article
• Cuba Pins Hopes on New Farms Run For Profit,
Washington post, 2009
Article
• Cuba To Cut State Workers in Tilt
Towards Free Market, Sept, 2010