The Free Market…

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28 Οκτ 2013 (πριν από 3 χρόνια και 11 μήνες)

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Title = Good or
Bad Idea?


Good
or bad
idea? Why?


A
new tax is
passed by
Congress that
taxes people
earning more
than
400K
a
year an extra
amount


http://espn.go.c
om/espn/thelife
/salary/?athlete
Id=3708887


Title = IR
Toon


What
details
do you
notice in
this

cartoon
?
What
might be
the POV
of the
creator?







Examine the economic systems of Capitalism,
Socialism and Communism and how they work


A.
Capitalism

B.
Liberalism

C.
Socialism

D.
Communism



1.
Socio
-
Economic
Pyramid (taxes)



噥n

Diagram ⡇ov
in瑥rven瑩on






Democracy


Dictatorship




Background…


1700s during
Enlightenment


More popular in 1800s


Pioneers?



Principles and
Beliefs?




What do we
see
happening in
these
models?


Which model
would the
Capitalist like
most?


Spectrum…




What happens
to the pyramid,
Bill Gates and
the Gas Station
Worker?




Demand for goods higher
than ever…all classes


Materialistic culture
born (?)


Corporations

created


built with stock
-
holders


Monopolies (eh)

and
Trusts

form


What are they?




Charles
Darwin writes
a
book in
1859…


On the Origin
of
Species


What
the main
message

in
the book?


Natural
Selection


Survival
of
Fittest…


Joseph
Schumpeter and
Evolutionary
Economics (1911)


Macro
-
economic
equilibrium exists in
the free market


This equilibrium is
constantly being
destroyed by
innovations made
by entrepreneurs


New/Strong
companies survive


Weak/Outdated
companies die



Origins and background so far?


Enemy?


Why did it grow during the IR?


Economic and Political Liberalism…





Created by Jeremy
Bentham!!!!!!!!!!


1748
-
1832


Philosopher


Social and Political
Reformer


Abolitionist


anti
-
death penalty


animal rights


Equal rights for women


physical punishment


prison reform (
panopticon
)




laws
should be judged
by their “utility”


“Greatest Happiness
Principle”


Largest amount of
pleasure over pain


Goal of a law = greatest
good for the greatest
number of people


Slowly accepted in late
1800s and still used
today




Student of Bentham


On Liberty in
1859


The Individual should
have as much personal
liberty as possible


Freedom of Speech


Women’s Rights


Equal Education


Would believe in the
“Flat Tax” today


But Inheritance Tax too


What is it (main beliefs)


Who is Socialist today? Where does Socialism
exist the most today?




Socialists believe
Industrial Capitalism
is….


Why?



Socialism
says it is the
ideal
system…why?


looks out for everyone’s
well
-
being (
philosophe
?)


Early Socialists


Robert Owen and
Charles Fourier


The Free Market…what happens to it?


In a Democracy, how does this happen?


In a Dictatorship, how does this happen?


Capitalism? (1)


Just Ownership


Socialism? (3)


Ownership


Unions


Gov


In Socialism, is
Government on
the side of the
Ownership or
Workers?



Social Class
Pyramid…what happened to it?


Government and laws impact it…how


Taxes (progressive)


less distance between rich and poor




Socialism in Action…


Late 90s, fen
-
phen

was a
popular weight
-
loss drug.
The FDA allowed the
drug and then people
reported having heart
problems from the drug.
So the FDA forced the
drug off the market.


Phen
-
fen is made up of 2
drugs…now Pfizer is
remaking the drug with
the “good” half of it, and
not the bad half that
leads to heart problems




Socialist parties
emerge during
1800s


Where is it today?


All governments
pass some
“Socialist
” laws


Liberal Left


Any laws for
working
class/workers


Any laws that hurt
business or involve
government
“touching” the free
market


Environmental laws




Socialism can be seen on
a spectrum. You can
have very little Socialism
in your country, or you can
have complete Socialism,
or something in the
middle. On a scale of 0
-
10, where do you think the
US Government/Economy
currently exist? Also
decide where you want
the US
Government/Economy to
be. Try not to pick #5.
Explain why you think so
on your class’s blog page.






Title = Poster
Analysis


What
do you see
in this poster that
you have learned
about
already…think
geometrically


What is the
opinion expressed
in this poster?




Originator


Karl Marx (1818
-
1883)


German atheist
banned from
academics and
journalism


hated
Capitalism


prosperity for few


poverty for many




early 1840s
Marx
meets
Friedrich
Engels (1820
-
1895)


Their major
work
(with recipe)


Communist
Manifesto


A form of Socialism
that follows a
storyline that
includes
DRAMATIC,
USUALLY
VIOLENT
CONFLICT


Requires
a…


Want to guess the
storyline?


How should the
models look?


Gov
-
FM model


Socio
-
economic
pyramid?



“Haves
” (Oppressors)


own
the means
of
production


control society and its
wealth (PERSIAGM)


Bourgeois


“Have
Nots
” (Oppressed)


working class or

proletariat





A country is
Industrialized

and
Capitalist


Capitalism will
fail

(how) and
Marx’s
system will take
over from the
chaos


PES…Marxism is
the next step to
human progress


The proletariat
unite & overthrow capitalist
bourgeois




“The proletarians have
nothing to lose but their
chains. They have a
world to win. WORKING
MEN OF ALL
COUTRIES, UNITE
!”



“Dictatorship of the
Proletariat”


take
over control of
production…


create
classless
,
communist society


control economics
and politics of the
country


Thoughts?




In theory,
Democracy


no political/
gov

struggle


wealth shared by
Proletariat


no private property


Equality



Sounds like which
writer??


In reality,
Dictatorship


Communism is
an
economic system that
exists with Dictatorships
(examples?)


Russian Revolution 1917


Stalin and etc


China’s Communist
revolution 1940s


Mao Zedong


Castro in Cuba


Hugo Chavez in
Venezuela?




Who
likes it?


Who
dislikes
it?


Thought his theory was on natural laws of
humans…was it?


What did not happen?


no misery of proletariat worldwide


so
no world revolution


Proletariat’s conditions improved
ENOUGH by
governments (who
became….)


workers did not
unite over national
borders

to wage
class warfare


nationalism

was
stronger
…more unity
in country


only local revolutions like USSR, China,
Cuba…for now?




Communism and Marxism


Forms of Socialism…


State Socialism
vs

Market Socialism (China)


Scientific

Socialism (Marx and Engels)
vs

Utopian
Socialism


Reform
vs

Revolution


Anarchism!!! (No State! Stateless societies instead)


Democratic Socialism


Religious Socialism


Evolutionary

Socialism…


Capitalists
vs

Socialists
vs

Marxists