socialism.ppt socialismsocialismsocialism

socialism socialism

1. Cartoon Ronald Reagan implements Socialis
m – YouTube
https://www.youtube.com/watch?
v=YEa8DpheXkM

4. Time for the Quiz

5. Ownership of Property?
- PUBLIC/GOV’T
- PRIVATE/INDIVIDUAL
- BOTH
Capitalism-
Socialism-
Communism-

6. Principle of Operation?
FREE ENTERPRISE/COMPETITON
FAIR DISTRIBUTION OF WEALTH
CENTRAL/GOV’T CONTROL
Capitalism-
Socialism –
Communism-

7. Choice of Work?
OPEN/FREE CHOICE
REGULATED
Capitalism-
Socialism –
Communism-

8. Government Involvement?
GOV’T OWNS BASIC INDUSTRIES/PROVIDES SOCIALSERVICES
GOV’T OWNS ALL INSUSTRIES
GOV’T INVOLVEMENT KEPT TO A MINIMUM
Capitalism-
Socialism –
Communism-

9. Amount of Competition?
COMPETITON IS LIMITED
COMPETTITON IS PROMOTED
THERE IS NO COMPETTITON
Capitalism-
Socialism –
Communism-

10. Promoters of Economic
System?
 Karl Marx
Adam Smith
Capitalism
Socialism & Communism

11. Capitalism
Pro
Rewards individual success
Individual success leads to common good
Con
Competition leads to winners and losers
Not all succeed

12. Socialism
Pro
All share equally the benefits of production
No winners and losers
Con
No competition - efficiency goes down
High taxes

13. Communism
Pro
 Full employment
 citizens get what they need
Con
Gov’t decides rewards
Few luxuries

14. Article
Cuba Pins Hopes on New Farms Run For Profit, Washington
post, 2009

15. Article
Cuba To Cut State Workers in Tilt Towards Free
Market, Sept, 2010
Market-oriented, subsides, privatization, private sector
% of gov’t workers in Cuba?
What obstacles do Cubans who go in to business face?