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Good Afternoon

Good Afternoon . Please take out Writing Prompt 4 and something to write with. Capitalism vs. Marxism. Adam Smith. K arl Marx. Adam Smith. Karl Marx. Born : May 5, 1818 German Title (Works Produced) The Communist Manifesto Communism Marxism Economist Philosopher Historian.

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Good Afternoon

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  1. Good Afternoon Please take out Writing Prompt 4 and something to write with

  2. Capitalism vs. Marxism Adam Smith Karl Marx

  3. Adam Smith Karl Marx Born: May 5, 1818 German Title (Works Produced) The Communist Manifesto Communism Marxism Economist Philosopher Historian • Born: June 5, 1790 • Scottish • Titles (Works produced) • The Theory of Moral Sentiments • The Wealth of Nations • Capitalism • Economist • Social Philosopher • Laissez-faire

  4. Marxist Ideas Capitalist Ideas Progress results when Individuals follow their own self-interest. All great movements in history are the result of an economic class struggle. The Industrial Revolution intensified the class struggle Businesses follow their own self-interest when they compete with one another for the consumer’s money. The “haves” take advantage of the “have-nots.” Workers are exploited by employers Each producer tries to provide goods and services that are better and less expensive than those of their competitors. The community or state should own property and the means of production. The capitalist system will eventually destroy itself. The state will wither away as a classless society develops. Consumers compete with one another to purchase the best goods at the lowest prices. The labor of workers creates profits for employers. Market economy aims to produce the best products and the lowest prices. Government should not interfere in the economy. Distribute goods according to each person’s needs.

  5. Shark Tank Product Pitch What is your life changing product or service? Purpose • convincing explanation of who will use the product/service • convincing explanation of why audience will use it • convincing evidence detailing what audience will use it for • convincing explanation of when audience will use it • convincing explanation of where it will be used Background Knowledge/Research • clear explanation of what product does or how it’s used • clear explanation of what it is made of • clear explanation of other products like it • clear explanation of why this product is better than others Goals and roles • the product or service is reasonable and realistic • the product or service is doable • clearly divided and fair work load for all members

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