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Challenging the Capitalist Order

This piece delves into the tension between socialism, progressivism, and capitalism in American economic and political discourse. It defines these key terms, explores the economic landscape of the 1920s leading to the Great Depression, and examines the 2008 market crash. The Affordable Care Act serves as a modern example of the ongoing struggle between the desire for equal access to healthcare (a socialist ideal) and the profit motives of private insurance companies (a capitalist norm). The discussion underscores the complexity of implementing progressive reforms within a capitalist framework.

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Challenging the Capitalist Order

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  1. Challenging the Capitalist Order Bela Ronald And Micah Langerquist

  2. Definitions • Socialism: a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. • Progressivism: the political orientation of those who favor progress toward better conditions in government and society. • Capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

  3. The Economy in the 1920s • Businesses were run my individuals (Capitalism). • Cheap labor

  4. 1929 market crash • Individuals put their money in the bank • Bank uses the money in the bank to invest • Bank gives out too many loans • People can’t pay back their loans • Individuals lose their money.

  5. Visual Explanation Bank investment money Individual’s money

  6. 2008 market crash • The line was taken away banks said, “1929 wont ever happen again” • In the early 2000s the market was good • By 2008 things got messy • Market crashed

  7. Context • For those of you who didn’t piece it together 1929 was the year the Great Depression started. • The socialists asking for government to take charge • Capitalist saying no that will not do • Everyone wants progress/improvement, so progressivism

  8. Affordable Care Act • The best example to show the conflict between socialism and capitalism. • We’re talking Obama care right now • Equal opportunity for health insurance for everyone (socialism) • Except insurance companies are like, “but wait a moment we wont profit as much from this!” (Capitalism)

  9. The End

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