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Title = Good or Bad Idea? Good or bad idea? Why?

Day 75 Opening Question. 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.com/espn/thelife/salary/?athleteId=3708887. Day 77 Opening Question. Title = IR Toon

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Title = Good or Bad Idea? Good or bad idea? Why?

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  1. Day 75 Opening Question • 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.com/espn/thelife/salary/?athleteId=3708887

  2. Day 77 Opening Question • Title = IR Toon • What details do you notice in this cartoon? What might be the POV of the creator?

  3. Examine the economic systems of Capitalism, Socialism and Communism and how they work Day 71-75 Objectives

  4. 1. Four“Economic”Systemsfrom theInd Rev • Capitalism • Liberalism • Socialism • Communism

  5. Free Market Gov 2 ways to look at 3 of the economic systems • Socio-Economic Pyramid (taxes)  • VenDiagram (Gov intervention) 

  6. Democracy Dictatorship b. what gov exists in these systems?

  7. Capitalism Peaks during the Ind Rev • Background… • 1700s during Enlightenment • More popular in 1800s • Pioneers?  • Principles and Beliefs?

  8. b. How much can Gov control the Free Market? Free Market Gov

  9. Free Market Free Market Free Market Gov Gov Gov Free Market & Gov • What do we see happening in these models? • Which model would the Capitalist like most? • Spectrum…

  10. Under Capitalism, who controls the production of goods?

  11. Social Class Pyramid • What happens to the pyramid, Bill Gates and the Gas Station Worker?

  12. Capitalism booming during the IR • 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?

  13. Darwinism & Economics • Charles Darwin writes a book in 1859… • On the Origin of Species • What the main messagein the book? • Natural Selection • Survival of Fittest…

  14. Economists applyDarwinism toEconomics… • 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 

  15. Liberalism • Origins and background so far? • Enemy? • Why did it grow during the IR? • Economic and Political Liberalism…

  16. Utilitarianism • 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)

  17. Utilitarianism • 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

  18. John Stuart Mill • 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

  19. Socialism • What is it (main beliefs) • Who is Socialist today? Where does Socialism exist the most today?

  20. Socialism vs Capitalism • 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 Good Bad

  21. Free Market b. Free Market & Gov? • The Free Market…what happens to it? • In a Democracy, how does this happen? • In a Dictatorship, how does this happen? Laws Force Gov

  22. Who Controls Production of Goods? • Capitalism? (1) • Just Ownership • Socialism? (3) • Ownership • Unions • Gov • In Socialism, is Government on the side of the Ownership or Workers?

  23. Socialism & the Socio- Economic Pyramid • Social Class Pyramid…what happened to it? • Government and laws impact it…how • Taxes (progressive) • less distance between rich and poor

  24. Socialism Today?

  25. 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

  26. Socialism’s Impact? • 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

  27. Free Market Gov Final Question • 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.

  28. Not-so-happy Storytime

  29. Opening Question • 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?

  30. Communism • Originator • Karl Marx (1818-1883) • German atheist banned from academics and journalism • hated Capitalism • prosperity for few • poverty for many

  31. Marx’s Co-writer • early 1840s Marx meets Friedrich Engels (1820-1895) • Their major work (with recipe) • Communist Manifesto

  32. Communism is… • A form of Socialism that follows a storyline that includes DRAMATIC, USUALLY VIOLENT CONFLICT • Requires a… • Want to guess the storyline?

  33. Gov Free Market • How should the models look? • Gov-FM model • Socio-economic pyramid? 

  34. 3. History is a story of Conflict • “Haves” (Oppressors) • own the means of production • control society and its wealth (PERSIAGM) • Bourgeois • “Have Nots” (Oppressed) • working class or “proletariat”

  35. Marx’s Vision • A country is Industrializedand Capitalist • Capitalism will fail (how) and Marx’s system will take over from the chaos • PES…Marxism is the next step to human progress

  36. Marx called for... • The proletariat unite & overthrow capitalist bourgeois

  37. Marx called for the Proletariat to ACT!! • “The proletarians have nothing to lose but their chains. They have a world to win. WORKING MEN OF ALL COUTRIES, UNITE!” 

  38. 4b. Who Rules? • “Dictatorship of the Proletariat” • take over control of production… • create classless, communist society • control economics and politics of the country • Thoughts?

  39. Democracy Dictatorship? or • In theory, Democracy • no political/gov struggle • wealth shared by Proletariat • no private property • Equality  • Sounds like which writer?? • In reality, Dictatorship

  40. Historical Impact • 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?

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