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					    Ideology II: World Economies
 An economy is a system by which a nation
  produces and distributes goods and
  services.
 Must answer “The Three Questions”
    What shall we produce?
    How shall we produce it?
    Who will receive what we produce?
                 Capitalism
 The Three Questions are answered by
  consumers (a.k.a. the “market”)
 Here’s the process:
    A product or service is wanted (demand)
    An entrepreneur produces it for the market
    The entrepreneur hopes to make a profit
   Capitalist: Person who invests in
    companies (stockholder) who also wants
    to make a profit.
    Competition: The Regulator of
              Capitalism
 Competition is supposed to regulate price
  and quality of goods and services
 If an entrepreneur is selling something
  that is shoddy or too expensive then
  someone else will produce a better
  product at a cheaper price.
 Market Share: The percentage of the
  market that a producer serves.
              Pure Capitalism
   Role of Government
    since The Three Questions are answered by
     the market the government is supposed to
     stay out of it
    Military?, Police?, Fire?, Schools?, Roads?
 Only private ownership of property
 No public (government-owned) property
 A.K.A.-Free Enterprise and Free Market
       Problems With Capitalism
   Little or no competition
     Monopolies: One company controls an entire market
      (“cornering the market)
     Consumers can accept their price and quality or go
      without
   No Entrepreneurs for a particular good or
    service if the market is very small
     Certain drugs
     Very expensive things
     Outdated goods or services (typewriters)
    Problems With Capitalism
 No government regulation (minimum
  wage, working conditions, etc…)
 Environmental Issues (ex. pollution,
  logging, endangered species)
 No “safety net” for the poor
 A small, very wealthy upper class and a
  very large, very poor lower class
Life in a Purely Capitalist Economy
   School?
    Stufflebeam Academy: Very expensive but an
     outstanding education
    Who gets to go to school?
 Police?
 Military?
 Obviously, a purely capitalist economy is
  not possible
            Communism
 Government answers The Three Questions
  (planned economy)
 Everyone works for and is paid by the
  government
 Only Public Property
 Equal Distribution of Wealth
 No Social Classes or Poverty?
 No Crime?
    Life in a Communist Nation
 Your Jeans
 Your Housing
 Long lines due to scarcity of goods and
  services
 Little choice of goods and services
 Communist Countries: Vietnam, North
  Korea, China, Cuba
    Problems With Communism
 Who gets what? Not everyone needs the
  same things.
 You can’t get ahead. There is no incentive
  to work hard. Are you ready to do your
  best for the benefit of everyone else?
 Ex. Huge State Farms: Alcoholism,
  Absenteeism, Suicide
 Tends to be dictatorial (you’ll learn why
  later)
          More on Communism
   Karl Marx
    Das Kapital
    The Communist Manifesto
   Miscellaneous Marx
    Proletariat-Working Class
    Communist Revolution
   Marx: Organized religion is a lie meant to
    keep the proletariat obedient.
      Socialism/Mixed Economy
 The government answers some of The
  Three Questions and the market answers
  some
 Heavy Regulation of Business
 Income Redistribution
    Tax the Rich
    Welfare Programs
    High Minimum Wage
      Socialism/Mixed Economy
   U.S. Socialism
    Police, public ed., fire, etc…
    Minimum wage, labor laws, social security,
     medicare/medicaid, regulations on business
    Post Office, Amtrak, Utilities, Taxes, Area 51


   “Socialized” Health Care?
    Fascism: An Ideology but not an
              Economy
 Extremely Right-Wing Ideology
 Racism
 Militarism
 Extreme Nationalism
Comparing Economic
Ideology and Political
      Ideology
       Are All People Equal?
 Capitalism: No. It’s a dog-eat-dog world
 Communism: Yes. Everybody gets the
  same stuff
 Socialism: Not quite equal but not too far
  away from each other in regard to
  material wealth
 Facism: No. Kill the inferior races.
  (Genocide or ethnic cleansing)
    Should Government Be Big?
 Capitalism: No. Government should only
  exist to protect the nation and its citizens
 Communism: Yes. Government should
  own and control all property and equally
  distribute goods and services.
 Socialism: Sort of. Heavy taxes, social
  programs, government regulation of the
  economy.
          Is Change Good?
 Capitalism: No. The market will decide
  what change, if any, takes place.
  Government will not institute social
  change.
 Communism: Yes. A revolution must
  overthrow the capitalists
 Socialism: Slow but steady change
        The Two Cow Analogy
 If you have two cows in a capitalist country you
  sell the milk for a profit and buy more cows.
 If you have two cows in a communist country
  the government takes them and equally
  distributes the milk.
 If you have two cows in a socialist country the
  government takes one cow and gives it to
  someone who doesn’t have any cows.
 If you have two cows in a fascist country the
  government doesn’t care but will kill or imprison
  you if you are a racial minority.

				
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posted:10/15/2012
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