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Capitalism vs socialism
- 2. Who? Book? Capitalism Socialism/Communism • Karl Marx (& Engels) • Adam Smith wrote wrote Communist Wealth of Nations. Manifesto & Das Capital
- 3. What is most important for business Capitalism Socialism/Communism • Individual worker is • Society as a whole is most important. most important. • Workers work harder when they make profit. • All people should be • Companies do better equal. when they make profit.
- 4. Role of Government? Capitalism Socialism/Communism • Government should • Laissez-Faire- be in total control government and make sure shouldn’t be wealth is distributed involved. evenly.
- 5. View of Wealth? Capitalism Socialism/Communism • Wealth motivates • Wealth should be people to work. distributed evenly. • If you don’t work • No rich and no poor. you will be poor.
- 6. View of property? Capitalism Socialism/Communism • Private Property- • No Private Property- you work harder for Everything is shared. what’s yours.
- 7. What each dislikes about the other Capitalism Socialism/Communism • Some people are • No reason to work. poor. • Individual doesn't • People are too matter. greedy • Can’t get rich. • Owners mistreat workers to make money.