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.
