WARM UP! 1.Give an example of someone who gets paid too much for what they do. Explain why you think...

WARM UP! 1. Give an example of someone

who gets paid too much for what they do. Explain why you think so.

2. Give an example of someone who gets paid too little for what they do. Explain why you think so.

Quiz• Everything away except pencil or pen.

America and the Class Divide

•http://www.youtube.com/watch?v=BRtc-k6dhgs to 2:26•http://www.youtube.com/watch?v=PF_iorX_MAw

--Greed is Good 2:00--end

Karl Marx vs. Adam Smith

Communism vs. Capitalism

Capitalist Economics

• Economic philosophy begun by Adam Smith in his book, Wealth of Nations• Stated that business and the

economy would run best with no interference from the government.• Also known as capitalism

The Communist Manifesto! *Begin Guided Notes*

• A book written by: Karl Marx and Frederich Engels in 1848

The Communist Manifesto

• Marx believed: conditions would lead to a communist revolution

• According to the book, those who control wealth and businesses also control society

“In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women.” -Scarface

A Workers’ Revolt

• The manifesto was a prediction that WORKERS WOULD REVOLT against the wealthy….

A Workers’ Revolt

• ..to create a new society, free from money.

They divided the world into two groups

• Working class=Proletariat

• Class with money=Bourgeoisie

The Revolution was imminent! And would be WORLDWIDE

Economic Evolution according to Karl Marx

• Feudalism =>• Capitalism =>• Socialism (Government controls

production) =>• Communism (Workers control

production)

Pure Communist Society!Everyone worksAll the production is equally sharedThis means no war, no police, no money

Workers of the world unite, you have nothing to lose but your chains!

From each according to his ability, to each according to his needs.

»-- Karl Marx

• Marx opposed nationalism b/c he wanted all workers to unite.• Marx saw religion as a tool of the

upper class to keep the lower classes down. • “Religion is the opiate of the

people.”

1. Do you think it likely that a revolution as Marx described it could ever take place in United States? Explain.

2. Which group of people do the ideas of Marx favor?

3. Which group of people do the ideas of Smith favor?

QuotesCopy the following quotes in your notebook. Next to each quote write whether you agree, disagree or are

neutral with the argument

• Quote 1: “From each according to his ability, to each according to his need”—Karl Marx

• Quote 2: “We may have a democracy or we may have great wealth concentrated in the hands of a few, but we cannot have both.” –Supreme Court Judge Louis Brandeis (1897)

• Quote 3: “The opportunity to succeed is worth risking the chance, or even likelihood, of failure.”

Agree, Neutral, or Disagree Quotes

• Quote 4: "The law of competition may be sometimes hard for the individual, [but] it is best for the race, because it insures the survival of the fittest in every department."

---Andrew Carnegie, "The Gospel of Wealth, (1889)

Agree, Neutral, or Disagree Quotes

•Quote 5: "A drunkard in the gutter is just where he ought to be...The law of survival of the fittest was not made by man, and it cannot be abrogated by man. We can only, by interfering with it, produce the survival of the unfittest."--- William Graham Sumner, What Social Classes

Owe to Each Other (1883)

Compare Communism to Capitalism

• Create an organizer like the one below to identify pros and cons of both communism and capitalism. Add at least one pro and con to communism and capitalism under each heading

Communism Capitalism

With a Partner!

• Create a Venn Diagram comparing and contrasting the Communist Manifesto to the Declaration of Independence

• You should have 4 items in each section of the Venn