Which is better? Which is better? Capitalism or Capitalism or Communism?Communism?

Sarah WittrockSarah Wittrock

Reasons For Capitalism in Reasons For Capitalism in TyedyeTyedye

• More work gets done because if you do a More work gets done because if you do a good job you will get paid better but if you good job you will get paid better but if you do not work too hard, you won’t get paid do not work too hard, you won’t get paid as muchas much

• People feel like they are working for what People feel like they are working for what they getthey get

• Instead of government, people make Instead of government, people make economic decisions which is better economic decisions which is better because the country decides as a whole because the country decides as a whole instead of just a few people in governmentinstead of just a few people in government

Communism- why its not Communism- why its not the the right way to goright way to go• Working hard= no raiseWorking hard= no raise

• Lazy workers= hard workersLazy workers= hard workers

• This all results in everybody being This all results in everybody being lazy= poor quality of goodslazy= poor quality of goods

More reasons why is Capitalism More reasons why is Capitalism better than better than Communism…Communism…• Less tension between people Less tension between people

because people who barely work because people who barely work should’nt be paid as much as should’nt be paid as much as somebody who works all the timesomebody who works all the time

• This way, all is fairThis way, all is fair

Definition of CommunismDefinition of Communism• The economic system where The economic system where

government makes all economic government makes all economic decisions, Karl Marx wrote The decisions, Karl Marx wrote The Communist Manifesto, command Communist Manifesto, command economy, all are equal, ex: Robin Hoodeconomy, all are equal, ex: Robin Hood

• Basically, if you work hard, you still Basically, if you work hard, you still receive the same wages as someone receive the same wages as someone who barely workswho barely works

Definition of CapitalismDefinition of Capitalism• The economic system where market The economic system where market

makes economic decisions, Adam makes economic decisions, Adam Smith- Wealth Of Nations, market- Smith- Wealth Of Nations, market- economy, laissez- faire, “Bill Gates”economy, laissez- faire, “Bill Gates”

• Work hard and a lot- receive better Work hard and a lot- receive better wages and more money, do not work wages and more money, do not work much- can’t receive as muchmuch- can’t receive as much

• Laissez- faire- French for ‘’hands off’’, Laissez- faire- French for ‘’hands off’’, policy of no government interference in policy of no government interference in capitalist economic systemcapitalist economic system

Industrial Revolution in Industrial Revolution in BritainBritain• Capitalism was not used even close Capitalism was not used even close

to as much as Communism was.to as much as Communism was.• During this time, there was basically During this time, there was basically

either the real rich people, either the real rich people, entreprenuers, who sat there and did entreprenuers, who sat there and did nothing but watch over the workers, nothing but watch over the workers, proletariat, who did everythingproletariat, who did everything

Positives of the Industrial Positives of the Industrial Revolution Revolution• More jobs open to peopleMore jobs open to people

• Cheaper goods because there was Cheaper goods because there was more of each good being produced more of each good being produced faster than ever beforefaster than ever before

• More people to create citiesMore people to create cities

Negatives of the Negatives of the Industrial Industrial RevolutionRevolution• PollutionPollution

• Child laborChild labor

• Dangerous machinesDangerous machines

• Bad working conditionsBad working conditions

What is the Industrial What is the Industrial Revolution? Revolution?

• HUGE change from farming by hand HUGE change from farming by hand in the country to manufacturing and in the country to manufacturing and losing your hand in the citylosing your hand in the city

• Three Economic QuestionsThree Economic QuestionsWhat to produce?What to produce?Who produces it?Who produces it?Who is it produced for?Who is it produced for?

Definitions of the Definitions of the Industrial Industrial RevolutionRevolution• Child labor- if children are working in the Child labor- if children are working in the factories, then more money comes into factories, then more money comes into the rest of the familythe rest of the family

• Bourgeoisie- communist for “big rich Bourgeoisie- communist for “big rich guy class”guy class”

• Proletariat- communist for working class Proletariat- communist for working class who should own the means of businesswho should own the means of business

• Entrepreneur- French for rich guy who Entrepreneur- French for rich guy who starts and runs a businessstarts and runs a business

3 Most Important Points3 Most Important Points• Capitalism keeps people wanting to Capitalism keeps people wanting to

work, which makes a better countrywork, which makes a better country• Capitalism keeps a country progress Capitalism keeps a country progress

furtherfurther• Communism does not keep a country Communism does not keep a country

working because they feel there is no working because they feel there is no reason to work hardreason to work hard