Chapter 1 Section 4 - Capitalism

9/20/2011 7:31:00 AM

Due tomorrow: create a poster (WTF), research anti-bullying policy, highlighting anti-bullying Socialism: You have two cows and you give one to your neighbor o (Sharing) Obama wants the wealthy to give to the poor Communism: You have 2 cows. The state takes them, takes them, get some milk State takes away opportunities for free enterprise Fascism: You have 2 cows. The State takes both and sells you some milk Bureaucratism: You have 2 cows. The state takes both, shoots one, milks the other, and throws the milk away. Traditional Capitalism You have 2 cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income An American corporation: You have 2 cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to tell you why your cow has dropped dead. Test Study guide chapter 1 Formal Short answer and short essay: THERE ARE NO MULTIPL CHOICE QUESTIONS IN COLLEGE!!!! Section 1 notes: Theories of government o Evolutionary theory Develops over time head of house becomes head of village Abraham o Force Theory When there is a tyrant or totalitarian government Stalin Hitler

o Divine right theory God says I have the right to power (BULLSHIT) Pharaohs o Social Contract People have the right to be ruled, but the ruler must follow a set of rules o Purpose of government: Maintain social order By means of laws Police/court enforcement o Public services WM o Providing national security FBI o Economic decisions Section 3: Types of government o Autocracy Ruled by one person Tyrant o Oligarchy A small group holds power China Communists Military o Democracy America ruled by people Free enterprise Supply and Demand Section 4 Socialism Communism o KNOW THESE THEORIES

9/20/2011 7:31:00 AM

9/20/2011 7:31:00 AM