Go outside with a partner and vlog your overall feeling about the topic of Imperialism / Globalization for this this response.
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Go outside with a partner and vlog your overall "feelings and take aways" about the topic of Global Economic impacts on your Kahiau topic for this this response.
Which economic idea is better: communism or capitalism? Explain why. Capitalism is an economic and political system in which individuals control their own property and business. The means of production are privately owned by and operated for profit. The government plays a secondary role. Communism is an economic and political system that seeks to create a classless society where major means of productions are owned and controlled by the public (no private ownership is allowed). Communism was meant to replace capitalism and solve the problems caused by capitalism. Communism is a better economic idea because it allows freedom, people can be different and have different things, and the government shouldn’t impose on the rights of individuals and their businesses / trade. https://www.sahistory.org.za/article/differences-between-capitalism-communism-and-why-did-it-start-russia Does Capitalism still work? Does Capitalism cause poverty? Or social injustice? (Kulani) In some sense capitalism isnʻt really relevant to our daily life unless it is about mass amounts of wealth from a certain family. In times like this though capitalism is around but isn't really relevant unless you are in the business sector. Capitalism can cause poverty but in it is normal to see that poverty is caused by other things such as time, education, and will to lead a better life. In my standards I think that if you earn money, you should be able to use it for your benefit (as long as it is not hurting anyone) because as long as you worked for it, you should be able to enjoy the amount you worked for. However, I do feel that if you are privileged and get a head start in life due to family connections, then maybe that would be fair as long as you earn your money fairly. Who is / what is Karl Marx economic theory & what did he say about capitalism? Who is Karl Marx? Karl Marx was born in 1818 in Trier, Prussia, who later in his life became a German philosopher, economist, historian, sociologist, political theorist, journalist, and socialist revolutionary. People know him as “The Father of Communism” because of his new ideology called Communist Manifesto, where everyone is equal. Although it sounds good in theory, Communism being tested out in history has led to disastrous outcomes. What was his economic theory? His economic theory was titled “The Labor Theory of Value”. This theory was made to explain marketing prices, and that the amount an item should cost should be related to the average number of labor-hours required to produce/make it. This relates to all of the economies. What does he say about capitalism? First off, Karl Marx wanted to get rid of it. He saw it as a stage that would eventually stop because of contradictions. According to sources, Karl Marx said that capitalism is “a social, economic relation between people, rather than between people and things”. GROUP DISCUSSION: As a result of World Wars I & II, how did the Cold War period and a renewed focus on capitalism & corporate businesses perhaps contribute & set up your particular global issue? The Cold War period had an effect on water because resources were badly damaged from production. The water became polluted from these effects. Also, deaths near water created more toxins in the ocean. |
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