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Capitalism VS Socialism

Description

Grade 8 Individuals and Societies Mind Map on Capitalism VS Socialism, created by Ryan Lin on 08/02/2017.

Mind Map by Ryan Lin , updated more than 1 year ago

	Created by Ryan Lin almost 8 years ago

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Resource summary

Capitalism VS Socialism

Capitalism
1. Social Programs
  1. Income inequality-Social Security
  2. Poverty among elderly-Medicare/Medicaid
  3. Starving Children & Families-Food stamps
  4. Unemployed people-unemployment aid
2. Private Ownership
  1. Economic freedom
    1. Political Freedom
    2. Large admistration
  2. Freedom of choice
  3. Free competition
3. Social Benefits ignored
  1. Inequality between factory owners and workers
Classic Socialism
1. Karl Marx
  1. Commnism
    1. No private ownership
      1. Economic Equality
      2. Shared property
    2. Health care
      1. Maximize & Mobilize its workers
      2. Unemployment rates dramatically decreased
      3. Decreased crime rate
      4. Education opportunity
    3. Limited profits
      1. Same wages
      2. Poverty is pervasive
2. Modern Socialism
  1. Reduced poverty
  2. Equal earnings and wealth
  3. Higher tax

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