When Capitalism is Great and Not-So-Great

Comparing and contrasting Capitalism and Socialism, this lecture outlines many nuances between the two economic systems, including the ideas of meritocracy and "fairness." A discussion about the effects of either system gone "unchecked" begins after the narrator discusses the basic elements of each. Though the narrator does not claim to present a comprehensive list of pros and cons, this video would be a great starting point for a topical discussion in a history or economics class.