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 to a topical discussion in a history or economics class.

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Resource Details

Grade
8th - 12th
Subjects
Social Studies & History
2 more...
Resource Types
Videos
1 more...
Audiences
For Teacher Use
1 more...
Instructional Strategy
Flipped Classroom
Usage Permissions
Creative Commons
BY-NC-SA: 3.0
cc