Monday - If we were a direct democracy there would probably still be slavery in the U.S.
Capitalism -
- An economic system that has private ownership of production. Owned by the people.
- Lots of wealth diversity
- The harder you work, the more money you will make
- USA, Canada, U.K. Mexico & Ireland use capitalism
Socialism -
- Nobody owns anything
- Nobody is rich or poor
- More equality
- The society owns everything
- Nobody competes for business
- Close to communism
- China, Cuba, Laos, Vietnam, Soviet Union
Oligarchy
- Richer people have more power
- Russia - Vladimir Putin
- India - ruled by small group of wealthy people
Mixed Economy -
- Mixture of Capitalism and Socialism
Practice of Communism
- Everything is controlled and run by the government and people do not have the freedom of speech, religion, etc.
- China, Cuba, North Korea, Vietnam, Laos
- Soviet Union started Communism
Communism
- Everyone is equal
- Karl Marx was the guy who had the theory of Communism
- No social classes
- Everyone is equal
- Every communist country has a leader
Tuesday - Isis is expanding. Bad news. Only bad news are talked about in Africa, people need to focus on the positive. South Sudan in now the most fragile state in the world.
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