POL SCI 10 Lecture Notes - Lecture 17: Musical Chairs, Liberal Socialism, Planned Economy
28 Nov 2017
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Focus on main differences/similarities even if you list many. Venture the rest of the questions/engage (think yourself then look at what mill says) Make sure everything in your paper answers the prompt. Unemployment and insurance a form of socialism. Not necessarily the govt owns everything (strict) vs society (loose) Marxists and leftists see the new deal system as a cooptation of socialism by a capitalist state. Welfare state seen as the alt to socialism. Capitalism almost always has an unemployment rate bw 6 and 11% Capitalism says it is your fault bc you are a lazy dorito eating drug addict and suffer. It is a blaming society towards bottom of society: it cushions society against the shocks of capitalism revolutionism ( creative destruction , it offers higher long-term growth because it encourages long-term investment rather than short term profits. In capitalism it"s mostly wealthy people who get to influence their policies. Ex. donate money to congress people and form lobbies.
