https://padlet.com/emily_scahill/g1wq0btdfsmj en-us 2018-09-24 13:59:32 UTC 2025-12-01 17:02:32 UTC hello@padlet.com emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285030810 Capital Liberal Capitalism accepts the existence of government, but only allows it only a minimal ownership of resources and decision making  power to perform its responsibility. ]]> 2018-09-24 14:06:37 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285030810 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285031278 Karl Marx is credited with founding Marxism or more commonly known as Communism or extreme Socialism. ]]> 2018-09-24 14:07:17 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285031278 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285031570 Socialism was also founded by Karl Marx in what he called “Scientific Socialism”. ]]> 2018-09-24 14:07:41 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285031570 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285031944 John Maynard Keynes founded Keynesianism. ]]> 2018-09-24 14:08:12 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285031944 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285032764 In this theory, the desire to survive is one of the most powerful incentives. The desire to be successful and to have strong, powerful business is also a very powerful incentive. ]]> 2018-09-24 14:09:15 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285032764 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285033238 Communison was founded by the writings of Karl Marx and Friedrich Engels.]]> 2018-09-24 14:10:02 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285033238 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285034004 Communism was also founded by the writings of both Karl Marx and Friedrich Engels.]]> 2018-09-24 14:11:15 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285034004 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285034761 John’s basic ideas were first published in 1936’s The General Theory of Employment, Interest and Money.” ]]> 2018-09-24 14:12:28 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285034761 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285036417 In Classical LIberal Capitalism, the citizens are to enjoy economic and political liberty, and they must strictly limit the government to the performance of three major duties. ]]> 2018-09-24 14:15:10 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285036417 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285036632 In this theory, Karl Marx states that the government is to be involved in almost every aspect of society, including what business can sell, who can sell it, what appears in the newspaper, and also what plays on the radio.]]> 2018-09-24 14:15:30 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285036632 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285037022 The role of government is not very strong. Usually instead of a government there is a central authority, committee or just the people in charge that make the signifigent economic decisions.]]> 2018-09-24 14:16:07 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285037022 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285037177 John states in his writings that “The Governments role is ‘fine tuning’ aggregate demand and intervening to ‘correct’ deffincies in performance.”]]> 2018-09-24 14:16:20 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285037177 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285037921 In this system, there is a type of goods that the government is to provide called public goods (goods and services that benefit all or nearly all of the nations people). These goods are allowed to be produced privately, however the owners could not prevent those who refused to pay from the utilizing the good.]]> 2018-09-24 14:17:22 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285037921 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285494659 In Communism, there really aren’t a lot that belongs to the people. One of the main and only incentives is the incentive to survive. However if you are asking about the government leader’s they have many incentives. Their main two is the abolition of both private property and social class systems. Their biggest and most important incentive is to make sure that the people all get their fair share (or equal amount).]]> 2018-09-25 13:34:44 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285494659 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285495506 In this theory, like every other, is the incentive for survival, but they also have an incentive to be happy, as one of the most famous beliefs of this theory is ‘’spend without worry.” ]]> 2018-09-25 13:35:42 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285495506 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285511260 2018-09-25 13:51:34 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285511260 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285533254 Classic Liberal Capitalism  was founded based on the writings of Adam Smith. ]]> 2018-09-25 14:16:36 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/285533254 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/286066538 In this form of a society you are allowed to keep your things. The government has little to no right to take anything for it belongs to the individual in the society. ]]> 2018-09-26 14:54:29 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/286066538 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/286068114 Adam Smith outline of the proper governmental functions in The Wealth of Nations became the outline for government under classic liberal capitalism. ]]> 2018-09-26 14:56:43 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/286068114 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/286088673 2018-09-26 15:28:05 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/286088673 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/286093117 In Communism, the society itself has almost no rights, since the main incentive is to make sure that everyone only gets their fair share. Therefore meaning that the government is in charge of everything, leaving slim to no freedom to the people.]]> 2018-09-26 15:34:42 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/286093117 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287401582 Often times in Communism, since the goal is that everything is equal, success and failure are divided equally. More often than not, success does not get rewarded individually nor does failure get punished individually because they are a communistic society. ]]> 2018-09-30 23:53:04 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287401582 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404020 One of Karl Marx’s main goals in a Communistic society was to abolish private property therefore making the property belong to the government. Not only would the property belong to the government but they would also take anything the found unfit or would be a sign of rebellion. ]]> 2018-10-01 00:19:31 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404020 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404263 In this economic theory, not only is there an incentive for survival, but also an incentive for success and wealth. The people do not have much of a government that can tax them or demand an interest. ]]> 2018-10-01 00:22:11 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404263 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404331 Because they have no central government, yes most of the time they would be able to make free economic desisions. ]]> 2018-10-01 00:22:44 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404331 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404388 In Socialism, neither success nor failure would be recognized because one of their core beliefs states that everybody gets an equal amount. ]]> 2018-10-01 00:23:21 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404388 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404424 In this society you would be able to keep your things because there is not a government there to take it away.]]> 2018-10-01 00:23:42 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404424 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404683 This theory states that for the most part you can do what you want, however there is a government and the government does have some rules that you must abide by. ]]> 2018-10-01 00:26:29 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404683 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404745 In Keynesianism, success and failure are both recognized as they have a government that is there to see it. ]]> 2018-10-01 00:27:08 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404745 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404778 This economic theory states that you do get to keep your things however you must purchase them at a price. ]]> 2018-10-01 00:27:33 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404778 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404842 New Zealand, based off of its economic policies is the country that most closely practices Classical Liberal Capitalism. They have a mostly free society and practice many things that would be considered classic Liberal capitalism. ]]> 2018-10-01 00:28:04 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404842 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404864 China is one of the most famous countries that practice Communism. They force their citizens to abide by many extreme rules such as a child limitation rule, no freedom of speech or press and no freedom of trade. ]]> 2018-10-01 00:28:15 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404864 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404874 Canada is one of the most famous Socialistic countries in the world. Their use universal healthcare and their taxation laws make them an extremely socialistic country.]]> 2018-10-01 00:28:22 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404874 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404904 In 2008, in the United States our own former president Obama tried Keynesian economics. Obama The former president spent $800B in a failed attempt to increase jobs and stimulate the economy. ]]> 2018-10-01 00:28:35 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287404904 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287405653 2018-10-01 00:35:13 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287405653 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287405796 2018-10-01 00:36:21 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287405796 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287407247 2018-10-01 00:50:44 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287407247 emily_scahill https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287407784 2018-10-01 00:56:13 UTC https://padlet.com/emily_scahill/g1wq0btdfsmj/wish/287407784