Do Now

• Sit in your same groups as yesterday• Please get out something to write with

Which do you think is better? Freedom or fairness?

New Ideologies

Capitalism economic and political system where themeans of production are controlled by privateowners for profit, rather than by thestate.

Socialismeconomic system where the means of production, such as money and other forms of capital, are owned by the state (the government) or public.

Communismeconomic and political/governmental systemwhere the means of production are ownedby the state, rather than private owners.

New Ideologies

• Read the following reading about capitalism, socialism and communism.

• On the worksheet provided, list characteristics of capitalism, socialism and communism that you find in the reading.