Capitalism VS Socialism

Ryan  Lin
Mind Map by Ryan Lin , updated more than 1 year ago
Ryan  Lin
Created by Ryan Lin over 4 years ago
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Grade 8 Individuals and Societies Mind Map on Capitalism VS Socialism, created by Ryan Lin on 02/08/2017.

Resource summary

Capitalism VS Socialism
  1. Capitalism
    1. Social Programs
      1. Income inequality-Social Security
        1. Poverty among elderly-Medicare/Medicaid
          1. Starving Children & Families-Food stamps
            1. Unemployed people-unemployment aid
            2. Private Ownership
              1. Economic freedom
                1. Political Freedom
                  1. Large admistration
                  2. Freedom of choice
                    1. Free competition
                    2. Social Benefits ignored
                      1. Inequality between factory owners and workers
                    3. Classic Socialism
                      1. Karl Marx
                        1. Commnism
                          1. No private ownership
                            1. Economic Equality
                              1. Shared property
                              2. Health care
                                1. Maximize & Mobilize its workers
                                  1. Unemployment rates dramatically decreased
                                    1. Decreased crime rate
                                      1. Education opportunity
                                      2. Limited profits
                                        1. Same wages
                                          1. Poverty is pervasive
                                      3. Modern Socialism
                                        1. Reduced poverty
                                          1. Equal earnings and wealth
                                            1. Higher tax
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