Answer the following questions:
1 Circle the groups on which Michael Moore blames the financial meltdown.
a. big business
b. auto companies
c. finance houses
2 What were 19th century socialist intellectuals reacting to?
d. industrial revolution
3 What did Marx believe would replace capitalism?
4 What famous work did Marx publish?
a. Capitalists Manifesto
b. The Prince
c. The Marx Brothers Skits
d. Communist Manifesto
e. Socialist Manifesto
5 Circle what Adam Smith thinks a government should be.
d. advocates of free trade
e. advocates of social spending
6 According to Robert Dahl...
a. no country is totally communist.
b. no country is totally free.
c. no country is totally capitalist.
d. welfare services require taxation.
1 What are the benefits of a communist system? What type of people would like to have a system of wealth redistribution?
2 What are the benefits of a capitalist system? Why type of people would benefit most from non-governmental interference?
3 Look at the city's political parties. Which ones have socialist ideals? Which have capitalist principals?
4 When is enough enough? When should people give back to society? Pick a side and argue for or against the unlimited accumulation of wealth. How would you allocate public resources?
1 The communist party is technically illegal in Hong Kong. Why is this? Do some research and find out.
2 Nearly everyone living in Hong Kong has family stories relating to the Communist victory and rule on the mainland. Which way do your family's stories lean? Are they pro-communist or pro-capitalist? What benefits or penalties did they encounter under communist rule on the mainland or capitalist rule in Hong Kong?
1. d, 2. b; d, 3. d, 4. a; c