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This week's case study is a look at class conflicts, specifically the discussion of which
type of social structure is the best; Capitalism or Socialism. Before we begin, for the
purposes of this case study, we must define three terms, class conflicts, Capitalism and
Socialism.
Again, for the purposes of this case study, we will use the following definition to define
class conflict;
2. Also call class war or class warfare, the struggle for political and economic
power carried on between capitalists and workers (dictionary.com)
Next, for the purposes of this study, we will use the following definition to define
Capitalism;
Finally, for the purposes of this study, we will use the following definition to define
Socialism;
To help you understand the differences between Capitalism and Socialism, watch this
video;
https://www.youtube.com/watch?v=ZXDN057sc7I
https://www.youtube.com/watch?v=7dAmroKyzGY
https://www.youtube.com/watch?v=S_TrmNVZxN0
Instructor's notes: Regarding the clip on the Chinese experience, a couple side notes;
The video talks about the Chinese economy being the second largest in the
world (second only to the economy of the United States). Since this video was
made, the Chinese economy surpassed the economy of the United States
(2014).
The other note/observation is this. After watching the two clips on the United
States and the Chinese approach to economics, it would seem fair to say while
the United States is officially a Capitalist economy there are, especially in the last
25 years, many Socialist ideas intertwined within its economy. On the flipside, it
would also seem fair to say, after many years of economic failure, the Chinese
economy started to show much improvement after it allowed many Capitalist
ideas into its Socialist policies.