paragraph 1
Magna Carta treaty made capitalism
England and America put it in practice
Karl Marx invented socialism
Vladimir Lenin put it in practice
paragraph 2
benefits :
capitalism is a FREEDOM
tradition started by the magna carta
capitalism means a person can sell or do business without interference from a king or government
capitalism had to the invention of many things like technology like machines and computers
capitalism has ended the need for slavery or demeaning jobs by replacing it with technology robot or machinery
problems with capitalism:
historically it was supported by slavery
before the federal reserve it led to many economic depressions and recessions
before the labor movement it led to taking advantage of many workers including children with long hours and low wages
paragraph 3
socialism benefits
no poverty
no homelessness
everyone has a job
socialism problems:
especially in history
soviet union and china used slave and prison labor for too many things like public construction
high taxes
in history the people had few rights
in history there was a lot of oppression
paragraph 4
mixed economy like in Norway or Sweden is best
they combine socialism and capitalism
they have socialism for the poor and capitalism for everybody else
its called "democratic socialism" (bernie sanders)
high taxes but also the freedom to do business
books to cite
magna carta
das kaptal by Vladimir Lenin
communitlst manifesto by karl marx