Argument: Because the invisible hand of the market indirectly benefits the collective, there is no need for government regulation or involvement in the economy.
Adam Smith was right in claiming that the pursuit of self-interest ultimately benefits the collective interest; but Karl Marx was right when he pointed out that wealth is not distributed to everyone equally at the same time, and that alienation arises as a result.
John Lewis Gaddis from The Age of Terror
Abuses of Socialism??!!
This goes with the section on PROGRESSIVISM ON ASSIGNMENT 5.3
WATCH | Why is Alberta looking to mine the Rockies for more coal? Here's a 4-minute explanation
BUYING ON MARGIN
https://www.awesomestories.com/asset/view/Stock-Market-Crash-of-1929-Buying-on-Margin
William Lyon Mackenzie King and the Inhumanity of Capitalism
http://www.canadahistoryproject.ca/1930s/1930s-02-mac-king.html
OR
Argument: Tax cuts implemented by neo-liberals such as Ronald Reagan have skewed societies perceptions of taxes and government involvement in the economy.
You are running for public office and have to write a stump speech. Your stump speech should be the core message for your campaign detailing your economic ideology, plans, politics, vision and methods. Your speech should focus on what to do about taxes, what to do with poor people (see Stump Speech info sheet), what to do about the business cycle (Keynes vs. Hayek vs. Friedman), how to stimulate an economy (demand side vs. supply economics) and should have arguments and quotes from the columns in the Stump Speech info sheet.
CRITERIA FOR YOUR STUMP SPEECH
1. INTRODUCTION: You need to have a hook to grab a person’s attention right from the start and then give the basics – your name and office you’re running for.
2. PERSONAL STORY: What are the values you hold that are needed in the office or to solve this issue?
3. PROBLEM STATEMENT: Present a clear and relevant (to audience and electorate) issue that needs to be solved. What is wrong that needs to be fixed? Why do you care about this issue and why is it relevant to the community at large? What is at stake for them?
4. SOLUTION/VISION: What is your solution to solving this program? What skills, experiences or qualities do you have that make you suited to solve this issue? Paint a picture for the audience about what their future could look like if this problem was solved.
5. ASK: What is it you need from the audience you’re speaking to? You need a clear and concise call to action that allows them to be part of your vision and get involved with your campaign. Do you need an endorsement? Donations? Volunteers? Votes? Tell them exactly how they can help be part of the solution.
Tobin tax
TAA (trade adjustment assistance)
maximum wage
sumptuary laws/legislation
dirigisme
indicative planning
consumption tax(es)
Objectivism
anarcho-syndicalism
climate debt
"Quaker" capitalism
estate tax
top marginal tax rate
Forbes's quote on capitalism (reimagining capitalism)... see visual --->
donut economics (Kate Raeworth)
OR
Create your own "They Live" meme.