Socialism and Capitalism

After you have chilled out listening to poet Gil Scott-Heron’s ‘The Revolution Will Not Be Televised’ you will be ready to read about the hefty subjects of socialism and capitalism.

Watch John Green’s crash course in Socialism and Capitalism to get a quick run down of the key differences between these ideologies.  Use the film to respond to the following questions in your blog posts.

 

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Money, power and the American Dream

When Kurt Vonnegut wrote God Bless You, Mr Rosewater in 1965, he was writing about an America divided by wealth.  Then, CEOs made about 20 times as much as the average worker.  By 2011 CEOs made 231 times as much as the average worker. So what has happened since then?

Check out top property prices for Manhattan in recent times (see table below) and note the sale of one of the penthouses in 740 Park Avenue, the building with the most billionaires living in it in the US.

manhatten-property-2012

Built in 1929 by Jacqueline Kennedy Onassis’s grandfather, this building of 31 residences is one of the world’s most exclusive places to live.

740-park-avenue

So who lives here, at 740 Park Avenue, New York?  The answer is: not just anyone.  One has to apply to buy a residence and must demonstrate a liquid net worth of 100 million dollars to be considered by the co-op.

Watch the WhyPoverty documentary Park Avenue: Money, Power and the American Dream to learn about how the wealth divide has deepened in America.  Find out how money talks in the halls of power in Washington and how the capacity for people born into extreme poverty to move out of their situation is now harder than ever…