Chapter 3 Basic Characteristics of Capitalism Class Discussion Questions
A. How is the concept of creative destruction currently
affecting the United States economy?B. Explain how the concept of creative destruction has affected European
politics:
1. in the recent past
C. Read the John Adams section of
Presidential
Courage
How were the economic and political issues faced by President
Adams at the
turn of the 18th century similar to those face by the U.S.
early in the 21st Century.
These questions can be applied to most of America's
presidents.
D. President Obama been
accused of being a Socialist?
Begin with a nominal
definition of relevant political and economic terms explored in this chapter
and relate them to current economics and politics.
How accepted are political and economic concepts?
What did suffrage have to do with this accusation.?
See
Presidential
Politics: Party
Politics and Presidential Elections from 1788 to 2012
and
20th Century U.S. Political Economy: an
interaction
of politics and economics.
E. Class Project can take a day, week, month, term,
lifetime!
Something happened during
the last 30
years ago to disconnected wage growth from
productivity growth.
Using concepts explored in this chapter and this course Investigate
1.
Competition
2.
Energy cost
3.
How is capitalism and democracy designed to return a normal growth in
wages?
4.
Other stuff
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