Capitalism, Socialism and Social Market Economy

Question 1

Merchant Capitalism (Market economy)

Answer 1

Middle ages- End of 18th century
Idea of free market= we can work, sell and buy whatever we want
Crecías en gremios= se herebada profesión
Free market decides price
Eres rico si: Tienes muchas tierras. muchas vacas

Question 2

Industrial capitalism

Answer 2

End 18th century- Middle 20th century
Creation of huge factories, industries
Eres rico si: tienes factories, produces mucho

Question 3

Financial Capitalism

Answer 3

Middle 20th century- Today

Eres rico si: Tienes acciones, tienes dinero en el banco

Question 4

Informational Capitalism

Answer 4

Today

Eres rico si: tienes informacion importante

Question 5

Pros & Cons: Merchant Capitalism

Answer 5

Pros: Freedom, wealth
Cons: Inequality: capital and labor
Not everybody has property
Materialism, egocentric system

Question 6

Socialism

Answer 6

Idea against capitalism

Karl Marx: 19th Century

Question 7

Hegel

Answer 7

Thesis: lograr cosas con conocimiento
Síntesis: Solución
Antitesis: Fallar