12/10/12

Today we continued to do our project on keeping jobs in America

12/5/12

Today in class we defined Capitalism, Communism, Free Enterprise, and Free Market. Capitalism is an economic and political  individualism’s basic premise is that the pursuit of self-interest and the right to own private property are morally defensible and legally legitimate. By private or corporate ownership. Communsim is where there are no classes and the govrnment controls the businesses and in its true form there are no poor people or rich people. Free market is

an economic system, in which prices are restricted between privately owned businesses

11/28/12

Today in class we continued watching People's Republic of Capitalism. It was pretty shocking to say the least; I didn't imagine that people their would get paid so little and they still manage to stay employed. Although the mentality of the Chinese isn't necessarily the most moral it's economically strategic. In the movie the manager of the the Briggs and Stratton factory in China said that these people work for five percent of the the pay that the people in the United States work for. He also said that this is the money that help make up for the rest of the company. There were also men and women who carry bricks and chip off plaster for two to five dollars a day. I was astonished that people would actually work for that money. I know I wouldn't.