After completing Chapter 13, you should be able to:
- Compare and contrast the fundamental ways societies organize their economic activities under socialism and capitalism.
- Discuss how the capitalist ideal of free enterprise differs from the reality of the U.S. economy and the mechanisms that work against the establishment of pure capitalism here.
- Discuss the relationship between capitalism and inequality.
- Explain the consequences of official government data understating the levels of unemployment.
- Discuss the causes and consequences of the social organization of the workplace under the basic tenets of capitalism.
- Identify the major social problems workers face in the work place.
- Identify and discuss the social problems created by domestics and international concentrations of economic power.
- Capitalism prioritizes private profit over social need. Discuss the implications of this and other factors involved in the current crises in U.S. capitalism.
