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Teaching capitalism in schools

darkkermit
Posts: 11,204
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5/7/2011 6:20:21 AM
Posted: 5 years ago
What do people think about this? Should capitalism be taught more frequently in schools. Students are motivated to learn. Entrepreneurship creates jobs and wealth. I can't see any downside.

Waiting for the socialist & libertarians fight this one out. I will be on the libertarianism side, however not the anarcho-capitalism position once the fight occurs.
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socialpinko
Posts: 10,458
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5/7/2011 11:27:25 AM
Posted: 5 years ago
At 5/7/2011 6:20:21 AM, darkkermit wrote:


What do people think about this? Should capitalism be taught more frequently in schools. Students are motivated to learn. Entrepreneurship creates jobs and wealth. I can't see any downside.

Waiting for the socialist & libertarians fight this one out. I will be on the libertarianism side, however not the anarcho-capitalism position once the fight occurs.

Students should be taught what capitalism is seeing as it is the dominant economic system in the world currently, but schools shouldn't put out little mini Reagans who go on to fight against regulation.
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PARADIGM_L0ST
Posts: 6,958
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5/7/2011 11:54:33 AM
Posted: 5 years ago
Capitalism is and has been taught in schools for hundreds of years. I really don't know why many people think this is a fairly new system. It isn't. Capitalism has been around for thousands of years, and taught scholastically taught for hundreds.

Look at your computer right now. Now look in the room at everything around you. All of that is the product of capitalism. Why wouldn't (or shouldn't) such economic principles be taught when they work so well?

Look at how many people have been lifted out of poverty in China now that they're (at least economically) abandoning the buffoonery of communism. That's a story of triumph, rescuing billions that otherwise would have died impoverished lives.

Learn the lesson of the pencil
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belle
Posts: 4,113
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5/7/2011 12:51:24 PM
Posted: 5 years ago
At 5/7/2011 11:35:21 AM, OreEle wrote:
I can't think of a better way to destroy our economy.

how bout teaching kids that the world runs on love and kindness? lol
evidently i only come to ddo to avoid doing homework...
wjmelements
Posts: 8,206
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5/7/2011 4:16:20 PM
Posted: 5 years ago
At 5/7/2011 11:35:21 AM, OreEle wrote:
I can't think of a better way to destroy our economy.

I'm sorry to hear that.
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Ore_Ele
Posts: 25,980
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5/7/2011 4:52:42 PM
Posted: 5 years ago
At 5/7/2011 4:32:48 PM, darkkermit wrote:
At 5/7/2011 11:35:21 AM, OreEle wrote:
I can't think of a better way to destroy our economy.

Explain yourself?

"Entrepreneurship creates jobs and wealth."

Capitalism 101 mid-term test

1) What % of businesses fail within their first 5 years?

2) Using your understanding of economics, what would happen if every worker were to quit working for others and create their own company?

3) What are the driving forces behind why new businesses fail, and what can entrepreneurs do to minimize these forces?

Entrepreneurship does not create jobs or wealth. Innovative ideas create jobs and wealth.
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wjmelements
Posts: 8,206
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5/7/2011 8:20:29 PM
Posted: 5 years ago
At 5/7/2011 4:52:42 PM, OreEle wrote:
At 5/7/2011 4:32:48 PM, darkkermit wrote:
At 5/7/2011 11:35:21 AM, OreEle wrote:
I can't think of a better way to destroy our economy.

Explain yourself?

"Entrepreneurship creates jobs and wealth."

Capitalism 101 mid-term test

1) What % of businesses fail within their first 5 years?

2) Using your understanding of economics, what would happen if every worker were to quit working for others and create their own company?

3) What are the driving forces behind why new businesses fail, and what can entrepreneurs do to minimize these forces?


Entrepreneurship does not create jobs or wealth. Innovative ideas create jobs and wealth.

And this is more harmful to the economy than a global thermonuclear war?
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Grape
Posts: 989
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5/7/2011 8:31:01 PM
Posted: 5 years ago
At 5/7/2011 8:20:29 PM, wjmelements wrote:
And this is more harmful to the economy than a global thermonuclear war?

He was obviously exaggerating.
mongeese
Posts: 5,387
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5/7/2011 10:47:41 PM
Posted: 5 years ago
At 5/7/2011 4:52:42 PM, OreEle wrote:
At 5/7/2011 4:32:48 PM, darkkermit wrote:
At 5/7/2011 11:35:21 AM, OreEle wrote:
I can't think of a better way to destroy our economy.

Explain yourself?

"Entrepreneurship creates jobs and wealth."

Capitalism 101 mid-term test

1) What % of businesses fail within their first 5 years?

All the more reason to teach people how to be successful at capitalism.

2) Using your understanding of economics, what would happen if every worker were to quit working for others and create their own company?

People would start comparing their ideas, and those who are less confident in their new ideas will join those who are more confident. People aren't stupid.

3) What are the driving forces behind why new businesses fail, and what can entrepreneurs do to minimize these forces?

Probably bad luck and mistaken management. Bad luck would require some insurance system or something. Mistaken management would require more teaching in capitalism.

Entrepreneurship does not create jobs or wealth. Innovative ideas create jobs and wealth.

Tell that to the guy who owns three hot dog stands. Hot dog stands weren't innovative, but hot dog stands in that area apparently were, and that's what counts.
wjmelements
Posts: 8,206
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5/7/2011 11:08:25 PM
Posted: 5 years ago
At 5/7/2011 10:59:54 PM, FREEDO wrote:
Schools should teach whatever kids want to learn.

Elective education?
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FREEDO
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5/7/2011 11:31:53 PM
Posted: 5 years ago
At 5/7/2011 11:08:25 PM, wjmelements wrote:
At 5/7/2011 10:59:54 PM, FREEDO wrote:
Schools should teach whatever kids want to learn.

Elective education?

Democratic Education.

Libertarians on the right only seek to remove unaccountable authorities from the government. I wish to see it done to the workplace, the classroom, and the family as well.
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Ragnar_Rahl
Posts: 19,297
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5/8/2011 10:14:53 PM
Posted: 5 years ago
At 5/7/2011 11:31:53 PM, FREEDO wrote:
At 5/7/2011 11:08:25 PM, wjmelements wrote:
At 5/7/2011 10:59:54 PM, FREEDO wrote:
Schools should teach whatever kids want to learn.

Elective education?

Democratic Education.

Libertarians on the right only seek to remove unaccountable authorities from the government. I wish to see it done to the workplace, the classroom, and the family as well.

The workplace is accountable to the customers. When it does its accounting, it finds out the approval rating the customers gave it. If the rating is bad, it changes or dies. ^_^.

Classrooms and families act similarly in the absence of state sponsorship.
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
Ragnar_Rahl
Posts: 19,297
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5/8/2011 10:17:59 PM
Posted: 5 years ago
In any case-- what sort of schools does OP mean? If our country is capitalist, the government cannot say "poof-- teach capitalism to students." Education institutions will make the decision privately and students will enter or exit at will in knowledge of their decision.
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
mongeese
Posts: 5,387
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5/8/2011 10:28:26 PM
Posted: 5 years ago
At 5/7/2011 11:31:53 PM, FREEDO wrote:
At 5/7/2011 11:08:25 PM, wjmelements wrote:
At 5/7/2011 10:59:54 PM, FREEDO wrote:
Schools should teach whatever kids want to learn.

Elective education?

Democratic Education.

Libertarians on the right only seek to remove unaccountable authorities from the government. I wish to see it done to the workplace, the classroom, and the family as well.

Removing unaccountable authorities from the workplace? As in, the worker works whatever hours he wants, and the manager pays the worker whatever he feels that the worker deserves?

And how you intend to apply the same philosophy to families is beyond me.
darkkermit
Posts: 11,204
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5/9/2011 3:41:32 AM
Posted: 5 years ago
At 5/8/2011 10:17:59 PM, Ragnar_Rahl wrote:
In any case-- what sort of schools does OP mean? If our country is capitalist, the government cannot say "poof-- teach capitalism to students." Education institutions will make the decision privately and students will enter or exit at will in knowledge of their decision.

Yea, state-sponsored schools shouldn't exist. I'm for school vouchers. Perhaps even full privatization.

Well, teach decisions that are used to succeed in a capitalist society: Entrepreneurship, savings, investing, trading, etc.

Tell students how certain skills will improve their human capital and how to apply it.
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Ragnar_Rahl
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5/9/2011 4:08:43 AM
Posted: 5 years ago
In other words, teach business?
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
Ore_Ele
Posts: 25,980
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5/9/2011 12:34:28 PM
Posted: 5 years ago
At 5/7/2011 10:47:41 PM, mongeese wrote:
At 5/7/2011 4:52:42 PM, OreEle wrote:
At 5/7/2011 4:32:48 PM, darkkermit wrote:
At 5/7/2011 11:35:21 AM, OreEle wrote:
I can't think of a better way to destroy our economy.

Explain yourself?

"Entrepreneurship creates jobs and wealth."

Capitalism 101 mid-term test

1) What % of businesses fail within their first 5 years?

All the more reason to teach people how to be successful at capitalism.

Then they wouldn't be teaching kids about being an entrepeneur. They'd be teaching them to be workers (being a worker = low chance of being highly successful and low chance of failing miserably)

Schools should teach kids of capitalism, not to be capitalists.


2) Using your understanding of economics, what would happen if every worker were to quit working for others and create their own company?

People would start comparing their ideas, and those who are less confident in their new ideas will join those who are more confident. People aren't stupid.

more confidence =/= better idea. Biggest fault of capitalism and the free market is the belief that people are all knowing (that they know what the best deal is or what is best for them).


3) What are the driving forces behind why new businesses fail, and what can entrepreneurs do to minimize these forces?

Probably bad luck and mistaken management. Bad luck would require some insurance system or something. Mistaken management would require more teaching in capitalism.

bad luck?

1) A bad idea/product
2) Lack of experience
3) Lack of management/accounting skills (sure, they may know the product they are trying to sell, but not how to run a business selling that product)
4) Lack of capital
5) Too much growth (sad, isn't it? This is mostly, growing, but not building a foundation for the company and it implodes on itself).


Entrepreneurship does not create jobs or wealth. Innovative ideas create jobs and wealth.

Tell that to the guy who owns three hot dog stands. Hot dog stands weren't innovative, but hot dog stands in that area apparently were, and that's what counts.

Never said the product had to be innovative, just the idea.

Also, you can take your innovative ideas and sell them to others (meaning you are not being an entrepeneur, but you are still creating jobs and wealth). Ultimately, it still comes down to those ideas, not the ownership.

And so, if anything, schools should be teaching children how to logically think, critically think, and to think outside of the box.
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Greyparrot
Posts: 14,312
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5/9/2011 1:40:41 PM
Posted: 5 years ago
Schools should prepare students for failure, not success.

I'm so sick of teachers too afraid to hand out an F.

The school system does not prepare you for anything except how to follow orders and be a sheep.
Ore_Ele
Posts: 25,980
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5/9/2011 1:50:50 PM
Posted: 5 years ago
At 5/9/2011 1:40:41 PM, Greyparrot wrote:
Schools should prepare students for failure, not success.

Is that the school's job or the parents'?


I'm so sick of teachers too afraid to hand out an F.

The school system does not prepare you for anything except how to follow orders and be a sheep.

I think that is a bit of an exaggeration.
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Greyparrot
Posts: 14,312
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5/14/2011 6:52:00 PM
Posted: 5 years ago
At 5/9/2011 1:50:50 PM, OreEle wrote:
At 5/9/2011 1:40:41 PM, Greyparrot wrote:
Schools should prepare students for failure, not success.

Is that the school's job or the parents'?


I'm so sick of teachers too afraid to hand out an F.

The school system does not prepare you for anything except how to follow orders and be a sheep.

I think that is a bit of an exaggeration.

Is it really? How many public schools actually prepare an 18 year old for college, or anything in life that requires problem solving skills.
kowalskil
Posts: 68
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5/16/2011 3:14:27 PM
Posted: 5 years ago
At 5/7/2011 12:51:24 PM, belle wrote:
At 5/7/2011 11:35:21 AM, OreEle wrote:
I can't think of a better way to destroy our economy.

how bout teaching kids that the world runs on love and kindness? lol

That would confuse them.

.
.
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Aaronroy
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5/24/2011 5:23:20 PM
Posted: 5 years ago
At 5/7/2011 4:52:42 PM, OreEle wrote:
At 5/7/2011 4:32:48 PM, darkkermit wrote:
At 5/7/2011 11:35:21 AM, OreEle wrote:
I can't think of a better way to destroy our economy.

Explain yourself?

"Entrepreneurship creates jobs and wealth."

Capitalism 101 mid-term test

1) What % of businesses fail within their first 5 years?

Yes, economical natural selection. You're point?
2) Using your understanding of economics, what would happen if every worker were to quit working for others and create their own company?

He is not saying that instinctively people would flock to creating privately-owned businesses. He's just reinforcing his ideology that privately-owned businesses should continue to exist. If not an able-bodied citizen to run the business, who is to run it? The Federal Government, you say? Oh, you crack me up, Zedong!
3) What are the driving forces behind why new businesses fail, and what can entrepreneurs do to minimize these forces?

Again, @natural selection. Entrepreneurs by definition should be, and are, accountable for the perceived risks of the trade.

Entrepreneurship does not create jobs or wealth. Innovative ideas create jobs and wealth.

How does an innovative idea create job and wealth by its own self?

And entrepreneurs create the businesses that manufacture the "innovative idea" into a product that can be bought by the general public, thus creating jobs (manufacturing, conception, and more) and wealth (money coming in from around the world from said product being bought.)
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OMGJustinBieber
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5/24/2011 5:27:53 PM
Posted: 5 years ago
Economics class should try to avoid a bias. My HS econ teacher failed at this, but my Intro to Macroeconomics was actually quite good at keeping objective. It can really screw with students when a teacher is teaching in a way that goes against their values. This will happen frequently in the social sciences, so I would really advise teachers to be objective instead of ideology preachers.
Reasoning
Posts: 4,456
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5/24/2011 5:51:11 PM
Posted: 5 years ago
Absolutely not. The farther the government schools are from approaching any subject they can twist, the better.
"What we really ought to ask the liberal, before we even begin addressing his agenda, is this: In what kind of society would he be a conservative?" - Joseph Sobran
darkkermit
Posts: 11,204
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5/24/2011 10:56:39 PM
Posted: 5 years ago
At 5/24/2011 5:51:11 PM, Reasoning wrote:
Absolutely not. The farther the government schools are from approaching any subject they can twist, the better.

You act like they don't do that already. Literature, and history are the two easiest subjects to twist and create huge biases.

Economics can be "twisted" sort of,but it tends to favor free markets, however it uses more logic based reasoning then literature and history ever does.

Also, its not that teaching capitalism is about teaching an ideology twist, it's about teaching students tools to go out and make a profit. Essential, similar to a business school.
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SuperRobotWars
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5/25/2011 9:07:34 AM
Posted: 5 years ago
If you want to teach capitalism, allow students to sell goods and preform services during school hours as well as employ other students to assist them without fear of being given detention or suspension and other such sanctions by teachers. Allow students to do this with moderate regulation [keep weapons out of schools and potentially charge a small tax on all goods and services preformed by students] and you could teach them the basics of capitalism and much more, if you did this in the poorer neighborhoods I do believe you could see an significant decrease in gang violence and other such crime activities for you have taught them capitalism and all of its glory and given them new sets of skills [business]. This is how I would go about it at least.
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