In class we were all given an amount of starbursts, we did not all get the same amount, but everyone got between one and ten each. then we were instructed to gamble our starbursts using rock paper scissors. Whoever won got to take one of the losers starbursts. This began to get violent, people were getting angry and some people started stealing and others were just frustrated that they didn't have any left. At the end Ms. Bailey came around and collected all the starbursts and distributed them evenly.
Adam Smith thought that instead of a government trying to figure out how to manage an economy, they would leave the economy alone for the people to deal with themselves, the only problem was the risk of unemployment rates spiking. Smith thought this would benefit the poor because stores would be battling for customers so they would have competitively low prices. Karl Marx thought that if he could have the government control the wealth of the economy, he could distribute the wealth evenly. The goal was to have a classless economy, where everyone worked the same amount and was paid the same amount and had the same amount of stuff. The problems with an economy like this were that there was no motivation for one person to work hard because they would all receive the same in the end.
I think that capitalism is the best form of economy because you are able to get out what you put into the economy.I think this is the best because people have the option to thrive which would encourage them to work hard and create a healthy economy.
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