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Midterm 2 Questions - Midterm 2 Questions MUST ANSWER-1...

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Midterm 2 Questions MUST ANSWER--- 1) What is the basic issue between capitalism and socialism? What side are you on and why? Answer- Paragraph 1- Can capitalism be morally defended? The issue is whether or not capitalism can be morally defended. Capitalists say “yes” Socialist say “no” Paragraph 2- Carl Cohen – socialist Define socialism – 1) public ownership 2) planning production and distribution for the common good Present the 2 arguments for – find in article on his website Paragraph 3- Any Rand – capitalist Define capitalism Present the 2 arguments for– find in article on his website Paragraph 4- Present your views ----------------------------------------------------------------------------------------------------------- - 2) In your text is the following statement – if the adherents of the broader view share one belief, it is that corporations have responsibilities beyond simply making profits because they have such a great social and economic power in our society. With that power comes social responsibility.
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