The Three Isms - Capitalism, Socialism, and Communism - A couple of 12th graders break it down for us

Florida Congresswoman and Democratic Party Chairwoman Debbie Wasserman-Schultz recently got caught flatfooted while being asked to explain the difference between a Democrat and Socialist on a political talk show.  She either couldn't or wouldn't answer the question.  See a video clip below:

In reflecting on Bob's post from yesterday, which asked if socialism was in our future, I wondered if others might have trouble explaining the various 'isms'.  And then I recalled the movie Philadelphia. In that movie, Denzel Washington played a lawyer who, when questioning witnesses, would often say, "explain it to me like I'm a 4-year old".

The 12th grade authors of the video below about Socialism, Communism, and Capitalism appear to have put their piece together with the same simplistic idea in mind.  While they go a little overboard in trying to be neutral, the students, did a pretty good job conceptually.

I'm going to show this to a couple of kids a little older than 4 to see if they grasp it.  If they do, I'll ask them (separately) to answer this question:

Given that there's good and bad in each of the three systems, which would you pick and why?

In the meantime, take a look at the video and answer the question above for yourself.

KM