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Capitalism Myths – Part 1

Apr 3, 2025 | Single Videos, Teacher's Guide Available, Kahoot!

Overview
Are billionaires stealing from the rest of us—or building the future? This lesson challenges students to rethink what they know about capitalism, monopolies, and wealth creation. Through a fast-paced video and critical discussion, students will confront economic myths and explore the surprising ways capitalism benefits society—even the poor.

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Grade level and subjects
• Recommended for grades 6-12
• Subjects: Economics
• Works in Classroom, Hybrid, and Homeschool settings

What students will learn
By the end of this lesson, students will be able to:
• identify common myths about capitalism presented in the video;
• summarize how entrepreneurs generate new wealth;
• analyze how the video challenges popular misconceptions; and
• evaluate the persuasiveness of arguments defending free-market capitalism.

Key concepts and terms covered
Capitalism, Entrepreneur, Monopoly, and Wealth Redistribution.

Sample discussion questions
• What are some myths about capitalism?
• Do rewards (also known as incentives) matter for entrepreneurs (and everyone!)? Why or why not?
• How does competition benefit consumers?
• How do these arguments compare with what you previously thought about capitalism?
• How would you defend or criticize the view on the role of billionaires in society?

What’s in the free teacher’s guide
This printable 13-page Teacher's Guide includes a lesson description, learning objectives, key vocabulary, a fill-in viewing guide with answer key, discussion and analysis questions, and classroom activities.

Standards alignment
Aligned to state standards — use the SITC Standards Tool to match this video to the standards in your state.