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Capitalism Myths – Part 1
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.



