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In Defense Of Capitalism
Overview
How do the rich impact the lives of those around them? What has been the fruit of capitalism? Is capitalism moral? In this segment John Stossel and Yaron Brook defend capitalism from its critics.
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Grade level and subjects
• Recommended for grades 6-12
• Subjects: Business and Economics
• Works in Classroom, Hybrid, and Homeschool settings
What students will learn
By the end of this lesson, students will be able to:
• explain various views of capitalism;
• describe how capitalism has changed the world;
• discuss the voluntary nature of capitalism vs socialism; and
• evaluate the benefits and drawbacks of capitalism.
Sample discussion questions
• Does it affect you how much (money, stuff) others have? Why / Why not?
• Why do you think socialism is viewed positively by so many people?
• How did J.K. Rowling, author of the Harry Potter series, get so wealthy? Did she take advantage of anyone? Did she force anyone to buy or read her books? What lesson does this teach us?
• How can one’s pursuit of his own happiness benefit others?
• Based on your study of history, do you agree with Yaron Brook that almost everyone on Earth was poor hundreds of years ago? How did that change? Does your answer support or contradict Yaron Brook’s statement?
What’s in the free teacher’s guide
This printable 12-page Teacher's Guide includes a lesson description, learning objectives, 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.



