Do you think if US kids were taught Capitalism in school they'd be more likely to succeed in the capitalistic

Question

world?

1) Econ 101 isn't taught until freshman year of college & that's only it kids choose to take that class.

2) The US education system is as liberal as it can get which means Socialism is taught much more than capitalism.

3) And when you teach students who are poor socialism they tend not to want to pursue careers in the business world and that means they generally stay poor.

4) Andrew Carnegie was a poor immigrant from Scotland with a few dollars in his pocket and he became a billionaire because he learned Capitalism.

Answer 1

US kids grow up with capitalism, so they are already very familar with it, even if they haven't thought out and put names to specific concepts. They already understand it on an instinctual level.

Certainly it would be helpful to teach basic economics, and I'd love to see some economics books like Free to Choose or Economics in One Lesson be required reading.

I think what would be even more helpful would be a Finance course. Teach them what money actually is, techniques on how to save, what stocks and bonds are and how they are used in investments, real estate, the good and bad uses of credit, the fact that buying stuff only increases your happiness a little, while the debt you incurred will decrease your happiness, etc.

Answer 2

No

There has been a trend to reward students for participation and activities designed to enhance self esteem. The kids that are most able to handle the world outside of academics are those that have been challenged, failed, and still manged to make it though on second effort. The current state of affairs is due to dumbing down the class to the lowest common denominator, Excessive abuse of the concept of political correctness, and the inability to maintain disciplined in the classroom.

It is much easier to lower the bar, so that it is easier to meet the definition of success than it is to raise the bar and put forth the extra effort so they can be more of an asset in the workplace.

Answer 3

No .Majority of capitalist were born in rich families,this is like a club.Of course the Education and ideas do help and if you are able to involve your self at the start of an age.Bill Gates and Henry Ford I can give as two best examples,Others who rose from absolute poverty like Mr.Honda had the vision and perfectionist ideology.But most of them came from family business.

Answer 4

The school system in America is set up to teach kids how to be employees and soldiers. It doesn't encourage entrepreneurship or questioning of ideas readily. So what you're really asking for is a basic shift in the way US schools are set up.

Answer 5

Yes I think you're right as this is the most essential skill they will need to survive in todays World. How about compulsory games of Monopoloy and the losers get kicked around the classroom after so they can see what they have to look forward to?

Answer 6

No cause someone elses theories,interpretation or teaching on Capitalism would not streetwise students enough to benefit from the hidden constantly changing corruption keeping the masses lost,confused & set-up for the fleecing etc.

Answer 7

Maybe. It's up to the person. There would be a lot more success seen if basic reading and writing was stressed.

Answer 8

Teaching them capitalism implies you would need to teach them other forms of society like communism... good luck with that!

Answer 9

U.S. kids ARE taught about Capatilism in school, so I would dismiss this question on lack of foundation.

Answer 10

Economics is taught in 9th grade.