dunno how to quote here but -
Naw, I can't make cookies, my cooking tastes like shit. My husband does all the cooking in my house, I clean up and do the washing up.
Anyway I'm too busy practicing my axe kick for my upcoming tkd class - RRRRAAAAARRRRR!!!!!! *crash* *bang* *wallop* and other old batman series sounds.
Economics 101 -
Seeing as Strong Island doesn't want to enlighten us, I thought I might.
Capitalism - in its modern form originally outlined by Adam Smith in the Wealth of Nations. Bsed on the principles of supply and demand setting prices, wages etc. Incidentally, Smith imagined society as a network of independent contractors, not a society of wage-slaves. he imagined EVERYONE would be self-employed. Scott Adams actually talks about this quite a lot in some of his books, although he's not exactly a prominent economic theorist.
Socialism - concentrates on the added value that results from labour, and points out that a few individuals amass the profit from other's labour. theory is that ALL added value comes from labour, hence labour is the only important commodity. The theory of socialism doesn't include JUST political socialism, it's also relevant in terms of how we percieve economic theory. Marx may not have known shit about politics and human nature, nevertheless, his ideas are interesting from an anlytical point of view, also his view on conducting historical research, and on linguistics, particularly sociolinguistics...
Social Democracy - realises that unbridled capitalism is ok if everyone starts from a level playing field. However, one generation on, this isn't so, and so the dynamics of the cream rising to the top put forward by Smith don't apply any more, and you get a dissatisfied underclass. Hence it being in everyone's interest to allow equality of opportunity.
The Economist some time ago had an interesting article on the subject of economic politics that said that socialism missed the main point - that inequality was not the problem, but people living in poverty was. Make sure no-one is living in abject poverty they have no way out of and many social problems will disappear. If you exclude people from social participation or refuse to give them the chance to better their situation you create an underclass with nothing to lose -> crime, violence, anti-social stone-age tribal behaviour.... I can't remember which issue, it would have been about 6 months ago. Give them something useful and beneficial to do and it keeps people occupied and in society.
There you have in, economics 101....