Chapter 3; Essays - Capitalism, Economic Liberalism, Profit

Chapter 3; The main points of the chapter explain how the middle class is slowly disappearing because there is more of a line drawn between the upper class and lower class, how technology is beginning to take over jobs, and how the egos of those in charge result in social control and hinder efforts to help the lower class be more successful. The video's main points include the fact that capitalism is a breeding ground for racism, we need to implement cooperative economics in order to help the black community move out of poverty, and how we need money, training, and people to create a healthy union that includes new, union, living wage jobs. The video presents the solution of "firing the boss" in order to level the playing field. Both critique capitalism, which allows people to make money off of other peoples' labor, this is especially prevalent in the white community and is made worse by trading between other countries. Both are advocating for the working class. The chapter describes the i ssues the working class is facing presently and has faced in the past, but the video presents a solution to the issues. Chapter 4; Both the video and the chapter discuss the cost of higher education and its value. The main points of the chapter include the fact that students that come from low-income families struggle to make it into the FTE sector, that white students are far more privileged and have an easier time in terms of obtaining reasonable jobs, and that the rising costs of public education, the amount of private colleges, and the loan process set students up for failure. The video's main points are that even if a person goes to college and obtains a degree, that doesn't mean they'll get a job, that people need a balance of book smarts and street smarts to succeed in life, and that knowing who you are, what you know, and knowing the right people are essential to success in the work field. While both the chapter and the video critique the education system, they approach the subjects in different ways. For example, the chapter focuses on low-income students and their disadvantages, while the vide o is more concerned with the student population as a whole. Both are in accordance with the fact that simply going to school is not enough. They both emphasize how important it is to make connections with people above you in whatever field you are trying to master. Not only are both the chapter and the video critical of the tuition prices, but they are also critical of the way the United States handles student loans. Both agree that a degree is only a piece of paper; however, the chapter focuses more on explaining why a degree is not even worth it for some people, while the video pushes people to advocate for themselves and make it worth something by attacking the education system from a different angle.