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Ideas Laissez-faire means to "let it be"; opposed to government intervention in economics because capitalists believe it introduces inefficiencies. A free market produces the best economic outcome for society. Govt. should not pick winners and losers. All individuals should have access to basic articles of consumption and public goods to allow for self-actualization. Large-scale industries are collective efforts and thus the returns from these industries must benefit society as a whole. Religion Permitted/Freedom of Religion Freedom of religion, but usually promotes secularism. Economic System Market-based economy combined with private or corporate ownership of the means of production. Goods and services are produced to make a profit, and this profit is reinvested into the economy to fuel economic growth. The means of production are owned by public enterprises or cooperatives, and individuals are compensated based on the principle of individual contribution. Production may variously be coordinated through either economic planning or markets. Philosophy Capital (or the "means of production") is owned, operated, and traded for the purpose of generating profits for private owners or shareholders. Emphasis on individual profit rather than on workers or society as a whole. From each according to his ability, to each according to his contribution. Emphasis on profit being distributed among the society or workforce to complement individual wages/salaries. Key Proponents Adam Smith, David Ricardo, Milton Friedman, Fredrich Hayek, Ayn Rand, Murray Rothbard Robert Owen, Pierre Leroux, Karl Marx, Fredrick Engels, John Stuart Mill, Albert Einstein, George Bernard Shaw, Thorstein Veblen, Emma Goldman. Political System Can coexist with a variety of political systems, including dictatorship, democratic republic, anarchism, and direct democracy. Can coexist with different political systems. Most socialists advocate participatory democracy, some (Social Democrats) advocate parliamentary democracy, and Marxist-Leninists advocate "Democratic centralism". Economic coordination Relies principally on markets to determine investment, production and distribution decisions. Markets may be free-markets, regulated-markets, or may be combined with a degree of state-directed economic planning or planning within private companies. Planned-Socialism relies principally on planning to determine investment and production decisions. Planning may be centralized or decentralized. Market-socialism relies on markets for allocating capital to different socially-owned enterprises. Political movements Classical liberalism, Social liberalism, Libertarianism, Neo-liberalism, Modern Social-Democracy, Anarcho-Capitalism Democratic Socialism, Communism, Libertarian Socialism, Anarchism, Syndicalism. Private Property Private property in capital goods is the dominant form of property. Public property and state property play a secondary role, and there might also be a limited number of collective property in the economy. Two kinds of property, personal property, such as houses, clothing, etc. owned by the individual. Public property includes factories, and means of production owned by the state but with worker control. Social Structure Classes exist based on their relationship to the means of production: the ruling class, or "capitalists", own shares of the means of production and derive their income in that way. In contrast, the working class is dependent on wages or salaries. Class distinctions are diminished. Key elements The accumulation of capital drives economic activity - the need to continuously produce profits and reinvest this profit into the economy. "Production for profit": useful goods and services are a byproduct of pursuing profit. Economic activity and production especially are adjusted to meet human needs and economic demands. "Production for use": useful goods and services are produced specifically for their usefulness. Definition A theory or system of social organization based on the free market and privatization in which ownership is ascribed to the individual persons. A theory or system of social organization based on the holding of most property in common, with actual ownership ascribed to the workers. Way of Change Fast change within the system. In theory, the relationship between buyer and seller (the market) is what fuels what is produced. Government can change rules of conduct/business practices through regulation or ease of regulations. Workers in a Socialist-state are the agent of change rather than any market or desire on the part of consumers. Change by the workers can be swift or slow, depending on change in ideology or even whim. Ownership structure The means of production are privately-owned and operated for a private profit. This drives incentives for producers to engage in economic activity. The means of production are socially-owned with the surplus value produced accruing to either all of society (in Public-ownership models) or to all the employee-members of the enterprise (in Cooperative-ownership models). Free Choice All individuals make decisions for themselves. People will make the best decisions because they must live with the consequences of their actions. All choices, including education, religion, employment and marriage, are up to the individual. All health care and education is provided through a socialized system funded by taxation. Citizens have free and equal access. Examples The modern world economy operates largely according to the principles of capitalism. The UK, US, and Hong Kong are mostly capitalist. Singapore is an example of state capitalism. Union of Soviet Socialist Republics (USSR): Although the actual categorization of the USSR's economic system is in dispute, it is often considered to be a form of centrally-planned socialism. Discrimination Government does not discriminate based on race, color, or other arbitrary classification. The people are considered equal, laws are made when necessary to protect people from discrimination.

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Capitalism vs Socialism - Difference and Comparison | Diffen

Tea Party Simulator 2014 - I #39;m a Gentleman
Has the simulator fad gone to far? Or do Teddy just want tea? Game: http://steamcommunity.com/sharedfiles/filedetails/?id=317338846 MattShea369: https://www....

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Tea Party Simulator 2014 - I'm a Gentleman - Video

The Tea Party 2014
For a collaboration assignment at the beginning of 2014, my partner and I had to choose a local brand to work with. The brand we chose was called pINK - a local tattoo artist in Duban. The...

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The Tea Party 2014 - Video

Play-doh DISNEY Sofia the First TEA PARTY Set Review
Play-Doh playlist: http://bit.ly/FunPlaydoh Surprise Toys playlist: http://bit.ly/surprisetoys Candy Reviews playlist: http://bit.ly/funcandy Here #39;s a Play-doh review of Disney Sofia the First...

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Play-doh DISNEY Sofia the First TEA PARTY Set Review - Video

The Tea Party protests were a series of protests throughout the United States that began in early 2009. The protests were part of the larger political Tea Party movement.

Among other events, protests were held on:

Most Tea Party activities have since been focused on opposing efforts of the Obama Administration, and on recruiting, nominating, and supporting candidates for state and national elections.[8][9] The name "Tea Party" is a reference to the Boston Tea Party, whose principal aim was to protest taxation without representation.[10][11] Tea Party protests evoked images, slogans and themes from the American Revolution, such as tri-corner hats and yellow Gadsden "Don't Tread on Me" flags.[3][12] The letters T-E-A have been used by some protesters to form the backronym "Taxed Enough Already".[13]

Commentators promoted Tax Day events on various blogs, Twitter, and Facebook, while the Fox News Channel regularly featured televised programming leading into and promoting various protest activities.[14] Reaction to the tea parties included counter-protests expressing support for the Obama administration, and dismissive or mocking media coverage of both the events and its promoters.[14][15]

The theme of the Boston Tea Party, an iconic event of American history, has long been used by anti-tax protesters with libertarian and conservative viewpoints.[16][17][18][19][20] It was part of Tax Day protests held throughout the 1990s and earlier.[21][22][23] The libertarian theme of the "tea party" protest has also been used by Republican Congressman Ron Paul and his supporters during fundraising events in the primaries of the 2008 presidential campaign to emphasize fiscal conservatism, which they later claimed laid the groundwork for the modern-day Tea Party movement.[24][25][26][27][28][29]Young Americans for Liberty, with the endorsement of Rep. Paul, organized a protest in late-2008 for January 24 the following year with participants dressing in Native American costumes and dumping soft drinks into New York's Susquehanna River in protest of former NY Governor David Paterson's proposed 18% tax increase on soda.[30][31] As home mortgage foreclosures increased, and details of the 2009 stimulus legislation became known, more organized protests began to emerge.[32][33][34]

On January 19, 2009, Graham Makohoniuk, a part-time trader and a member of Ticker Forum, posted a casual invitation on the market-ticker.org forums to "Mail a tea bag to congress and senate,"[35] a tactic that had first been attempted by the Libertarian Party in 1973.[36] The idea quickly caught on with others on the forum, some of whom reported being attracted to the inexpensive, easy way to reach "everyone that voted for the bailout."[37]

Forum moderator Stephanie Jasky helped organize the group and worked to "get it to go viral."[38] Jasky is also a member of FedUpUSA - a fiscally conservative, non-partisan activist group whose members describe themselves as "a group of investors" who sprung out of the market-ticker.org forums.[39] The group had previously held D.C. protests in 2008.[40][41] On January 19, 2009, Jasky had posted a formal invitation "to a commemorative tea party."[42] She suggested that supporters, in a coordinated effort, send tea bags on February 1, 2009.[38]

The founder of market-ticker.org, Karl Denninger, a stock trader and former CEO,[43] published his own write-up on the proposed protest. Titled "Tea Party February 1st?", it railed against the bailouts, the national debt and "fraud and abuse in our banking and financial system" which included the predatory lending practices currently at the center of the home mortgage foreclosure crisis.[44] Karl Denninger, who helped form FedUpUSA in the wake of the March, 2008 Federal Reserve bail out of Bear Sterns, had been a guest on both Glenn Beck and CNBC.[45] By February 1, the idea had spread among conservative and libertarian-oriented blogs, forums, websites and through a viral email campaign,[46] and Denninger has since been credited as one of the founders of the movement, and the organizer for the first Tea Party event.[47][48]

On February 11, 2009, talk radio host and Fox Business Network personality Dave Ramsey appeared on Fox and Friends, waving tea bags and saying: "It's time for a Tea Party."[34] He was on the show criticizing the newly confirmed Secretary of the Treasury Timothy Geithner, who that morning had outlined his plan to use the $300 billion or so dollars remaining in the TARP funds.[49]

The dominant theme seen at some of the earliest anti-stimulus protests was "pork" rather than tea.[50] The term "porkulus" was coined by radio talk-show host Rush Limbaugh on his January 27, 2009 broadcast,[51] in reference to both the 2009 stimulus bill, which had been introduced to the House of Representatives the day before, as well as to pork barrel spending and earmarks.[52] The term proved very popular with conservative politicians and commentators,[53] who began to unify in opposition against stimulus spending after the 2008 General Election.[54]

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Tea Party protests - Wikipedia, the free encyclopedia