Instructional Objectives for this activity:

• Apply the concepts of ethnocentrism and cultural relativism to your own perceptions and interactions.

• Apply the basic ideas and focus of the following three major theoretical perspectives: the structural-functional paradigm, the conflict paradigm, and the symbolic interaction paradigm.

Our book talks about the globalization of capitalism. That is, often the systems used within dominate cultures "spread" to other areas of the world. Conversely, opposing systems can work their way into dominate culture as well. When thinking about the United States, do we trend towards being a capitalist society or are we based on socialism?

Please respond to all of the following prompts:

1. Define Capitalism and Socialism.

2. Which do you see as being dominate in the United States?

3. What are some pros and cons of each?

• List at least one positive and one negative of Capitalism:

• List at least one positive and one negative of Socialism:

4. Apply Functionalism to Capitalism.