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Building Fluency: How Does Capitalism Work?

Updated: Jan 11, 2023

These materials below will help you to prepare for fluency building lessons on the topic: Capitalism & The Economy.


How to use the materials:

Firstly, look at the topic questions - we will start the lesson by answering these. Then look at the materials that I have chosen to help you to start building your vocabulary and ideas around the topic and to answer the questions. Each material has been given an approximate difficulty level to understand which will suit you best.


The main focus of individual lessons is to use the materials as the basis of natural conversation about the topic to give you the opportunity to really develop your speaking skills, identify missing vocabulary, correct grammatical and pronunciation errors and actively teach you skills that will bring your English forwards.


When using the materials, write down any new vocabulary that you think you would need to talk about the topic - Any new vocabulary can be learnt most effectively using Anki flashcards. If you find a lot of new vocabulary, set a limit to how much you want to learn and only learn what you think is most relevant for yourself. Also, make a note of any questions that you have about the language or grammar used in the materials to discuss together.



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Capitalism & The Economy



Questions

  1. What is Capitalism?

  2. Who are the winners and losers within a capitalism system?

  3. To what extent can (or should) a Government interfere with the free market?


Materials

Britannica Kids, despite being created for younger learners is actually a brilliant resource for language learners wanting to expand their vocabulary. The entry Capitalism gives a very detailed overview of everything you would want to know about Capitalism. Given that it's so long, I'd suggest only looking at the sections that look most interesting to you. (B1 - B2).


A brilliant article from the International Monetary Fund called Back to Basics: What Is Capitalism? gives a succinct (and slightly philosophical) description of what Capitalism is and how it works. (C1 - C2).


The video below, made in collaboration with World Economic Forum is worth watching for a bit of listening practice as they consider the notion that Capitalism could be a 'broken' system. (B1 - B2).


Lastly, The Onion (a satirical website) make an interesting comparison between Capitalism and Socialism - what do you think?


Over to you

Having thought about the topic questions to answer and looked through some of the materials you are ready to talk about this topic for some excellent speaking practice and to activate any new language you have learnt!



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