Our group today did not achieve maximum success, as we did not achieve every goal that we wanted to. In the beginning we were inefficiently trading resources with other groups, which led us to a pitfall of terrible trades. I know that we were unsuccessful as we only fulfilled half of our goals, and the process was slow and agonizing.
What helped your group to succeed? What held you back?
Our group began to succeed in the middle of the experiment as we got used to what was happening. This lead us to actually understanding the concept of trading, and put us on a spree of good trades. However, it was not enough time for us to come back. Also, what held us back was the original disadvantage we were placed with. As group 4 experienced the least amount of resources, and the hardest things to build, we were set back from the beginning, as well as the time it took for us to understand the concept of trading. Overall, it was very unlikely for us to succeed in this case, but if we had another chance to do so, it would be done.
What does our experiment reveal about success in capitalism/the American Dream (e.g. hard work = improved status?)
This trading resources experiment reveals that success in a capitalistic society, is not always based on hard work. Hard work definitely makes a difference in where you will end up. However, when one is naturally placed in an advantageous situation, it makes him or her much more likely to exceed economically. Overall, hard work will always make you better off than those who have the same opportunity as you, however it will not always place you above those who have privileges over you.
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