Skip Nav

Difference Between Capitalism and Communism

Key Differences Between Capitalism and Communism

❶North Korea might make some claims, too. Showed next characters.

Report Abuse

Essays on Capitalism vs communism
Content: Capitalism Vs Communism
Popular Right Now

In the case of Capitalism, the labor force believes that education, hard work, patience and connections can lead to prestige and wealth for everyone. Any negative issues that arise from the combination of human nature and competition are simply a small price to pay for the immense opportunities offered by the system.

Socialism expects just the opposite from its workers. Socialists believe that the natural human need to care for each other is built into the concepts of collective control. They feel that the workers will accept and embrace the loss of control to governmental authority as an exchange for the betterment of society. For these two methods, the freedom or control of the worker is what makes their policies successful.

The level of social care is also defined by these different views. Socialists build every part of their system around the needs of the people. Socialistic governments have high tax rates, so as to pay for the social programs, such as medical care.

Programs are funded by government transfer of wealth. The competitive drive of the Capitalist demands that each person choose to work hard for what they need. In short, it has the danger of killing creativity and original thinking. Capitalism, on the other hand, feeding selfish desires can create capitalist autocrats who can have control of life and death over thousands of people, leading to exploitation.

Society Communism advocates a classless, egalitarian society, where all men and women are placed on the same footing. There will be no differences of class, race, religion or even nationality! This way, there will be nothing to fight for.

This is nice as an idea, but trying to implement this idea is tough and asking people to give up all the things that make them different, is unfair! Every person is special and different in his own way. Capitalism promotes class distinction. In fact creates the major class distinction of haves and have-nots, the rich and the poor. The rich get richer and the poor get poorer under pure capitalism.

The rich class controls the means of production and wields power, thereby imposing their own class distinction and whims on the society. Anatomy of Power Communism appeals to the higher ideal of altruism, while capitalism promotes selfishness. Let us consider what will happen to power distribution in both these ideologies. Capitalism naturally concentrates wealth, and therefore, power in the hands of the people who own the means of production.

So, it creates the rich elite who control wealth, resources, and power. So, naturally they decide the distribution of power. In communism, ideally, if all of mankind was of saintly nature, altruistic and selfless, the distribution of power would be equal.

All decisions would be made by democratic means and there would be no unjust rules favoring a few. However, that is not the case here, people are inherently selfish and the nature of power is such that it corrupts minds and absolute power corrupts absolutely. We have the example of how communism can concentrate absolute power over a whole nation, in the hands of a single man, in Stalinist Russia. So, both the ideologies can fail and create an unjust society. Ultimately what we need, is a balanced approach, which is a combination of good points in both the ideologies.

A mixed economy where the state has control over all the vital resources of a nation, provides welfare for the needy, while also promoting free entrepreneurship. Hope, this article has illuminated you about the basic points of difference in the ideologies.

The similarities are that both systems are based on public ownership of the means of production and centralised planning Different Forms of Government 1. Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy During times like the Cold War people thought of communism as a terrible and almost evil way to run a country but now it is understood that it's just a way to organize a country Democracy Verses The Red Machine Communism can be regarded as a social system in which property is owned by the community and each member works for the common benefit.

Such an ideal where the community as a whole works for equal benefit may seem to paint the perfect picture at first but this theory becomes tainted Communism Karl Marx is known as the "Father" of communism.

He is recognized for this because in he wrote the Communist Manifesto.

Recently Posted

Main Topics

Privacy Policy

Keywords: communism vs capitalism essay Communism and capitalism, the totally opposite systems, always fight, although the capitalism is a bit older than the dommonet.tk most important ones of these fights date back to the Cold dommonet.tk war was between the countries of Warsaw Pact and the ones of NATO(North Atlantic Treaty Organization).Actually, the primary participants' military forces.

Privacy FAQs

capitalism vs communism essaysCapitalism and Communism are two entirely diverse economic systems. Capitalism is an economic system characterized by freedom of the market. Capitalism has many pros to go along with its economy. The government will change gradually, but .

About Our Ads

Communism vs Capitalism Essay - Capitalism vs. Communism Throughout history, there have been many systems developed in order to have a better society. Two of the most analyzed, and debated systems that have tired to change an economy for the best are communism, and capitalism. Communism vs Capitalism Essay brought up nowadays. Two of the most debated, analyzed and argued about are Communism and Capitalism. Communism is a system of government where everyone and everything is considered equal, you work for the benefit of society. In other words, all the work you accomplish or funds you make go to the government.

Cookie Info

CAPITALISM VS. COMMUNISM Capitalism and communism are very different in their political and economic views. The two are economic systems that attempt to solve the social and economic problems faced by many people. Capitalism vs. Communism Throughout history, there have been many systems developed in order to have a better society. Two of the most analyzed, and debated systems that have tired to change an economy for the best are communism, and capitalism.