Is Communism better than Capitalism. First off, what is Communism. Communicms is an economic system where all property is publicly owned and everyone gets paid based on their ability and needs. So if its pulicly owned does the community own it, no. The government owns the land and people are paid based on their work. Communism is based on peoples ability to work and needs, and individulas are excpected to work for the common good of a community and not profit. The best examples of communism is the Soviet Union and China. An advantage of communism is everyone can get a job cause there are no economic boundires. The governemnt sees everyone equally dispite their difference in education, finances, ect. Since the governmnet controlles the buisnesses they controll what buinsesses are where -- So no one big furniture store will be next to a small furniture store -- They'd distribute the buisnesses based on the communitys needs. But hte disadvantages consits of: Totalitarianism --complete subservices to the state --, the restriction of human rights, political repression, poor economic performance.
Secondly, what is Capitalism. Capitalism is an economic system where a property is contolled by private owners for profit. So a single indicidual can own land or a buisness and control it with the soul interest in profit. Capitalisms entire purpose is for an individual to make profit. Examples of this would be, Andrew Carnegie, owning everything steel in 1897, every single, nail, bolt, screw, bar, beam, frame, rail, anything with steel he profitted from. Another example was, John D. Rockefeller, owned all the oil in 1870. They were so rich, and their buisnesses were si big if another steel or oil buisnesses tried to open they'd be bought out or forced to shut down. If someones industry or business gets big enough they could buy out and make it impossible for smaller businesses to grow leaving some people jobless. Thats one disadvantage of Capiialism, as well as lack of social benifits and the rich-poor disparity, and mainly monopolism. But the advantages consits of: freedom of choice, unlimited productivity, economic growth.
Is whats better Communism or Capitalism. Clearly Capitalism is more advantageous than Communism in every aspect in the economy. All the stakeholders like the common people, the state, the government, banks, and investors will benefit more in a Capitalist economy.
- Would you want live in a Communist society, and for how long
- What do think life is like for Communists
Replies
Great topic choice and good summary explaining these topics. You really need to post your sources though. This was posted four days late and you didn't reply to any student comments which is worth 30 points.
In my opinion communism aims for a classless society where resources are shared equally, while capitalism emphasizes individual ownership and free market competition.
I personally would not like to live in a communist society at all. I wouldn't want to because I would want to have a choice for who I want to elect into office and not be told instead. I think that life for the communists would be very controlling and unhappy.
Here is what i think life for Communists is like. I think that life for comunists is ok for them because they are used to it.