Essay A Comparison of Capitalism and Marxism

Two of the world’s most popular and diverse economic systems are Communism and Capitalism. Capitalism, or a free enterprise economy, is an economic system constructed by the freedoms of the marketplace. The capitalist economy has several promising advantages. The capitalist government subtly changes and adjusts to the current conditions with ease. A communist system can be defined as an economic system where many, if not all, factors of production are controlled and owned by the government.

Modern economic society can be described as a combination of certain points from several theories combined into one. Changing dynamics and economic needs of nations has spawned a development of various, and contrasting, economic systems throughout the world. Perhaps the two most contrasting philosophies seen in existence today are that of capitalism and communism. The two philosophers most notably recognized for their views on these economic systems are Adam Smith and Karl Marx. This paper will identify several fundamental aspects of economic philosophy as described by Smith and Marx, and will compare and contrast the views of these

In comparison, capitalism and communism are like night and day--opposite of each other in every way, but the main differences in the two can be seen in the distribution of wealth among a society’s peoples and the appearance

Karl Marx developed a new system, a more strict society in which could benefit the people which is the most realistic system called Communism. Karl Marx made a more strict socialism since he disliked capitalism. Communism is a form of socialism advocated by Karl Marx. All property is publicly owned and operated by the government. The workers worked for the public government, since all is controlled by the government all wealth is controlled and no individual profit is made only community profit.

The capitalists and their industries greatly affected many citizens and even their own workers by dehumanizing them. Men would stand outside of factories for days, even weeks, waiting for the chance to get a job. The head of the industries would use this to their advantage by picking the strongest men and paying them a low amount of money and when they become injured or useless, they just hire someone else. The food industries were horrible with how they took care of their workers and their products. “For it was the custom, as they found, whenever meat was so spoiled that it could not be used for anything else, either to can it or else to chop it up into

During the nineteenth century, Karl Marx and Andrew Carnegie had definite opinions about the affects of industrialization on society. A greater understanding of their views on history and humanity can be gained by comparing and contrasting two written artifacts: The Communist Manifesto and “Wealth.”

Karl Marx (1818-1883) was one of the most influential thinkers and writers of modern times. Although it was only until after his death when his doctrine became world know and was titled Marxism. Marx is best known for his publication, The Communist Manifesto that he wrote with Engels; it became a very influential for future ideologies. A German political philosopher and revolutionary, Karl Marx was widely known for his radical concepts of society. This paper give an analysis of “The Manifesto” which is a series of writings to advocate Marx ‘s theory of struggles between classes. I will be writing on The Communist Manifesto, published in 1848, which lays down his theories on socialism and 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, and capitalism have been compared on many levels, such as why they will or will not work, and which one works better. Throughout this essay I will concentrate on the differences, and similarities of how each operates, along with the benefits, and problems that each of them produces.

Karl Marx, in the Capital, developed his critique of capitalism by analyzing its characteristics and its development throughout history. The critique contains Marx’s most developed economic analysis and philosophical insight. Although it was written in 1850s, its values still serve an important purpose in the globalized world and maintains extremely relevant in the twenty-first century.

Comparisons between countries and regions before and after the advent of capitalism in Eastern Europe, Russia and Central Europe as well as a comparison of Cuba and the ex-communist countries provide us with an adequate basis to draw some definitive conclusions. Fifteen years of "transition to capitalism" is more than adequate time to judge the performance and impact of capitalist politicians, privatizations, free market policies and other restoration measures on the economy, society and general welfare of the population.

Instead, the business owners made choices for them and used the workers for their own rewards. The bourgeoisie were the owners "the formation of the bourgeoisie public sphere was ideological to the extent that it secured the domination of one class over another."3 The problem with the bourgeoisie class was that they saw no wrong in their system because they reasoned it to be the right way. The owners controlled the means of production, but it was the people under them that actually knew what they were doing. The oppressed people were controlled by the oppressors and could not make decisions about the work they did, political matters, or equality in the workplace but held the responsibility of making the businesses successful. There was huge clashing between the workers and the owners because the owners made the choices while the workers were forced to take responsibility for them.

Capitalism is the more morally adequate system because it values the individual liberties of each man above the power of a centralized government. In theory, Capitalism is the ideal economic situation because it enables, as Smith argued, the competitive free market to keep one another in check and gradually increase the standard of living. It is under capitalism, that true social justice is achieved, where individuals are rewarded based upon their labor, while it is socialism which suppresses the potential of individuals. Theoretically, Capitalism gives more power to the individual and enables individuals, not necessarily grants, but enables all individuals the pursuit of happiness. It is far more preferred to live a life of poverty and hold sovereignty, than a life of wealth, but as a

The two dominant economic systems we have in the world today are socialism and capitalism. In this text, I will in addition to comparing and contrasting socialism and capitalism also discuss the shortcomings of these two economic systems. Further, amongst other things, I will highlight the overlaps between the two.

The advent of the ideal of capitalism is often attributed to Adam Smith. Sometimes called “The Father of Economics,” Smith was an 18th century moral philosopher from Scotland. Smith is perhaps most known for writing the book “An Inquiry Into the Nature and Causes of the Wealth of Nations.” In this book Adam Smith considers and advances the ideas of the division of labor, the invisible hand, the pursuit of self-interest, the proper role of government and the idea of a Laissez-Faire (or noninterventionist) economy. Each of these ideas were considered heavily during the establishment and development of the United States. Because of their adoption into the new American government, the United States became the forerunner to the free-market.

The specialised critique of capitalism found in the Communist Manifesto (written by Karl Marx and Fredrick Engels), provides a basis for the analysis and critique of the capitalist system. Marx and Engels wrote about economical in relation to the means or mode of production, ideology, alienation and most fundamentally, class relations (particularly between the bourgeoisie and the proletariat). Collectively, these two men created the theory of Marxism. There are multiple critiques of Marxism that attack the fundamental tenants of their argument. Several historical events have fueled such criticisms, such as the fall of the Soviet Union, where Marxism was significantly invalidated and condemned. On the flip side, Marxism has been widely supported in times of capitalist hardships. What viewpoint a person will hold towards Marxism is largely dependable on the economical environment in which they live. Further, it is also important to remember that Marx and Engels lived in a very different era than today’s society, and the concept of capitalism may have arguably changed quite a lot over time. Therefore, the principles found in the Manifesto may often have to be refurnished and reapplied to fit different economic environments.