Essay about A Comparison of Communism versus Capitalism

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.

According to Marx and the Communist Manifesto, history is the rich battling with the poor, also history has always been a history of class struggle. The Communist Manifesto calls for equality among all classes, therefore there would be no classes. Workers are paid different salaries according to the quality and the training of their work. "Society as a whole is more and more splitting up into two great hostile camps, into two great classes, directly facing each other: Bourgeoisie and Proletariat."[iii] As Marx’s states here, he feels that society is splitting more and more in to classes, which is feels is wrong. He thinks that society should be one and everyone should belong to one class. Marx did not deny the close connection between personal freedom and property rights. "In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property."[iv] Marx thought that the role of every individual was for everyone to be a worker and to make an equal amount of money as everyone else. Marx even stated that having a capitalist society would therefore make that society fall, all because of the ongoing struggle between the rich and the poor. The Communist Manifesto states that communism would change a person’s role in life from being decided on the basis

A Capitalist Economy vs Socialist Economy There are a variety of economic systems today, which can influence how prosperous we will be as individuals or as a group. Socialism is an economic system where the government will be greatly involved in the economy. In a socialist economy the government can control many industries, provide public institutions such as health care and education, and equalize incomes of the population. A socialist economy is one of low unemployment and stability, where the government sets production quotas and price regulation upon their perception of the needs of the economy.

Communist had a long history during the 20th century, and communism was very influential. Almost all of Asia and East Europe became Communist. From the start of the theory then many civil wars in Russia affected the whole world. Communist defined the idea of itself in many different ways, it helps many nations came together formed a party fought wars, but it also made many countries became really poor, and the economy in most of the countries got pushed back about 10 years. Communism is an economic and political system that sought to create an egalitarian society; it collapsed because of personal interest and government’s corruption.

eyes of the government. For example if you are a poor nobody from the lower

Three different types of economic systems used by governments are Communism, Capitalism, and Socialism. Each type of system is unique in different ways. Each has distinct aspects that make it what it is. In communism, the government runs everything and there are no social classes. The government in capitalism doesn’t interfere with any businesses and lets the citizens own and operate them. Socialism is basically a mixture of the two economic systems. The government runs certain businesses, but citizens run the rest. The three economic systems are different in the way they run things and regulate things.

     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.

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.

Marx’s political theory is based on the idea that social history has been defined by a series of class struggles. When a new class overtakes the prior ruling class, a new order emerges. Ideally, this new order would be an improvement on the past system. But in reality, misery still exists in tiers of society because the new systems typically embody a similar model of the oppressed-oppressor relationship, where lower classes are exploited in a similar way. The modern bourgeois society “has not done away with class antagonisms. It has but established new classes, new conditions of oppression, new forms of struggle in place of the old ones” (14). In this way, new systems are part of a natural progression of society, but they continue to exhibit

     Communism had one of the greatest political impacts than any other political ideas in the 20th century around the world. What is important and interesting about communism is its background, concept, and why many countries apply to this idea. This essay will generally focus on the background, ideology, and why the countries and political parties applied to this idea.

More specifically, the main principle of Capitalism is a crane, and the main principle of Communism is a skyhook. Capitalism promotes the concept of equal opportunity, and feeds off of the notion that some people will, by design, be better than others. Communism, however, promotes a society in which all people are socio-economically equal no matter how hard they

Karl Marx came up later with a theory of a classless society to help the working class fight back. Marx came up with many radical ideas to change the way society was proceeding socially which, caused him to be banished from his native land in Germany and then from France, eventually he ended up in England. (Compton's Encyclopedia, 121) Karl Marx believed that social conflict was needed for society to function. He showed people not to be scared of conflict but rather to except it as a way of life. Karl Marx believes that people have a "class consciousness" which means that people are aware of differences between one another and that it causes a separation between groups of people. People mostly look at material objects for a sense of class status. If you are wealthy in life then you have many material objects and if you are poor then you have very little. People need to be educated in order to move up in society, which is why the working class people rarely have a chance to be very successful. Karl Marx realized that the working class deserved more then they were receiving and he tried to help the situation. Marx wanted the wealthy people and the poor to become more economically equal in status. Karl Marx also discusses the economic issues that the working class faces with change. With capitalism growing there is a greater need for production in the factories. More products need to be produced and at

This essay will compare the economic principles of capitalism and communism by giving brief historical background on both and describing the two. I will begin with the father of economy, Adam Smith, and finish with the theories of Karl Marx.

     What is Communism? Communism is the doctrine of the conditions of the liberation of the proletariat. It also can be defined as a conceptualized system of government in which resources and production facilities are the property of the entire society rather than individuals. In a communist society, labor is shared equally as well, and the benefits of labor are distributed according to need (Communism.4all 1). No one person shall be ranked higher than another and there is to be one person in charge of the society in a communism government. There are still to this day many countries that fall under the rule of communism and the ways they were transformed under communist rule is quite interesting.

‘Every form of society has been on the antagonism of oppressing and oppressed classes…The modern labourer instead of rising with the process of industry, he becomes a pauper, and pauperism develops more rapidly than population and wealth. Here it becomes evident that thy bourgeoisie is unfit any longer to be the ruling class in society…Society can no longer live under this bourgeoisie, and it’s existence is no longer compatible with society…’ (Marx, Manifesto of the Communist Party 1847)