Communism Vs Capitalism Essay

nation's great cities and as oil refining rose so did the popularity of the automobile. With these

The policy of containment had a negative effect on the United States relationship with the world. The United States decision to contain communism was made with good intentions but it created tension with other countries, a decline in U.S economy, and war.

The life in the U.S compared to that of the Soviet Union during the 60’s is an amazing phenomenon of a declining life expectancy in a highly developed country just like in the case of the Soviet Union during the 60’s down to the 70’s. The result of the life expectancy rate in the Soviet Union shows that there is only a small part to true informal changes in the state of living. However, the weak point of the measures of life expectancy is of vital importance, although another factor is the unfavourable selection of risks by war, thereby making a less valuable comparison between the international and inter temporal. Another factor is the logical difference between period and the measurement of the group of people sharing a common factor

Why are people against Communist? J. Edgar Hoover, Sidney Hook, and William O. Douglas have written articles about their opinion relating to Communist expanding throughout our Nation. Communism is a social organization based on the ownership controlled all economic and social activities. J. Edgar Hoover, Sidney Hook, and William O. Douglas have numerous points of view on Communism. Their voices and minds reveals that Communist is not who they say they are.

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.

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.

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.

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

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.

Due to the rapid process of globalization, the issue of whether socio-economic institutions and policies are converging or diverging across different nations has become controversial. Various literatures on comparative institutional studies has been developed, in which the Varieties of Capitalism approach by Hall and Soskice (2001) is one of the most significant concepts that is being widely discussed. According to Hall and Thelen (2005), the ‘varieties of capitalism’ is a firm-centered approach where firm is placed as a key actor and is being considered relational. It emphasizes the concept of institutional complementarities, which ‘…one set of institutions is complementary to another when its presence raises the returns

Concept of capitalism can be difficult to understand. It is commonly identified by economist and political philosophers as a system in which the means of production are privately owned and operated in the free market in exchange for a profit (Galbraith, 1952). The economical/social system determines the structure of production, the allocation of inputs and outputs, and consumption of goods. Capitalism remains popular in America because it values freedom, much like the people in our country. This is true because it allows individuals to set their own plans and pursue their own goals; in addition, one can decide what career they would enjoy most, thus creating an incentive and reward for achieving ones ambitions. In a free market, everyone

     There are many different outcomes and problems that can occur as a result of the different systems. The benefits for communism are set up on a larger scale that takes time and effort, as for capitalism hard work produces quick gains. Since it is harder for people of communism to see direct results from their hard work, there can be a tendency of people doing less, but still receiving the same as everyone else. Thus, there needs to be some type of point system, which makes sure each person does enough work to show for the goods received. If the work is not done then something needs to be done, such as not giving them their share, jail time, or kicked out of the community, resulting in poorer living standards. Capitalism however, gives each individual a choice of the benefits they will receive from working hard or not. You still have the chance to be poor, but unlike communism you have the chance to become rich. In communism the hardest workers receive the same, but in capitalism the hardest workers reap the most rewards.

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.

     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.

     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.