Communism Vs. Socialism : Difference Between Communism And Socialism

Communism was a philosophy derived from the works of Karl Marx and Friedrich Engels in the early 1840s. They believed the proletariat class would being a revolution in which they would take power from the bourgeoisie, and then establish a nation of equals, in which one works not for themselves, but for their country. It is a classless society in

“The class of the wholly property laws, who are obliged to sell their labor to the bourgeoisie in order to get in exchange, the means of subsistence for their support. This is class of the class of proletarians, or the proletariat.” As we know that “The communism is a theoretical statement of the conditions for the emancipation of the proletariat.” It is the doctrine of the liberation of the proletariat. There were no such labor and rich people cannot own any worker. In society everybody have his or her own farmland, but all the production is owned by the state. How much food each person will get is depending on how much food they contributed to the country. In the idea of communism everybody has to share, and there are no such individual secrets. All the people should have the same interests. According to the research few students at Stanford University did, “in a communist society, the individual’s best interests are indistinguishable from the society’s best interest. Thus the idea of an individual freedom is incompatible with communist ideology. The reason to hold an individual speech and information rights would likely be met only in certain instances rather then across time. Making the default a lack of freedom.” Not only share and have same interest, they also share their benefit together. Communist focuses on the benefits to society instead of individual. All the land was

For example a Surgeon how is very well educated is equal in status with a

Socialism and capitalism are two very different economic/industrious systems but, in some ways, they share a few similarities and that is what this essay will be discussing. The comparison between the two systems and their advantages and disadvantages for those who live in such societies. Socialism and capitalism are marginally contradicting scenarios offering advantages and disadvantages in the world of production and financial assistance.

Revolutionary socialist Karl Marx believed that the economic calculation problem should be solved adopting a communist approach; he expressed his ideas in his most notable work “The Communist Manifesto” in 1848. Marx believed that capitalism should be replaced by socialism and eventually communism and it should be done through abolishing markets, prices and private property. To understand Marx’s ideas it is important to define capitalism socialism and communism. Capitalism can be defined as ‘an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state’. On the other hand socialism can be defined as ‘a political and economic theory of social organization, which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole’.

Communism the advocate of a class war, leading to a government in which all people work and gets paid equivalent to one’s capabilities and needs; also with all property is owned publicly. Most people would agree that socialism would be more fitting for the American society, but Vladimir Lenin prior leader of communist Russia once said, “The goal of socialism is communism.” Communism being the ideal “antibiotic” for capitalism it would benefit the American society with good understanding of the basic ideals, adaptations of the government, a brief history of Communism, modern day communist parties, and the base population opinion.

     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.

As mentions before socialism is the doctrine that espouses public ownership or control of a major means of production. It aims to achieve an equitable and efficient distribution of social goods and greater economic planning then exist under capitalism. Although the central concerns of socialism appears to be economic its ramifications extend to the moral, social and political realms, in fact together with nationalism, it is the leading ideological and political movement of the 20th century.

Communism is a political and economic system in which the major productive resources in a society are owned by the public and divided among citizens equally or according to individual need.

Communism is the social and economic system where all the resources and wealth in a country is evenly owned and distributed to all citizens who live without classes. This sounds like an ideal way of living to any poor citizen. Communists see this being the only way to ensure freedom to all citizens because everything is shared equally. Communism “The ideal is one of full social equality that in its most extreme form…calls for the dissolution of the individual in the community… in other words, no private property.” Basically, Communism allowed every individual the same rights as everyone else. Everyone is employed, educated, and middle class. Communism started gaining popularity in the world after emerging victor of the Chinese Civil war. This

The communist system believes that all citizens should be able to live equally. There is no class system. Everybody has equal access to health, education and food. This form of government focuses on the welfare of the society as a whole instead of looking at each person individually.

Accordingly, one idea or fact that is often raised to differentiate socialism from communism is that socialism in general is the political movement that refers to an economic system in that they believe that the state should be in charge of all important producing industries thus taking hold of the control of free market in order to promote economic parity and egalitarianism. Theoretically, socialism seeks to distribute wealth equally among its citizens in a way that the rich don’t take

Because the government controls and regulates what is good for the society and how much money each citizen receives, socialism is very inefficient. When those who work hard get the same as those who do not work, it builds the incentive to work less. There is no reason to work harder than anyone else because the rewards are shared. “Under this kind of economy the winners and losers are reversed: the winners are those who scream the loudest for a handout and the losers are those quiet citizens who work hard and pay their taxes” (Thompson).

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.

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.