Cons Of Communism Research Paper

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.

Socialism is the underlying motivation behind communist movements in history. Socialists believe that it is unjust for a small amount of people to own the biggest portion of the wealth in society. This idea lead to the concept of a communist society, in which the existence of private property is eliminated in favor of government-owned property being shared among all it’s people. The government would provide jobs and care for all people equally. The idea was that through communism, there would be no social classes, thus eliminating alienation for any of the people in the society.

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.

It is impossible not to notice that some of the most influential countries in the world have capitalist economies and through this they thrive and prosper. Capitalism is an economic system better because it allows individuals to make their own decisions, and do a good job because they are self-motivated, it limits the power that the government has, and it will help the country become more technologically advanced and better educated. Through all of these things that become successful country in trade and business, which leads to more money, scientific and medical discoveries and more, and generally improve the quality of living for its people. If one works hard enough, you can be anything you want to be and do anything you want to do. There are no barriers preventing progress and a personal one to become what you want to

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

There is a vast difference between the economic systems of capitalism and socialism. While both are ways to govern a country’s market, they vary tremendously when looked at in depth. Capitalism is more effective and it encourages business growth and economic risk.

Although socialism may have better benefits, capitalism has it perks as well. Such as producers and consumers being able to own their own business. The upside of this is that no one other than the government can take the business away from the owner. This results in more rights for the owner. An example of improved rights of the owner could include the owner making their own regulations, deciding wages for employees, choosing how to insure their business, etc. Now the big picture that this focuses greater upon is that it greatly promotes self-interest, rather than government control.

     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.

As said previously source three is against liberalism than source two, however it would be safe to say that source three has the ideology that is the most against liberalism as it simply wants to abolish freedom and rights in favor of a country ruled by one person that has complete control over everything and everyone. This source believes should be given to the state should be the freedom of free trade, as the source says that the government should be given the power to dictate what is of value and was is not. The ideology also wishes to rid itself is rule of law as the government would have complete control over law enforcement and therefore the law itself. The source reasons that the meaning behind abolishing rights and freedoms is that

Capitalism stresses private economic decisions. People are free to decide how they will earn and spend their income. Companies may choose which goods and services to produce and how much to charge for them. They also compete with one another to sell products. Nations whose economies are based on capitalism include the United

So why is Communism often represented negatively? This is because the previous examples of communism we had all turned out to be disastrous. For example the Soviet Union that was supposedly created to be a ‘society of true democracy’ was no less coercive as the Tsar autocracy that foreshadowed it. As they oppressed the citizens, it was inevitable that the citizens would not vote in favour of the communist government. Therefore the Soviet Union’s power diminished. Events like this showcased to the world the downfall of communism and how badly the system treats its people. After what happened to the Soviet Union, people around the globe soon adapted to the idea that communism is an evil regime where the government takes all your money and controls

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

In seeking to highlight the key differences between socialism and capitalism, it would be prudent to first offer a concise definition of the two terms. Capitalism in the words of Brinkerhoff, White, Ortega, and Weitz (2007) "is the economic system in which most wealth (land, capital, and labor) is private property, to be used by its owners to maximize their own gain." As the authors in this case further point out, this particular economic system is largely founded on competition. Socialism on the other hand is defined as "an economic structure in which productive tools are owned and managed by the workers and used for the collective good" (Brinkerhoff et al., 2007). From the definitions, it is clear that unlike capitalism, socialism favors a situation whereby there is deliberate control as well as planning of economic activities on behalf of the entire community. In the case of capitalism, no attempt is made to have economic activities controlled from a central point on behalf of the community. Here, enterprises are allowed to compete in the supply of goods and services as they seek to rake in monetary returns. The key

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

Capitalism is when the rich gets richer and the poor gets poorer. Capitalism has mercy on no one. Each individual lives in a society where the mass crowd complain about how the big business are buying the smaller ones but just doesn’t grasp the idea that all this is happening because of the consumers themselves. Within a system just as there is pros there are also cons, cons that are costly in the end. One of the biggest cons that capitalism promote is wealth inequality. Wealth can be inherited, so some people can be rich just due to luck of their ancestors. The others that are not so lucky has to work hard for their earnings. So this becomes a problem because not only does it promotes wealth inequality, it also promotes inequality of opportunity. Capitalist societies are failing to create both equality of outcomes and equality of opportunities. Example of this is the Great depression which lasted from 1929 to the beginning of World War II, profoundly shook the world’s confidence in the capitalist system. The crisis began with the crash of the New York stock market and resulted in widespread economic damage throughout the world, including bank failures, massive unemployment, and bankruptcies. According to the article Capitalism it states, “In addition, the suffering that resulted from the Great Depression highlighted the vulnerability of the labor force. In the United States, 25 percent of workers lost their jobs, and bank failures wiped out many people’s life savings.”