Strengths and Weaknesses of the Isms

816 Words4 Pages
Capitalism Perhaps that greatest strength of capitalism is that collective individuals within the capitalist economy, the consumers, drive the marketplace; which in turn leads to a consumer oriented marketplace. In order for a business to be profitable in a consumer oriented marketplace, the business must provide the consumers with a quality service or product at a competitive rate. Businesses must also find innovative ways at improving and/or creating products and services, thus enhancing technology and the need for capital and labor. All of this promotes economic growth. Another great strength of capitalism is that it promotes personal drive within individuals. In order for a person to reap the benefits of a consumer oriented…show more content…
Communism A strength of the communist society is equality for everyone. Regardless of a person’s ability to work, or lack thereof, the government will provide for the needs of individuals. Therefore, if you are unable to work your needs will still be met. This equality approach eliminates the vast differences in socioeconomic statuses which is common within capitalism. Within a communist society there is a very low incentive to work, to create, or to innovate, since everyone’s needs will be met regardless of how much or how little work you provide. This weakness causes the communist society to have very low production, creating a shortage of even the most basic of needs; therefore hindering economic growth. Fascism Perhaps the best strength of fascism is the ideology behind fascism. The theory is that you have a society of individuals working together for a common goal which is the goal of the government; therefore, creating a stronger state. These goals are realized through a strong and authoritative government. However, the basic ideology behind fascism removes a simple and basic trait of human nature, free will. I believe that this is its greatest weakness and the reason that fascist societies have been rather temporary. If you have a large group of people with different ideas of

More about Strengths and Weaknesses of the Isms

Open Document