ipl-logo

Communism Vs Capitalism Research Paper

339 Words2 Pages

Capitalist versus Communist economics and production Capitalism and communism have long been considered opposite economic systems as well as rivals to each other. However, capitalism and communism, no matter how drastically opposite they are, have some relationship. Capitalism and communism are on opposite ends of the spectrum in regard to economic systems; nevertheless, similarities still remain in the fundamentals of economics. Both capitalist and communist societies require a means of production; they both need factories, machinery tools, and capital to function and produce the necessities of the country. Likewise, both systems need to fulfill the quota for sustainable consumption and production for the citizens it supports. This means that both capitalistic and communistic systems still must provide the facilities, labor, resources, and capital to produce the …show more content…

First of all, the ownership of the means of production, the factories, for capitalist are privately owned; whereas, communist means of production are communal. In addition, communist do not allow privately property unlike capitalist who promote private ownership. Capitalist promote entrepreneurship, which is the creation of mainly small privately owned business for the owner 's own benefit. Communist, however, would encourage businesses that benefit the state or community as a whole, and a communist regime would discourage its citizens to improve their status in life since every individual is equal. Also, the profits achieved from production and businesses in a communist society are shared equally among its citizens regardless of each individual 's contribution, society above individualism. On the other hand, capitalist privately own their business and receive the profits it can muster from the service or object it produces. This process creates wealth classes and encourages the people in a capitalist society to strive for

Show More
Related

  • Czar Nicholas And The Romanov Dynasty

    1227 Words  | 5 Pages

    1. Communism: Communism is defined as the political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production and the natural resources of a society. This form of government is important because it is backed by the idea of pure equality and is known for being the highest, most advanced form of socialism. Communism fueled the leaders of the Russian Revolution, such as Vladimir Lenin, Joseph Stalin, and Leon Trotsky. When Lenin was called into power after Nicholas II’s abdication, he immediately introduced Communism as Russia’s new form of government.

    Read More

  • Compare And Contrast Communism Vs American Economy

    3037 Words  | 13 Pages

    One of the major differences between capitalism and communism is who controls the resources. In a communist environment, the government has full control of resources; in a capitalist country, the resources’ are the owner’s responsibility. In the US “We, the people” have full ownership of our property; in North Korea, however, they have no real ownership of their property, the government owns it. America is a classed society, as most know as being the lower, middle, and upper classes for the poor, middle wealth, and rich, respectively. Since wealth is distributed somewhat equally in a communist economy, this system is nonexistent.

    Read More

  • Harlem Renaissance Dbq

    928 Words  | 4 Pages

    This expansion of the capitalistic system lead to the rejection of communist principals (Document F), where production of goods is controlled by the state. Communist ideals were vehemently rejected by the consumers and businesses in the

    Read More

  • Marx And Mussolini: The Manifesto Of The Feudal System

    705 Words  | 3 Pages

    When the modern capitalist society has emerged, capitalism has massively impacted on many social aspects. The system had led to the dissolution and to an end of the Feudal system during the Middle Ages. There are many political thoughts, which consisted of significant frameworks for reforming and making some new changes to the society. This essay will mainly focus on two main political ideologies and identify the differences between these two houses, which are Marx and Mussolini. First, the German thinker, Marx, and a letter called “ Manifesto of the Communist Party”, bring about the concept of communism that was being used in many areas back in the olden days.

    Read More

  • Why Is Capitalism Better Than Socialism

    1497 Words  | 6 Pages

    Competition between private owners of production creates lower prices, greater efficiency, and improved quality. People are motivated to do their best when they see the results of their effort. Capitalism aligns the incentives, and people thus are motivated to work hard and overall help the economy. People have economic liberty. Socialism removes these incentives.

    Read More

  • The Labor Unions In Carl Degler's Out Of Our Past

    729 Words  | 3 Pages

    However, capitalist stand by the system that the country 's industrial and trade system should be managed by private owners, which implies the function of

    Read More

  • Similarities Between Fascism And Communism

    1502 Words  | 7 Pages

    Meanwhile, the theory of Communism was theoretically developed by Karl Marx and Friedrich Engels in 1848, with the writing of “The Communist Manifesto” (Heywood, Politics 41). Communism is a system in which all economics and politics are synthesized into one classless state which is most commonly associated with common ownership and people 's leadership by a political party. Although both ideologies coincide in a few aspects when in practice, Communism and Fascism feature different approaches to property and society. Similarities between Fascism and Communism First, under both despotic systems, the state controls the production system, industry, and trade.

    Read More

  • Similarities Between Adam Smith And Karl Marx

    1093 Words  | 5 Pages

    According to the Chambers Concise Dictionary (2009) Capitalism is defined as “An economic system based on private, rather than state, ownership of businesses, factories, transport services, etc., with free competition and profit-making.” And Socialism is defined as “A political doctrine or system, which aims to create a classless society by removing the nation’s wealth (land, industries, transport systems etc.) Out of private and

    Read More

  • Communism In The Giver

    733 Words  | 3 Pages

    Communism builds on the idea that everyone is the same and should earn the same amount of money regardless of their profession. The most important with communism is that there should not be any class distinctions. China, Laos, Cuba and Vietnam

    Read More

  • Compare And Contrast Capitalism And Capitalism

    871 Words  | 4 Pages

    This results in prosperity, accelerated economic growth, and in progress of science and technology. Even though Capitalism naturally has certain divisions and may be of different kinds it is still less authoritative than centralized government as it is under Socialism. While the people are not commanded on how to use their wealth or power means that they will have more access to these two

    Read More

  • Karl Marx And Liberal Democracy

    1891 Words  | 8 Pages

    Marx saw capital and liberal democracies as the fundamental reasons for the low standards of living and the low social conditions of workers. Karl Marx in particular is especially concerned with the political assumptions behind these two ideologies. According to him, these two types of government should be replaced by communism, since communism would provide a more equal and socially just society. Although this statement may seem unusual, since we tend to associate communism with Stalin and China, the type of communism implemented in these countries is different from the communism that Marx and Engels envisaged in their Communist Manifesto. Marx and Engels’ vision of communism is based on the principle of equality among the people and freedom

    Read More

  • Industrial Revolution Effects On Women

    951 Words  | 4 Pages

    Industrialization also enhanced the capitalism which is focused on the issue of more profit and conflict between capital and workers. While owner of productions take more profit with less labor, workers take less profit even with much more labor force. Karl Marx is one of the thinkers who criticizes this situation of capitalism in terms of workers and capitals in industry, especially he focuses on the situation of

    Read More

  • Karl Marx And Emile Durkheim's Theory Of Capitalism

    846 Words  | 4 Pages

    Capitalism is understood to be the “economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.” In modern society, capitalism has become the dominant economic system and has become so integrated that it has resulted in a change in the relationships individuals have with other members of society and the materials within society. As a society, we have become alienated from other members of society and the materials that have become necessary to regulate ourselves within it, often materials that we ourselves, play a role in producing. Capitalism has resulted in a re-organization of societies, a more specialized and highly segmented division of labour one which maintains the status quo in society by alienating the individual. Karl Marx and Emile Durkheim theorize on how power is embodied within society and how it affects the individuals of society.

    Read More

  • Critique Of Capitalism In George Orwell's Animal Farm

    847 Words  | 4 Pages

    Marx and Engels look at capitalism with seriously negative opinions. They regard the system as extremely unsuitable, and are deeply concerned with getting rid of it. In a capitalist society, capitalists own and control the main resources of production - machinery, factories, mines, capital, etc. The modern working classes, or proletariats, own only their labor. Proletariats work for the capitalists, who own the product that was produced and then sell it for a profit.

    Read More

  • Socialism Vs Communism Essay

    913 Words  | 4 Pages

    Socialists believe that it is not necessary to be in radical way overthrowing capitalist economies. In addition, socialists encourage both government establish and private manufacture, communists believe that all forms of production should come from state and everything belongs to the state. In brief, both communism and socialism have benefits and disadvantages. Neither communism nor socialism is perfect in terms of the form of government or economic system. Both find a route to make the country equality and reject class divisions and much more.

    Read More

More about Communism Vs Capitalism Research Paper

Open Document