Socialism provides a direct line between citizens and goods. Instead of capitalists or private sectors owning the factories of production, the government owns them. This in turn results in the government collecting the profit instead of just businesses taxes. Pros and Cons Proponents of both systems have continually argued which economic system is better. Both have their advantages and disadvantages.
The United States of America believed in Smith’s capitalism and the Soviet Union believed in Marx’s communism and the clash of these two powers reshaped the theory of economics forever. Capitalism and Communism are two entirely different economic systems. Capitalism is an economic system known for a freedom of the market. Capitalism can be very beneficial to the economy. The government will change over time, but with capitalism it can easily adjust to the changes.
In today’s industrialized world, the fact of the matter is that most individuals must work for those who are wealthy and are familiar with the luxury of owning property in order to survive. However, being a member of the working class in a Capitalist society makes it all too easy to begin to feel disconnected from the rest of the world. According to sociologist Karl Marx, this is known as Alienation, which can be experienced in four distinct stages: alienation from the product of one’s labor, from the labor process, from others, and from oneself. In their most basic forms, the stages of Alienation detail the loss of control over what one produces, the inability to control how they work to produce, the strains that form in relationships as a result of working too much, and the lack of self-development caused by experiencing the prior three stages,
The ideal communist society is one that eliminates all of these negative features, as well as the entire system. These negative features are related to another set of features that Marx and Engels neglect in their evolution towards revolution. In a capitalist society like the United States, identity plays a role that goes beyond the perspective of class struggle. We live in a society where we are defined more by our race, gender and sexuality than we are by class, and at the same time, they are all inseparable. In this society, the bourgeoisie and proletariat can be defined in many different ways.
Secondly, the working conditions are on the better side. For example, people have equal wages so they don’t get jealous or feel like they are making less than they should. In addition, they have trade unions to stick up for them. Lastly there is a vision of no classes which means no rich or poor people. For instance, the middle class or bourgeoisie runs the country because without them the industry or farms wouldn’t function.
Capitalism is an economic system based on the private ownership of goods and services. Capitalist economies, also called “free market” economies, empower individuals and private businesses to decide most economic matters. This includes what things to make and sell, how much they cost, how to use resources and where to live and work. This system of “private enterprise” has been credited with unleashing human freedom and creating extraordinary wealth through individual initiative. Capitalism has also been credited with exploiting and oppressing humanity, spreading inequality, starting wars, and propelling the wholesale destruction of the global environment.
He believed that the economy is the most powerful social institution in the society and can create social stratification. Labour includes anyone that earns their money by selling their labor and getting paid by the time they put in. While capital includes anyone who gets their income from a surplus value. They relate to each other because they are both a general form of wealth. Weber believed that class divisions occurred from lack of control of production, but also from economic differences that have nothing to do with property.
“The history of all hitherto existing society is the history of class struggles”. Karl Marx used the word “struggle” repeatedly for the social changes in describing how society move forward. In his theory, a commodity is something that is bought and sold, or exchanged in a market. It has a “use – value” determined by the qualities of things and the purposes or needs because the commodity can satisfy human’s need and it also has a “exchange – value” determined by quantities of things and what can be gotten for them. As use – values, commodities have all of different qualities, but in terms of exchange – values, they are just different quantities and do not contain the use – value.
The worker class was treated like slaves because the capitalist owned the factories and businesses and used the workers class to do their work for them so that they can be rich and so that they can live in poverty. In other words the capitalist exploited the proletariats in production Marxism was also used as a historical and dialectical materialism. What is Materialism? People had to survive before they could act and have thoughts in a society to make the society a better place. It is opposite to idealism.
Communism is a form of government branching off from the larger Socialism, although very different in many ways. Communism began to see its end towards the end of World War Two and the beginning of the Cold War. Communism, in its simplest form, is a form of government in which the goods produced by the people and the income reaped is to benefit the entire working population instead of the individual. Economic gains and distribution is maintained by the idea of an authoritative economic strategy that controls the interest of the community. In Communism, the main goal is to have equality for both the social and the economic status.