Comparing Communism And Capitalism

683 Words3 Pages
Vincent 9 Sept.22.16 World Studies Communism vs Capitalism “Under capitalism, man exploits man. Under communism, it’s just the opposite.” - John Kenneth. Capitalism and Communism, both equal sides of a card have a major conflict with one another, obliterating each other’s morales. Communism was formed by Karl Marx and Friedrich Engels in 1848 with The Communist Manifesto serving as a backbone for the ideology. It was set up as a goal for an utopian world, devoid of mankind’s torment and hierarchy especially that of the exploitation of the proletariat and devoid of the unfair advantages of the bourgeoisie. The history of Capitalism can be traced back to early forms of Merchant Capitalism in Western Europe during the Middle Ages as a sin…show more content…
Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.There is a sense of hierarchy but Capitalism, unlike Communism has great morales. The harder you work, the higher you will get up in the ladder. Capitalism doesn’t offer free education, healthcare or jobs but it teaches us that everything comes with a price, unlike Communism who freely give away all those things. There is also more rights for the people because unlike Communism, Capitalism offers individuals to own and control land, capital, and production of industry. Individuals are also free to purchase and own their own homes, cars, furniture, and other goods such as TV, radios, computers, boats, or any thing else you might want. You have total freedom to live where you want and what type of job field you want to pursue. To add on, there are no job obstacles for businessmen to fear. Individuals are able to own private companies and institutes and because more businessmen are motivated with the idea of rising up, this causes economy to grow and supplies are often met by the free market system. The system of supply and demand were also favored by the people. Also, unlike Communism, since all the majority of the power are scattered in different hierarchies, the government isn’t flooded with power which leads to a corruption free
Open Document