Communism And Capitalism
Communism and Capitalism
Nowadays, the inequality between the rich and the poor is a very controversial and sensitive topic. Over the past 50 years, the gap between the poor and the wealthy in the United States has widened. The American Society has been heading in one direction as it is quite observable that the wealth in the United States is becoming distributed among few super-rich individuals. According to Gilson and Perot in "It's the Inequality Stupid," and a Harvard Business School report, 80 percent of the world's wealth is owned by 20% of the people, while 80% of the people own the remaining 20% of the wealth, which is called the 80/20 rule. According to Jeff Sommer in “Why You Might Not Want to Take Away a Billionaire’s Money” and …show more content…
The government has no right to interfere with the usage and inheritance of private property because this is the result of personal effort and hard work. There are the three methods for surplus distribution of the wealth in this world. The wealth could be used for betterment of the society especially the deprived and poor people. Also, such wealth can be utilized to create health and educational facilities for the needy people. The third option is the best way to use surplus wealth because giving the wealth to descendants will make them lethargic. The second option often leads to usage of the wealth in a way without the the donor's intention. Rich people can donate hospitals, universities, and free libraries but the donation of wealth should enable the recipients to change their lives for …show more content…
On the other hand, Karl Marx claims the property should be evenly distributed to everyone, the Communist Party established state-owned enterprises and then led by the state-owned enterprises created wealth for this society, and that people do not have private property, the heritage will be confiscated. In my opinion, Carnegie and Marx's propositions both present their advantages and disadvantages. Today, communism and capitalism still exist in this world at the same time, so we cannot have a conclusion which is right or which is wrong. Carnegie and Marx are both great thinkers, their ideas can inspire people to think about the future of humankind, and we can stand on the shoulders of the giant to see the world. The great predecessors can help us continue to find a perfect political system and if we do, then I believe that the future of humankind will be
Nowadays, the inequality between the rich and the poor is a very controversial and sensitive topic. Over the past 50 years, the gap between the poor and the wealthy in the United States has widened. The American Society has been heading in one direction as it is quite observable that the wealth in the United States is becoming distributed among few super-rich individuals. According to Gilson and Perot in "It's the Inequality Stupid," and a Harvard Business School report, 80 percent of the world's wealth is owned by 20% of the people, while 80% of the people own the remaining 20% of the wealth, which is called the 80/20 rule. According to Jeff Sommer in “Why You Might Not Want to Take Away a Billionaire’s Money” and …show more content…
The government has no right to interfere with the usage and inheritance of private property because this is the result of personal effort and hard work. There are the three methods for surplus distribution of the wealth in this world. The wealth could be used for betterment of the society especially the deprived and poor people. Also, such wealth can be utilized to create health and educational facilities for the needy people. The third option is the best way to use surplus wealth because giving the wealth to descendants will make them lethargic. The second option often leads to usage of the wealth in a way without the the donor's intention. Rich people can donate hospitals, universities, and free libraries but the donation of wealth should enable the recipients to change their lives for …show more content…
On the other hand, Karl Marx claims the property should be evenly distributed to everyone, the Communist Party established state-owned enterprises and then led by the state-owned enterprises created wealth for this society, and that people do not have private property, the heritage will be confiscated. In my opinion, Carnegie and Marx's propositions both present their advantages and disadvantages. Today, communism and capitalism still exist in this world at the same time, so we cannot have a conclusion which is right or which is wrong. Carnegie and Marx are both great thinkers, their ideas can inspire people to think about the future of humankind, and we can stand on the shoulders of the giant to see the world. The great predecessors can help us continue to find a perfect political system and if we do, then I believe that the future of humankind will be