Communism Vs. Capitalism: The Socio-Economic Spectrum Of Social Class

Communism versus Capitalism is a debate that has raged on for over two centuries. Somehow these two polar opposite ideas both seem to be controversial due to the fact that each one, respectively, is allegedly designed to favor a part of the socio-economic spectrum of social class. The two main conflicting ideas are first communism and secondly capitalism. First, The promise of the elimination of classes, of guaranteed employment, "The creation of a comprehensive social security and welfare system for all citizens that would end the misery of workers once and for all." Second, While some people own means of production or capital, most don't and so to survive we need to sell their ability to work in return for a wage, or else scrape by on benefits.

"Communism is a religion of the state, committed to the extinction of the Church." —Flannery O'Connor, The Habit Of Being, 1979. Communism is a system in which goods are owned in common and are available to all as needed. Mainly based on
When money functions like this, it functions as capital. Since the beginning of the 20th century many countries have favored the economic system of communism over capitalism many political parts around the world that are communist based have the term “workers party” included in their name because communism is a system for the working class and capitalism is a competitive system for the upper-class society to benefit (Document 1).This free market economy is dictated by competition which leads to the fairest prices and causes only the most efficient producers and consumers to benefit (Document 2). Capitalism is not a political or economic philosophy that only benefits the rich but everyone, because private property exists, everyone has the chance to own, create, and earn their own living. It is important to know that a prime example of a successful country with capitalistic ideals is the United