How Are Communism And Capitalism Similar

Both communism and capitalism are political ideologies. While communism is “a system of social organisation in which all property is owned by the community and each person contributes and receives according to their ability and needs”, capitalism is “an economic and political system in which a country's trade and industry are controlled by private owners for profit” as stated by oxforddictionaries.com.

Some similarities between communism and capitalism are that both emerged after the fall of feudalism and monarchy. For example, communism in Russia emerged after the fall of the feudal system and the monarchy. Capitalism also emerged in America as a result of their separation from the British Empire which was a monarchy at the time of the separation. Another similarity is that both capitalism and communism “rely on a command economy”, as stated by politicalhotwire.com. They both “rely on a command economy” since everything in a communist state or country is controlled by the government while everything in a capitalist state or country is controlled by the people who succeed in the country.

One the biggest difference between communism and capitalism is that in communism, the government owns the trade
This results in the rich people controlling those who are less fortunate. Another problem with capitalism is that it creates a system in which “people with an inability to be productive are left behind”("17 Pros and Cons of Capitalism"). This results in an increase of homeless men and women. Capitalism also creates “an economy that is based on consumption” as stated by Vittana.("17 Pros and Cons of Capitalism") This means that some people have to work more than one job to be able to afford the necessities needed to