Marxism Vs Capitalism In America

Capitalism is considered to be a more dominant economic system as opposed to socialism in the United States of America. It gives people the right to own property which is essential to those individuals who plan to provide for themselves and their families in the future i.e. owning a house, business, land. The rights of private property attribute quite immensely to the economic growth and our own country exemplifies that quite well. Thus, U.S.A excels in that sense whereas most of Africa fails to do so, due to the fact that they suffer from poor economic growth. Furthermore, capitalism provides the individual with motivation and incentive to do better; you are rewarded in accordance to your work of action because of the price of labor in which
During the Industrial Revolution around the 18th and early 19th centuries, Karl Marx (the founder of communism) analyzed the conflict which he strongly believed exists between the Bourgeoisie (Upper-Middle Class) and Proletariat (Lower Class). Marx was against capitalistic views because in his perspective, such a system of society only meant that the privileged groups would exploit the sub-ordinate groups and this would result in a massive class-inequality. Moreover, that the rich would keep getting richer and the poor would remain getting poorer. In society, mankind will have lost its appreciation for equality and human welfare. Taxation or any other methods will be of no use because it does not guarantee a Lower-Class citizen a better position in employment, education, or wealth. But, merely provides them enough wages so that they may hold themselves in place. Marx believed that in order to eliminate class-struggle and inequality would mean to eliminate capitalism as a whole and resort to the ways of socialism which would eventually, lead to