Pros And Cons Of Capitalism And Communism

Capitalism and communism have been debated throughout the years. There are many pros and cons to each side of governing. Capitalism is more individualistic where darwin's theory comes into mind, the survival of the fittest (the strong survive). Whereas communism is more of everything is shared and everyone is equal. Many people argue that it's good for everyone to be equal and nobody should have more power than the next. However others argue without a dominant power source people may start fights and crumble without a stable government and a powerful force to rely on when they get into a predicament. A capitalist government is the best way to live because sharing is not an easy thing to do especially within a large group of people. With
It is just a better way of living and surviving peacefully. This is where Charles Darwin's theory comes into play, survival of the fittest. Which means that the strong survive it can apply to capitalism because if you are not strong and you don't try or persevere you are going to fail. According to the excerpt The Conduct of Life by Ralph Waldo Emerson it states “in a free and just commonwealth, property rushes from the idle and imbecile to the industrious, brave and persevering” This means that everyone can succeed in a capitalist society if everyone was determined and if they tried, then everyone would have a good chance at being triumphant. Capitalism is more efficient and is better for the survival of the economy and human beings. Capitalism allows people to better themselves and earn the rewards that they deserve (like money). For example if you don't work hard you don't get money to help you survive. If you do work diligently your hard work will pay off and you will earn your money and survive in the real world. According to The Wealth of Nations by Adam smith it states “Society should assist producers of goods and services only to the extent that assisting them benefits the consumer… he [the consumer] intends his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end which was a part of his intention”. The invisible hand is free trade, minimal government
If you think about it it's pretty logical because everyone gets what they deserve. If you don't do anything and you show no effort you would get nothing in return, if you work hard you will get a reward. Therefore living in a communist society will push you to work harder and try to succeed in life and achieve your goals. Communism is telling you that you don't need to work hard we will just pay you for doing nothing. According to The Wealth of nations by Adam Smith it states “The sole purpose of all production is to provide the best possible goods to the consumer at the lowest possible price. Society should assist producers of goods and services only to the extent that assisting them benefits the consumer.” This article is taken from The wealth of nations book where adam smith introduced/ discussed about economics and him and adam smith debated which economy was the most efficient and had minimal government interference.

Capitalism is a very efficient economy with minimal government involvement. It makes everyone truly equal rather than communism that makes things unfair by trying to make everyone equal when in reality they are just making it seem like everyone is equal. Many people are going debate which of these would be a better society. Each has their flaws but if you want the best and for it to be fair than capitalism is the way to