Preview

The Pros And Cons Of Communism

Good Essays
Open Document
Open Document
1496 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Pros And Cons Of Communism
Throughout modern history, there have been two major economic systems, whether defined by name or not: communism and capitalism. Their ideologies are inherently contrasting, and often hostile to one another. Throughout the hostilities, slander and governmental propaganda has become widespread creating fear and hate towards communism, although in some communist countries the same can be claimed. In this document, I will juxtapose these ideological differences and hopefully disperse any misconceptions you may have of the two systems.

To understand communism, one must fully comprehend the meaning and inner-workings of capitalism. Capitalism is a system based on free trade, that is, one or a collective of private citizens doing business with another individual or collective of private citizens. The means of production are owned by individuals instead of the state.

Money is effectively used as work credits. In theory, the more work you do, the more you are able to trade. Id est, one who works for one day won't have the ability to trade as much as one who works for six days. This, in theory, assures that those who contribute to the community are able to have more luxuries than those who do not.

In this system, people are free to create businesses and
…show more content…

After unregulated capitalism had demonstrated to be oppressive, environmentally harmful, and plutocratic, perpetuating a cycle of poverty and the uneven distribution of wealth, Western nations adopted socialist programs such as public schools, welfare programs, subsidized healthcare, and Social Security to counter this. The market, though more heavily regulated, is still relatively free. One might characterize it as a mixed economy (Case/Fair Chapter 22) which many governments use to promote both the advance of industry and social

You May Also Find These Documents Helpful

  • Better Essays

    Capitalism is a system that can be used in different areas such as political, social and economical. Capitalism is a system where the country makes money by people having private businesses. Under capitalism, the country’s economy is run by people owning capital. The goal of the businesses under capitalism is to make money. The businesses want to make the value of the company as high as possible. When a country is under capitalism, the government makes laws to make sure that all businesses are fair. Capitalism takes place all around the world in places such as the United States and Germany (Demott).…

    • 902 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Capitalism is a system in which private individuals can own businesses and goods and in which production, and is also called a free enterprise system.…

    • 451 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Gke Task 4

    • 1094 Words
    • 5 Pages

    Steven (2009, December 14). Capitalism and communism - Gilles Dauv | libcom.org. libcom.org. Retrieved January 5, 2013, from http://libcom.org/library/capitalism-communism-gilles-dauve…

    • 1094 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Capitalism is an economic system where the government is hands off of businesses and people work to make profit, it is based off of private ownership. In document one of the DBQ, it states that capitalism is "based on the private ownership of capital, and on the production of goods and services for profit" (document 1). Even though it may sound like a good idea, many people were unhappy with capitalism because on lthe people who took the risk to invest money were wealthy and everyone else, for the most part was poor. The solution to these problems were new ideas of economic systems. Socialism was one idea. Socialism was an economic system where there is eocnomic equality and the government owns big industries. Documemnt four of the…

    • 277 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Study Guide Ch. 1-5

    • 6679 Words
    • 38 Pages

    Communism is when a system of social organization in which all economic and social activity is controlled by the community or government.…

    • 6679 Words
    • 38 Pages
    Good Essays
  • Powerful Essays

    Socialism is the idea of a social organization that supports production, distribution, and trade that should be controlled within the community itself. There are many aspects of socialism that are unique, setting it apart from other social systems in the world. The ‘social’ aspect of socialism gives evidence to the fact that in the system, everyone in society is expected to contribute to the economic production of the state. In socialized health care, everyone pays the government and those who need care, get it without paying extra. Citizens all have to pay the same amount and have access to the same benefits. The problem this system runs into, however, is that there often is not enough money to go around. People tend to become greedy when they see that some things are free and then start to abuse the system. According to Einstein the real purpose is “…precisely…

    • 1234 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    TypesofCapitalism

    • 309 Words
    • 1 Page

    Capitalism is a global economic system where the means of production are owned by private individuals, but different countries such as the United States, Japan, and Sweden have industrialized capitalism in different ways.…

    • 309 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    An anti-communist event that I wouldn’t have supported, would be McCarthyism. An unfamiliar senator from Wisconsin, Joseph McCarthy, materialized as the national pursuer of communists and uncovering hidden communists in the government. Shortly after assuming his position as Senate of the state, he released the information that he had obtained a list of 205 communists, that held positions in the State Department. The State Department recognized that these claims were preposterous, due to the fact that McCarthy's numbers kept fluctuating, he never named a single communist soul in the State Department. Another fact that the State Department didn’t believe his is that a little before he accused people of being a communist, because prior to that…

    • 231 Words
    • 1 Page
    Good Essays
  • Good Essays

    Growing up with the catholic faith and its rules of ethics and morals, along with my father’s favorite quote, “we make our own paths, all decisions we make have consequences- whether bad or good”. This belief makes it hard to argue that we don’t have a choice. Yet, we do have a choice to do things, go along with societies choices or our skewed version of those choices we call our own. Our actions have been filtered through the many things we have come across in our life- everything leaves an impression. Capitalism in the world and in our own country has affected us, in which we have all participated in and in which we have all been influences by. This is best described by Marx’s ideal type and in his explanation of objectivity.…

    • 781 Words
    • 4 Pages
    Good Essays
  • Good Essays

    A system of government in which the State plans and controls the economy, and a single party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.…

    • 1439 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Capitalism and Socialism are different kinds of economic systems which work in different ways throughout the world. Capitalism is a system that allows people to access a free market, whereas, socialism is an economic system controlled by government which promotes equality for all but provides less options for improvement. Most countries of the world fall into one of these economic systems, and the capitalist countries tend to have stronger economies than the countries with the socialist system. There are many different points of view which argue that the capitalism works better than socialism; however, this essay will compare and contrast both systems and demonstrate which one works better. Venezuela and Cuba will be used as the primary examples…

    • 192 Words
    • 1 Page
    Good Essays
  • Good Essays

    Socialism -vs- Capitalism

    • 366 Words
    • 2 Pages

    Socialism vs. Capitalism Samantha Conti University of Phoenix Comm. /105 –January 12, 2008 The disadvantages of Communism are that people have to be willing to work for the greater good of society, not just themselves. They will not receive all the fruits of their labor, no matter hoe much you work you will always get the same salary. Why would you want to work so hard if you were going to make the same amount of money? Human rights abuses, lack of incentives for progress for individuals which results in a slow progressing society as a whole. Under Socialist theory the individual’s needs are determined and satisfied collectively. Dissent and venturing out on one’s own are not option. Everyone is an employee and tenant of the state. In Communism people have little rights, everything is run by the government resulting in enormous economic failures, including famine, militarism and propaganda to cover-up the systematic failures of the government. Capitalism was developed in Europe in the 19th and early 20th century. Capitalism is an economic arrangement in which people have the individual liberty and the right to own property and to do what they wish with their property as long as it does not harm anyone else. These freedoms set Capitalism apart from all other kinds of economic arrangements. The Capitalist system is based in giving each individual the freedom to better (or worse him or herself). Capitalism signifies means of production. The heart of Capitalism is the producer’s right to make what he wants and the consumer’s right to choose what to buy. A free market economy and free enterprise. The major benefit of Capitalism is private property, the concept that people have the right and privilege to control their possessions as they wish. In a Capitalism economy the role of the government reflect the desire and goals of its citizens. Capitalism societies suffer from poverty too, but in a different way as there is a vastly unequal distribution of wealth (a few…

    • 366 Words
    • 2 Pages
    Good Essays
  • Good Essays

    How Did Communism Fail

    • 376 Words
    • 2 Pages

    Communism is the political ideology that advocates a society with public ownership and the workingman is paid based on their abilities and needs. The idea for Communism, although well known before them, officially started with both Karl Marx and Frederich Engels in The Communist Manifesto, where they outlined their idea of complete equality between the people. Communism is great in theory, however historically it has failed as a way to govern a community.…

    • 376 Words
    • 2 Pages
    Good Essays
  • Good Essays

    First of all, Communism is an economic-political philosophy developed by Karl Marx and Friedrich Engels in the late 19th century. Sharing similar principals that “the social class system was what lead to exploitation of workers”, the worked together and published “The Communist Manifesto” in 1848. They feared that the exploitation of these working class people would eventually create a revolution against the bourgeoisie, who owned the labor power of the proletariat (Communism and Computer Ethics).…

    • 555 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    In December of 1991, the world watched in astonishment as the Soviet Union disintegrated into fifteen individual countries. This collapse was seen by the west as a triumph for freedom, victory for democracy over dictatorship, and an indication of the dominance of capitalism over socialism. The fall of the Berlin wall and the downfall of Stalinism regimes of Russia and Eastern Europe triggered a wave of ecstasy in the West. A lot of people nowadays argued that communism was dead. However, in order to understand the challenges in our global economic system, we should know that there are two important reasons as to why we should not rule out Marx and his dialectical reasons.…

    • 1609 Words
    • 7 Pages
    Powerful Essays