Why Is Capitalism Better Than Communism

Capitalism and communism have always been compared to each other throughout history with always one being considered having better results. This comparison really began during the Cold War when America and the soviet Union fought for being the most powerful country, with America believing in Capitalism and the Soviet Union believing in Communism. This continues today ,but there aren’t as many communist countries. Which means Communism, capitalism, and their comparison are very important to the modern day. To start, Capitalism began around the thirteenth century on a very small scale. With the rapid development of European trade and prosperity in the 13th century, cities in Italy and the Netherlands witness a creation of wealth which is capitalist
Many countries still practice some form of Capitalism as it is one of the most practiced economies in the world. The United States, Canada, Australia, Barbados, France, Italy, Mexico, Poland, Jamaica, Peru, Chile, Sweden, Switzerland, Panama, Bulgaria, Saudi Arabia, Kuwait, Romania, Turkey and Portugal are all examples of capitalist countries. However, the degree of capitalism varies by country (“What is Capitalism”). This includes different variation of government intervention. Governments in the United States and many other countries have intervened in their economies to limit concentrations of power and address many of the social problems associated with unchecked private commercial interests. As a result, the American economy is perhaps better described as a "mixed" economy, with government playing an important role along with private enterprise (“America’s Capitalist Economy”). Another example is Capitalism in Germany is found in its institutions such as banking and educational systems. German industries have prospered because the country has made it a priority to train its labor force to succeed in various industries. These various systems have worked together to make a robust capitalistic market for the country. The German model of prosperity supports allowing local entrepreneurs to develop and initiate new industries which help the people to communicate better with the world and to meet their needs in becoming current world players in the technology industries (“What is Capitalism”). Most of these countries practice Capitalism because they are allies with the United States ,but that is not the only reason. Other reasons include giving the country more wealth as a whole and creating more jobs with more small businesses. To Finish, Capitalism is still very prominent today despite being created in the thirteenth