CAPITALISM VS COMMUNISM Contents 1.Capitalism a. What is capitalism? b. Historical development of capitalism c. Features of capitalism d. Merits of capitalism e. Demerits of capitalism 2.Communism a. What is communism? b. Historical background of communism c. Principels of communism d. Advantages of communism e. Disadvantages of communism 3.Comparision of capitalism and communism 4.Conclusion CAPITALISM a. What is capitalism?
Free Communism Capitalism Karl Marx
Communism over Capitalism Communism is one of the world’s most famous government styles. Communism is basically a theory where the administration will take care of the people. The government will provide housing‚ money‚ food‚ jobs‚ ect. to everyone in the country. Sounds good right? According to most Americans this is just a hoax and their “care” is a loaf of bread when they feel like it and a pathetic excuse for a shack. You all have your ideas but today we are going to put them to the test to
Premium Cold War Richard Nixon Communism
Three different types of economic systems used by governments are Communism‚ Capitalism‚ and Socialism. Each type of system is unique in different ways. Each has distinct aspects that make it what it is. In communism‚ the government runs everything and there are no social classes. The government in capitalism doesn’t interfere with any businesses and lets the citizens own and operate them. Socialism is basically a mixture of the two economic systems. The government runs certain businesses‚
Premium Karl Marx Communism Economic system
Effects of Communism During the Cold War With the growth of the Soviet Union after World War II‚ Communism had spread worldwide mainly in Eastern Europe‚ which was mostly lands occupied by the Soviets‚ and in Southeast Asia. During that time‚ those Asian regions were oppressed by poverty and from the government too because of that. Communism is often a response from these poor lower class or working class people‚ tired of their life like that. They believed that by adopting Communism system of the
Premium
economy across the world is dictated by two main systems: capitalism and communism. Both have their unique features that contributes to the way societies are functioned. One of the main economic system includes capitalism whom was created by Adam Smith. Smith created capitalism revolving around the idea of laissez – faire‚ which translates to “hands off.” He believed that the government should not interfere with commercial business. “Capitalism is based on private ownership of the means of production
Premium Karl Marx Capitalism Economics
of the most debated‚ analyzed and argued about are Communism and Capitalism. Communism is a system of government where everyone and everything is considered equal‚ you work for the benefit of society. In other words‚ all the work you accomplish or funds you make go to the government where they make sure it is all redistributed equally to everyone. Two philosophers: Karl Marx and Freidrich Engels captured and theorized the basic concepts of communism. Vladimir Lenin went on to be the key founder
Premium Government Political philosophy Democracy
The Cold War was a conflict between the United States and the Soviet Union that lasted from the late 1940s to early 90s. It was primarily a result of the ongoing dispute between Democracy and Communism. Its name stemmed from the lack of direct‚ large-scale fighting between the two main powers. Although these two countries were the primary offenders‚ many other regions all over the world were affected by the political and militaristic tension. During the Cold War‚ the ongoing battle between Democracy
Premium World War II Cold War Soviet Union
In discussions of the Cold War‚ there exists a debate about whether communism was doomed to fail. The whole idea of communism was to provide an equal standard of living for everyone. The people of China‚ Russia‚ Cuba and Vietnam originally met Communism with enthusiasm because it promised freedom from inequality and exploitation of the working class‚ which made up a large portion of the demographic. Many of the working class lived in poverty and were continuously taken advantage of by the higher
Premium Communism Marxism World War II
CAPITALISM |COMMUNISM | | |Definition: *An economic system based on the private ownership of |Definition: *A social‚ political and economic ideology that tends | |the means of production (technology‚ transport‚ and banking). |to establish a society essentially based on the private ownership of| | |the means of production. | |
Premium Capitalism Communism Property
better economic standing. On the contrary‚ communism‚ a theory or system of social organization based on the holding of all property in common‚ that aims for a classless and stateless society structured upon common ownership of the means of production‚ free
Premium Capitalism Economic system Sociology