Why is capitalism a better economy and society than communism? Because capitalism gives individuals rights and has dynamism when properly used. Capitalism is far superior to communism as an economy and society. The first part of this paper discusses about communism. The second part of this paper talks about capitalism. Finally, the pros and cons of each system will be discussed.
Communism
Communism was an economic-political philosophy founded by Karl Marx and Frederich Engels. It was founded in the second half of the 19th century. Communism spread out to Asia, Eastern Europe, Africa, and South America. It started out in Russia. The reason why communism was founded was that Marx and Engels desired to end capitalism. They thought that it was …show more content…
Jobs are readily available and plentiful which can be good to their society. This is a benefit for communism. Though jobs are plentiful in their society they must give up many personal rights to be part of their society. Communism focuses on the society instead of per individual. Basic human rights are lost to communism because society’s interest come first. Privacy does not exist in a communist country. There is no such thing as freedom of speech. Many things get censored because society’s interest comes first not the individual. They cannot call to an assembly and worship freely. So, the religious freedom is lost in a communist country. They do not believe in private property. They believe that it is a cause for laziness and corruption. They do not have good work ethics. A study had showed that 50% of workers drink alcohol on the job in the USSR. 40% have chosen to get a second job to attain more wealth. There is no chance for growth in a communist society. They focus on quantity and not quality when it comes to labor. In doing so they overman positions and lose efficiency in their …show more content…
Capitalist economies have experience greater economic dynamism. increased productivity, and employment have generated more rapid advances in economic wealth, living standards, and improved health of the population. Which is beneficial to society. Some downfalls of capitalism have been attributed to economic instability, periodic occurrences of financial crises, job insecurity, inequality in wealth distribution, economic exclusion of some parts of the population, and environmental degradation. Which is unbeneficial to society. Subsidies and guaranties led to mass overinvestment and insolvency which could have led to economic hardships. Capitalism will generally draw on richer experiences and wider knowledge than any one central planner could draw on 7 as quoted
Communism
Communism was an economic-political philosophy founded by Karl Marx and Frederich Engels. It was founded in the second half of the 19th century. Communism spread out to Asia, Eastern Europe, Africa, and South America. It started out in Russia. The reason why communism was founded was that Marx and Engels desired to end capitalism. They thought that it was …show more content…
Jobs are readily available and plentiful which can be good to their society. This is a benefit for communism. Though jobs are plentiful in their society they must give up many personal rights to be part of their society. Communism focuses on the society instead of per individual. Basic human rights are lost to communism because society’s interest come first. Privacy does not exist in a communist country. There is no such thing as freedom of speech. Many things get censored because society’s interest comes first not the individual. They cannot call to an assembly and worship freely. So, the religious freedom is lost in a communist country. They do not believe in private property. They believe that it is a cause for laziness and corruption. They do not have good work ethics. A study had showed that 50% of workers drink alcohol on the job in the USSR. 40% have chosen to get a second job to attain more wealth. There is no chance for growth in a communist society. They focus on quantity and not quality when it comes to labor. In doing so they overman positions and lose efficiency in their …show more content…
Capitalist economies have experience greater economic dynamism. increased productivity, and employment have generated more rapid advances in economic wealth, living standards, and improved health of the population. Which is beneficial to society. Some downfalls of capitalism have been attributed to economic instability, periodic occurrences of financial crises, job insecurity, inequality in wealth distribution, economic exclusion of some parts of the population, and environmental degradation. Which is unbeneficial to society. Subsidies and guaranties led to mass overinvestment and insolvency which could have led to economic hardships. Capitalism will generally draw on richer experiences and wider knowledge than any one central planner could draw on 7 as quoted