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Communism Vs. Capitalism

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Appol Abay

on 9 March 2014

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Transcript of Communism Vs. Capitalism

A Comparative Study on Communism and Capitalism
design by Dóri Sirály for Prezi
Thesis Statement
Statement of the Problem

The following standards to measure which is better will be answered in this research paper:

Significance of the study

I. History of Capitalism and Communism
II. Ideologies Behind Communism and Capitalis
III. Advantages of Capitalism
IV. Disadvantages of Capitalism
V. Advantages of Communism
VI. Disadvantages of Communism
VII. Economic Growth (GDP and GNP)

The 21st century has been bombarded by economic struggles, catastrophes and afflictions. First world countries are experiencing decline in their GDP and GNP, which are very essential elements in the economy. Meanwhile, same things happen to the political aspect in the different states. At the end of the day, it all falls down on one thing: SYSTEM.
(a) what is work?
(b) What is the relevance of work to the economy?
(c) Where is the value of work, based on each system’s ideology, more upheld?
(d) Where is progress, based on statistics and figures, foreseen?
(e) What are the benefits of each system politically and economically?
(f) What were the historical harms brought by these systems?
(g) How are these detriments still feasible in the modern era?
(h) Is equality or efficiency more relevant to someone’s value of work?
(i) How is GDP and GNP an important key player to these economic systems?
(j) How is state a stakeholder to these systems?
Capitalism, with its propagation of freedom to individuals and utility of work, will be proven to be more effective to stabilize economy.
History of Communism
Communist Leader Heads Communism was an economic-political philosophy founded by Karl Marx and Friedrich Engels in the second half of the 19th century.
In 1848 they wrote and published "The Communist Manifesto."
It became the dominant political philosophy of many countries across Asia, Eastern Europe Africa and South America. In the late 19th century, communist philosophy began to develop in Russia.

This study is intended for adults, scholars, economists; however, this may also be considered as public interest as it is open for everybody. Previous studies, like that of Karl Marx and Adam Smith, inspired this study to be solidified.

In 1917, the Bolsheviks seized power through the October Revolution.
Stalin continued leading by the communist philosophies, and extended the growth of the USSR. This example of Communism has been followed in many countries since then, including China.

History of Capitalism
The history of capitalism can be traced back to early forms of merchant capitalism practiced in Western Europe during the middle Ages.
At the height of the First French Empire, Napoleon sought to introduce a “continental system” that would render Europe economically autonomous, thereby emasculating British trade and commerce.

Since 2000 the new scholarly field of “History of Capitalism” has appeared, with courses in history departments. It includes topics such as insurance, banking and regulation, the political dimension, and the impact on the middle classes, the poor and women and minorities

Ideologies behind Communism
In Marxism, it stands at the basis of communism and which represents the sum of ideas developed by Karl Marx and Friedrich Engels.
-They based this ideology to the relations between bourgeoisie and proletariat and also the role each had in society.
Another ideology which was made by Vladimir Ilich Lenin during his dictatorship in Russia which known to be Leninism.
After the death of Lenin, it was replaced by Stalinism which was created by Joseph Stalin.
During Stalin's dictatorship, Trotskyism was created. Trotsky and his supporters organized into the Left Opposition and their platform became known as Trotskyism.

Another ideology is Maoism. Maoism is the Marxist-Leninist trend of Communism associated with Mao Zedong and was mostly practiced within the People's Republic of China.
Ideologies behind Capitalism
Anarcho-capitalism also known as free-market anarchism
- It is a political philosophy which advocates the elimination of the state in favor of individual sovereignty, private property, and open markets.

- It is an economic environment in which
transactions between private parties are free
from government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights. 

Economic liberalism
- It is the ideological belief in organizing the economy on individualist lines, meaning that the greatest possible number of economic decisions is made by individuals and not by collective institutions or organizations.
Advantages of Capitalism
Freedom has always been the highlight of Capitalism.
It might seem at first glance that everyone is selfishly working for their own money, but dig a little deeper and it becomes apparent that every job has a benefit for someone else.

Products are also more efficient since they produce things that are not limited by anything.

Capitalism also allows people to ensure a better future for their offspring.

Advantages of Communism
First advantage of communism is that people are equal, the advantage her no matter what type of education and financial stability you are on everyone is still equal which reduces crime and violence.

One of the greatest advantages in communism is that there is no competition.

You are not pressured by the people around you because you are going to get privileges according to what you deserve.

Communism supports the emancipation of women and the ending of their exploitation.

Disadvantages of Capitalism
One of the disadvantages of capitalism is the wastage of resources.

In Capitalism, companies often cut corners in health and safety restrictions, because it costs them less to pay off the families of those who die in industrial accidents.

While every individual has a single vote in a democracy, in a capitalist system, they have very little say in the actions of government.

Capitalism also caused wars.

And lastly, Capitalism is parallelized to Propaganda.

Disadvantages of Communism
In Communism, the government is the one who controls everything.

Freedom of the Press is not given to people.

The quality of work is also questionable in this system.

People also do not have incentive when they work harder than the others.

Conclusion: Freedom vs Equality
Society, caused by trends, will prioritize freedom over equality. This doesn’t mean that everyone will tolerate the shortcomings of capitalism. At the end of the day, free will should be possessed by people to achieve their highest potential. Besides, society is trying not to repeat the same old things that have happened during communist reigns in previous years. It has already been proven many times that people will always long for freedom to express what they want in their own lives.
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