Saturday, January 8, 2011

Communism VS Capitalism

Capitalism 
  1. production factors are owned by the public
  2. the government does not really interfere in the economy
  3. wide range of choices
  4. practices price mechanism
  5. very competitive
  6. motive to make really huge profit 
  7. income distributions are not equal
  8. freedom 


Communism
  1. production factors are owned by the government
  2. the government interferes completely in the economy
  3. not many choices
  4. does not practice price mechanism
  5. not really competitive in markets
  6. provides social welfare
  7. income distributions are equal
  8. not much freedom

It's clear that Capitalism and Communism does not go together.They are both very different politically and economically.To make it simple , Communism stands for equal sharing of work, according to the ability and benefits. However in capitalism, an individual is fully responsible for his works and lets say if he wants to make really big money and get filthy rich or get promoted that fellow has to work hard ( maybe some connection with the government ).Communism stands for a class less society, which does not see any difference between the rich and the poor. On the other hand, capitalism divides the society into rich and poor , when sometimes the richer get richer and the poorer get poorer.I really hate dictatorship.So which is better?

Some people might say that look , China's growing really fast and rapid.But not one to talk when most of china people still lives in poverty.China is growing rapidly, but hows the distribution of income?In comparison , the standard of living is much greater in western civilization.They have better occupational health and safety measures, welfare payments for people who are out of work.However , Capitalism can be said to be the exploitation of  an individual. While every one is equal in communism, there is a massive divide of the class in capitalism.Richer people lives in big cities and get all the money , comparatively poor people that cant afford to live in big cities , live in very poor conditions.Apparently in America , a terminally ill old nanny got chased away from the hospital because she had no money to pay.People over in china when they were constructing the olympics thingy died because they were made to clean out the waters with no masks or anything and as a result people die there all the time from all the pollution.To draw a conclusion , I don't think there is a perfect solution to any political or economic system.We can't expect everyone to be satisfied.I still insists capitalism works the best , in communism there's no incentive to work harder than anyone else , cause you dont get rewarded whereas in capitalism people work harder in hope they have a better wage.









No comments:

Post a Comment