Comparing socialism and communism essay

3 economic systems capitalism socialism and communism

Ever since, nations have wrestled with which direction to turn their economies. The previously mentioned Marx quote that "The philosophers have only interpreted the world, in various ways; the point is to change it" is interpreted by socialists as the moral imperative for the organized society to identify the desired direction of progress and forcefully implement adequate policies to achieve this goal.

All political ideologies are about power. Strains of anarchism have also been present in this more radical wing of the socialist intellectual tradition.

Comparing socialism and communism essay

That is why the aim of this essay is to examine, compare and contrast the political ideologies of two major political parties in post- apartheid South Africa. The government, they say, has a responsibility to redistribute wealth to make society more fair and just. By David Floyd Updated Jul 30, Communism and socialism are umbrella terms referring to two left-wing schools of economic thought; both oppose capitalism. Also I will give my opinion on which one of these forms of government would be the most ideal to run a modern day county or society. These countries focused more on the central government's dominant role in all aspects of the economy, politics, and decision making. Personal property, the abolition of money, and elimination of class systems are all areas where Communism wasn't achieved even in these near examples. Government or some form of it plays a large role in economic investment and planning, either in a centralized form or decentralized to local government bodies. Correspondingly, in the 20th century, socialistic concepts were implemented in many countries, mostly with disappointing results. However, in a socialist economy, such as Italy, the money earned by a person is for the country and is redistributed among the people equally. On the other hand, socialism has acted as an incubator for movements that are generally labeled far-right. In fact, for the first four decades of the Soviet Union's existence, the Party explicitly acknowledged that it had not created a communist society. However, the original attitude that capitalism is bad and socialism is good still is lingering around, as all shortcomings of the capitalistic system are often interpreted as the evidence of its inalienable and deplorable faults, but all shortcomings of the socialistic system are interpreted as imperfections in implementations of an otherwise supreme political order. Karl Marx and Friedrich Engels turned the world upside down. The energy spent controlling every aspect of the economy slows down the process. In a capitalist system prices are determined by how many products there are and how many people want them.

This comprehensive website run by an avid collector of banknotes from around the world provides high-quality scanned samples of notes from nearly all of the world's currencies. Also, one needs to notice that their socialized version of capitalism can prosper only because they tap into the innovation engine of the worldwide free market.

However, this institution has evolved into a lumbering machine that continues to burden their citizens with need and imbalance.

Difference between socialism and communism

Understanding the similarities and the differences can be useful in terms of appreciation the nuances of Communism vs. This argument ignores that Scandinavian countries are small and homogeneous, with traditions of community rule. Capitalism and Communism have both been put forth as the best models for modern enlightened societies. The methods they both use to end the oppression and increase equality are what seem to keep them from successfully realizing the ideal. Socialism rather sees a gradual transition from capitalism through legal and political processes that see everyone essentially being treated equally at birth. Capitalism primarily puts the control of the in the hands of the people through consumer choice, whereas socialism gives government control of the economy leaving the individual powerless Capitalism assumes that the most deserving person will usually win. South Africa has a multi-party political system that incorporates thirteen parties who sit in parliament or the national assembly.

In fact, for the first four decades of the Soviet Union's existence, the Party explicitly acknowledged that it had not created a communist society.

History repeats itself. Capitalism assumes that the most deserving person will usually win. More often, the result has been acute scarcity: Tens of millions of people died as a result of famine and political violence after the People's Republic of China was established infor example.

This freedom of wealth is caused the free market. By David Floyd Updated Jul 30, Communism and socialism are umbrella terms referring to two left-wing schools of economic thought; both oppose capitalism. Socialism Socialism, like communism, calls for putting the major means of production in the hands of the people, either directly or through the government.

Socialism vs dictatorship

Other characteristics of capitalism include the following: Free competition. Socialism also believes that wealth and income should be shared more equally among people. Several countries have been or are currently governed by parties calling themselves communist or socialist, though these parties' policies and rhetoric vary widely. Also, one needs to notice that their socialized version of capitalism can prosper only because they tap into the innovation engine of the worldwide free market. Communists believe that the people should rise up against the oppressors and demand a total renovation of the economic and political systems that are holding down the people. In theory, prices will be kept as low as possible because consumers will seek the best product for the least amount of money. In fact, there is a deliberate destruction of legitimate thought by equating it with a universal evil. He saw capitalism as an outmoded economic system that exploited workers, which would eventually rise against the rich because the poor were so unfairly treated. Socialism can refer to a vast swath of the political spectrum, in theory and in practice. The capitalistic system of a competitive free market they fight against fails to be replaced by a strong, efficient economic plan. Even in such different approach to socialism, the notion of private property still manages to appear, since after all it is the main thought behind capitalism and socialism Later on, capitalism found its ideological defenders. One can notice that in their pure ideological concepts, capitalism and socialism are exact opposites. Capitalism and Socialism are practically opposites and the way their governments work are pretty much opposite of each other as well
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Compare and Contrast Communism, Socialism, and Capitalism