difference bet capitalism and communism

8/2/2019 Difference Bet Capitalism and Communism

1/3

Communism vs.

Capitalism

Capitalism and communism are different in their political and economic

ideologies. Capitalism and Communism never go together.

One of the major differences between capitalism and communism is with

regard to the resources or the means of production.

In Communism, the community or society solely owns the resources or the

means of production. On the other hand, in capitalism, the resources or themeans of production lies with a private owner.

While the profit of any enterprise is equally shared by all the people in

communism, the profit in a capitalist structure belong to the private owner

only. While the private party controls the resources in capitalism, it is the

society that controls the whole means of production in communism.

For Communists, the society is above individuals. But for capitalists,

individual freedom is above the state or society. While capitalism is a self

regulated economic system, communism is a government run economy. In

capitalism, the individual has full control over production and decides on the

price structure. Contrary to this, it is the society or the government that

determines the price structure in communism.

Communism stands for equal sharing of work, according to the benefits and

ability. But in capitalism, an individual is responsible for his works and if he

wants to raise the ladder, he has to work hard.

While Communism stands for abolishing private property, Capitalism stands

for private property.


2/3

Moreover, communism stands for a class less society, which doesnt see

any difference between the rich and the poor. On the other hand, capitalism

divides the society into rich and poor. Capitalism can be said to be the

exploitation of the individual. While every one is equal in communism, thereis a great divide of the class in capitalism.

Summary

1.In Communism, the community or society solely owns the resources or the

means of production. On the other hand, in capitalism, the resources or the

means of production lies with a private owner.

2. While the profit of any enterprise is equally shared by all the people in

communism, the profit in a capitalist structure belong to the private owneronly.

3.While the private party controls the resources in capitalism, it is the society

that controls the whole means of production in communism.

4. For Communists, the society is above individuals. But for capitalists,

individual freedom is above the state or society.

5.While Communism stands for abolishing private property, Capitalism

stands for private property.

Read more: Difference Between Communism and Capitalism | DifferenceBetween | Communism vsCapitalismhttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHp

The differences are for Communism:

1. State control over everything: "The theory of Communism may be

summed up in one sentence: Abolish all private property," Karl Marx.

2. Secularism: "Religion is the sigh of the oppressed creature, the

heart of a heartless world, and the soul of soulless conditions. It is the

opium of the people." Karl Marx
http://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHphttp://www.differencebetween.net/miscellaneous/difference-between-communism-and-capitalism/#ixzz1SZKlInHp


3/3

3. Total Equality, regardless of merit or habit: "The history of all

previous societies has been the history of class struggles." Karl Marx

The Case for Capitalism

1. Freedom: "Freedom has many difficulties and democracy is not

perfect. But we have never had to put a wall up to keep our people

in." John F. Kennedy, in reference to the Berlin Wall

2. Private business and Competition: "Doing well is the result of doing

good. Thats what capitalism is all about." Ralph Waldo Emerson

3. Rewards for Success: "The inherent vice of capitalism is the

unequal sharing of blessings; the inherent virtue of socialism is theequal sharing of miseries" Winston Churchill

How they are the same:

1. Both have their share of losers: In capitalism, its the slackers. In

communism, its the entrepreneurs. "Communism is man exploiting

man! Democracy is the other way around!" Polish Proverb

2. Both are forms of the market. Capitalism is based on competition;

communism is based on distribution.

Now if youre trying to decide which one is better, consider these

historical cases of Communism vs. Capitalism.

1. North Korea vs. South Korea

2. Eastern Berlin vs. Western Berlin

3. United States vs. the Soviet Union

Top four communistic nations in the world today: China, Cuba,

Vietnam, North Korea

Top four capitalistic nations in the world today: United States,

Germany, United Kingdom, Japan

difference bet capitalism and communism

Documents