Intro Capitalism vs Communism essays

Intro Capitalism vs Communism essays Does a relationship flourish more when it is controlled or when it is free to grow on its own? The question of whether it would excel better as a controlled relationship or a free relationship also relates to the government's total control of economy through communism, in contrast with the "laissez faire"-style, free economy through capitalism. To decide which of these perspectives best meets the needs of citizens, issues such as quality of life, protection of individual rights, and which system would produce the most wealth for an economy need to be addressed. Communism is a perspective that focuses on state-control of the economy, classless society, economic equality, and public-owned private property. It would provide for a classless society in which all was shared equally. This concept appealed to many people, and during the late 1800's and early 1900's, socialist parties were formed to work towards the goals Karl Marx described. Some of the countries to follow suit were Ru ssia and China. Unfortunately, these developments may lead to extreme forms such as dictatorship, or suppression of individual rights. On the other side of the spectrum is capitalism, a perspective focused on private ownership of property, division of labour, competition, specialization and individual self-interest to increase production. Capitalism provides for an increased quality of life, as well as more opportunity for wealth and success. Unfortunately, government-free economies allow for some individuals to fall into poverty, resulting in a lower quality of life. Capitalism would clearly benefit a country, as it would provide far more advantages than communism, such as increased quality of life, protection of individual rights, and the opportunity for wealth. ...