Capitalism Vs Communism

In a world where freedom is appreciated and everyone is treated equally, it is essential for people to depend on themselves to make it in today’s world. Hence; “Survival of the Fittest”. This means that in order to succeed, people must rely on their own self to push themselves to dedicate their time wisely to create a better future for them and the generations to come. A capitalist country allows people to be innovative and create new idealistic ideas that push forth the nation to come to a better economic standing. On the contrary, communism, a theory or system of social organization based on the holding of all property in common, that aims for a classless and stateless society structured upon common ownership of the means of production, free
This being said, capitalism gives us the opportunity to better our self and gain so much more out of the work we put into what we do. While communism disables to give people freedom at all. Capitalism actually encourages freedom to everyone allowing them to do what they want in a free market, allowing them to capitalize on opportunity and be creative as they can. Capitalism lets every human form their own opinion on how businesses should be run and most importantly have a say. It is also visibly one of the most productive ways to gain success by becoming wealthy. For example, William Henry “Bill” Gates is the second richest man in the world with a net worth of $61.0 billion, due to his program software Microsoft. However if he lived in a communist country, this would not have been possible due to the fact that he would not have been even motivated to do better than others or none the less, allowed to come up with such a greatly used technological
Resources are necessities in life, and therefore the way they are distributed is very important. The benefit of a capitalistic country is that they operate a market economy and permit private ownership of means of production. Basically this means that the allocation of resources is determined by supply and demand, by keeping prices low and affordable this benefits the population. On the contrary, in a communist economy the satisfaction of the people’s needs and wants is not what they would care for. They would decide on what to buy and sell not considering the fact if it was even in demand. In general, private businesses of a capitalist society therefore help with competition and keeping prices low and affordable, which overall benefits the