communism vs capitalism
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- Capitalism has been praised for its potential to improve living standards and criticized for its potential to exacerbate inequality and its impact on society.
- Capitalism is an economic system characterized by private ownership of the means of production, market-oriented economies, and capital accumulation. It allows private property and promotes the idea of a free market. In a capitalist system, entities are motivated to work hard and innovate to make profits.
- Communism is a political and economic system in which the means of production are shared communally and private property is non-existent or severely restricted. It is a utopian system where a society is reorganized without hierarchies, states, money or classes. The government exercises control on behalf of the people, at least in the transition between capitalism and communism.
- Karl Marx, the father of communism in the 19th century, viewed capitalism as an outdated economic system that exploited workers and believed that the economic system of communism would replace capitalism. Communism is based on principles intended to correct the problems caused by capitalism.
- Capitalism is characterized by private ownership of the means of production, market-oriented economies and capital accumulation, while communism is a system in which the means of production are shared communally and private property is non-existent or limited. severely restricted. The main difference between the two lies in the ownership of the production inputs.
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