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Compare and contrast capitalism and communism essay

The foremost proponent of this antagonism would be Karl Marx, who claimed that capitalism is ultimately hurtling toward its downfall. The basic premise of the capitalism that Marx denied was as thus: in the modern industrialisation inevitably creates a bipartisan system, in which the bourgeoisie, or those who are the owners of the means of production, will rule the common labourers, or the proletariats. As the bourgeoisie class is exclusive unto itself and it will only decrease in size and never expand, eventually the proletariat population will outnumber them. Capitalism according to Marx is an extremely unsatisfactory government system that gives power to the upper class landowners and keeps the proletariat exploited. Shareholders of the firm end up being the ones who reap the rewards from the company even though they have nothing to do with manufacturing the good expect investing money.
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Argumentative Essay On Communism Vs Capitalism

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Argumentative Essay On Communism Vs Capitalism - Words | Cram

Capitalism and communism are two terms that will remain to be different in their political and at the same time, economic ideologies. Therefore, in other words, capitalism and communism will never be together. One of the major known difference between capitalism and communism is in the regard of the resources and the means of production. In communism, the community or the society owns the resources or the means of production. However, for the sake of capitalism, the resources or the means of production lies with the private owner. Besides, the profits of every individual involved in communist are shared equally, but in the capitalist, the entire profit belongs to the private owner of the resources and the production. For the communists, the society is above the individuals while on capitalist, the freedom of the individual is the society or the state.
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Capitalism and Communism Writings Comparison

Socialism provides a direct line between citizens and goods. Instead of capitalists or private sectors owning the factories of production, the government owns them. This in turn results in the government collecting the profit instead of just businesses taxes.
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In other words, Karl Marx believes in the establishment of an equal class in that wealth is shared and balanced among all citizens; essentially diminishing class itself. Condorcet does not stretch that far in discussing equality; he believes each person should work for their own money In addition, Antoine Nicolas de Condorcet believes everyone should start with a clean slate, meaning that there is equal opportunity for each individual to define their own status. Marx uses his labor theory, which involves the capitalist profit analysis of exploiting the proletariat, to make the economic analysis of capitalism.
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