How are capitalism and communism the same or different?

Capitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system in which country’s trade and industry are controlled by the community and the share of each individual relies on his ability and needs.

Why is communism like capitalism?

Capitalism and communism are similar in both being economic systems that offer a vision of a utopian material future for all if they are allowed to be realized in pure form. Neither system has ever, however, delivered this utopian vision.

Is communism an efficient economic system?

And because communist economies are not efficient and because of the Communist Party’s desire to retain power, most economic resources were devoted to industrialization and to the military, depriving consumers of food and other necessary products, causing intense competition for these limited necessities, where many …

Why is communism considered one evil and not another?

But one evil is regarded as more so because it is less familiar. For most Americans Communism is culturally incompatible. Fundamental to communist ideology is the common ownership of the means of production and abolishment of social classes and social hierarchy.

What is the connection between communism and capitalism?

This is where communism intersects with capitalism; both ideologies have at their core the need to amass power by stepping on the necks of the masses. Capitalism was once painted as the ideology of virtue while communism was cast at the very essence of evil. However, once capitalism defeated communism, the true face of gluttony was made evident.

Is capitalism the true face of gluttony?

However, once capitalism defeated communism, the true face of gluttony was made evident. Capitalism is just as wicked as communism; both strive to make slaves of the vast majority of humanity—capitalism is communism by other means.

What is capitalism and why is it bad?

Capitalism turns otherwise decent human beings into degenerate gamblers because profiteering is valued above all else. The fish rots from the head, this is why our nation is devolving into the abyss—greed has become the anvil around our necks as we drown in the ocean of debt.