Essay Capitalism Socialism Communism

Submitted By KimBrian

Words: 366

Pages: 2

Open Document

Capitalism Capitalism is indeed a great way to distribute goods to other countries. It will provide you with the money you earn from the goods. By using capitalism, you promote jobs and economy. When you trade with another country, it potentially increases your relationship with that country, therefore less war. In the end, it lowers the amount of human labor. However, such capitalism can raise taxes. Capitalism can create an unbalance to society, some people get rich, and others suffer. Capitalism tends to rely on the big businesses to raise money for the government. Such acts can lead the economy to go boom. Creating a multitude of bad out comes.

Socialism Its good for the obvious reason, everything is equal and fair. That means everyone is equal and happy. There are none or few homeless. The economy doesn’t have to keep track of big businesses. This also promotes equal rights. The problem with this is there is no reason to work harder. In school, there is no reason to try to study harder if everyone is equal. Socialism just creates a larger government. It makes it so the government owns everything you have. In a way, it promotes laziness. My final reason is that it doesn’t differentiate people. Since everyone is equal, there is no point of being an Albert Einstein and solving great puzzles.

Communism Communism is like the French Revolution without estates. Kind of like socialism. Except, the extreme of socialism. Classes are absolutely abolished. The good

Socialism, And Communism

Lines Economics 2 25 January 2013 Capitalism, Socialism, and Communism Capitalism is an economic system that allows private ownership of productions. All that capitalism actually entails is relatively low taxes, and private health care, and small government. Capitalism is simply a system that does not have government control of production (the government does not own the factories, the companies or the processes to produce products. Capitalism is a term of coined by socialists in the mid-nineteenth…

Words 2381 - Pages 10

Socialism: What It Means

Socialism: What It Means Socialism needs to be clearly defined because the meaning of socialism gets confused with many other different classes of economic systems. The main mistake people make about socialism is that people confuse it with communism. Some people even think it is part of a capitalistic form of economics. “The origins of socialism as a political movement lie in the Industrial Revolution. Its intellectual roots, however, reach back almost as far as recorded thought—even as far as…

Words 805 - Pages 4

Comparrison: Karl Marx and Government Intervention Essay

CAPITALISM This term was first coined by Karl Marx to describe a system in which small group of people own large amount of money, land, resources. It puts all the economy is the hands of wealthy business people with the only aim of maximizing profits. Such economies remain free of government intervention with all the policies being determined by private individuals. The result is monopoly, and a huge gap in the earnings among the employer class and the worker class. Though its very good for trades…

Words 322 - Pages 2

Conservatism Vs Communism Essay

differences like Socialism and Communism. Communism is defined as an International theory or system of social organization based on the holding of all property in common, with actual ownership ascribed to the community or state. Rejection of free markets and extreme distrust of Capitalism in any form(2). While Socialism is defined as, A theory or system of social organization based on the holding of most property in common, with actual ownership ascribed to the workers(2). Socialism and Communism are often…

Words 660 - Pages 3

Comparing Communism And Socialism

Communism, socialism, and capitalism are three economic ideologies that all have different ideas on how an economy should function. Communism and socialism are centered around equality and people. Capitalism is a completely separate idea from communism and socialism. In capitalism, people and companies make most of the decisions and actions. There really is no better idea. It all depends on the person and how you use it. There are big differences but there are also things that connect them together…

Words 137 - Pages 1

Communism Vs Capitalism Essay

What is Communism? • This is the symbol of Communism – The Hammer and the Sickle Hammer for the Workers Sickle for the Peasants – the farm labourers They wrote the ‘Communist Manifesto’ in 1847. It’s a short book – but billions of people have read it…. This is Karl Marx, the ‘Father of Communism’. People who believe in his This is his good friend, Frederick Engels. What is Communism? • Marx and Engels studied the history of the world’s economies. • This means the way that power, industry and…

Words 340 - Pages 2

Karl Marx Vs Andrew Carnegie

opposed to Carnegie’s The Gospel of Wealth. Both writings differed primarily in socioeconomics through ways of equally distributing wealth and various economic models — Carnegie’s being superior. In Carnegie’s essay, he argues under the concepts capitalism and human individualism. He uses Social Darwinism and philanthropy to convey that the wealthy are the superior class and have responsibility to help the lesser classes. Equally important, he advocates the laissez-faire system in which governments…

Words 225 - Pages 1

Socialism: Socialism and Socialism Valeria Essay

Running Heading: Socialism Socialism Valeria Lara Florida Atlantic University Socialism Now imagine a neighborhood where money was not used but the people who lived there shared communal labor. A system based on “principles of equality, charity, cooperation, and moderation could flourish.” (Steiner & Steiner, p.92). Well this system is exactly what Robert Owen created in the 1820s at a place called New Harmony and then rose more communities to do the same. This is where “socialist” system…

Words 1222 - Pages 5

Red China Changes

During the time of our existence there has been many types periods market by certain characteristics of epochs. Those of which include communism, socialism and capitalism, these are economic and political systems used and build to obtain progress in countries. One country that showed this type of progress would be “Red China” from 1949, which was considered to be a communist administration lead by Mao Zedong. Today, there has been some changes throughout the 21st century that has made a different…

Words 923 - Pages 4

extra credit for western civ Essay

Nailah Oronde 11.21.14 Western Civ Professor Webb Extra Credit The impact of Socialism & Communism New modern philosophies begin during the industrial revolution. Some philosophies had an effect on society. The thought of ideology had an impact during the industrial revolution. The industrial revolution began in the 1760s until 1820s. The Industrial Revolution itself refers to a change from hand and home production to machine and factory. Industrial Revolution helped increase America’s growth…

Words 795 - Pages 4