{ THE Economic System Capitalism, Socialism & Communism Liberty or Equality?
Communism vs Capitalism Critical Questions for Understanding.
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Transcript of Communism vs Capitalism Critical Questions for Understanding.
CommunismCommunismPure economic theoryViolent class struggle between working class and those that own the means of production (gap between rich and poor).No private propertyWorkers own the means of productionDictatorship of the proletariatsWork according to abilityPay according to needNo government system as the state will slowly wither awayFormation of classless society
Karl Marx
Why Does the Laborer Work?
Do you work for the good of the community or individual gain? Who does the work?
How is Wealth Distributed
CAPITALISMAccording to the merit or skill of the individual
COMMUNISMAccording to need
What is the Goal of the Economic System?
CAPITALISMIndividual profit and attainment of property
COMMUNISMClassless society free of want and all needs of the people are met