answersLogoWhite
notificationBell
Political Theory
The Difference Between
Communism
Capitalism

What is the difference between communism and capitalism?


Top Answer
User Avatar
Wiki User
Answered 2016-08-13 05:58:24

Preliminary: it is critical to note that communism and capitalism are not types of states, regimes, or governments. Communism and capitalism describe modes of economic organization, not political organization.

Answer: communism and capitalism are both economic modes of organization characterized by different relations of property and normative views.

In capitalism, socially-shared property is mostly held privately, interest is used from capital investment to fuel more investment, and social relations in production are mediated by wage-labour, where laborers contract out their time in return for financial compensation. Morally, capitalism (usually) combines with rights-based theories that emphasize freedom and equality of opportunity.

In communism, socially-shared property is held almost exclusively socially, usury is (usually) considered immoral, and social relations in production are mediated by open and equal individuals, since the means of living and development are provided socially. Morally, communism (usually) combines with moral theories that emphasize capacity (skill, ability, etc.) and equality of wealth.

001
🙏
0
🤨
0
😮
0
😂
0
User Avatar

Your Answer

Related Questions

What is difference between capitalism and communism?

What is between capitalism and communism


What is the difference between western Europe and china?

Capitalism and Communism.


What is the difference between comunism and capitialism?

Communism and capitalism are different because communism places standards on people, and individual acheivements are not allowed, whereas individual merit is rewarded in capitalism.


Difference between capitalism and socialism?

what is the difference between capitalism and socialism?


What types of economic systems exist throughout the world today?

capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy


Marxism and Communism?

Karl Marx once said; "I am not a Marxist!". He also once called his adherents "useful idiots". Karl Marx presented a strategy in communism much of which can be found in his book, Das Kapital. Communism? Let's compare and contrast. The difference between capitalism and communism is that in capitalism man exploits man and in communism it's the other way around.


What is the difference communismsocialism and capitalism?

Communism is where the government totally controls businesses while capitalism allows businesses to control themselves.


How does capitalism differ from communism?

communism is a group were ppl gather and capitalism is subway


Is South Korea a capitalism or a communism?

Capitalism. It's North Korea which has communism.


What is a significant difference between Socialism and Capitalism?

Socialism is the idea that the working class. Privately owned Communism is the idea that society should not have classes


What is the difference between Chinese and Russian communism?

China was influenced by Russia in terms of communist ideals. The difference between Russian and Chinese communism was that China became flexible in terms of allowing an element of free market capitalism, whereas Russia didn't change and collapsed.


The ideological basis of the cold war was conflict between communism and?

capitalism


What countries have all communism capitalism and socialism?

Which countries that are under communism , socialism and capitalism


What was Marx transistion from capitalism to communism?

The transition from capitalism to communism would be through socialism.


Is Italy a capitalism communism or socialism?

capitalism


Is Portugal communism socialism or capitalism?

capitalism


How does socialism provide a compromise between capitalism and communism?

Socialism is not a compromise between capitalism and communism, it is a distinct economic system and mode of production. A "mixed economy" is often cited as being a compromise between socialism and capitalism, but in practice most mixed economies are interventionist capitalist economies.


Did capitalism develop from communism?

No. The opposite happened. Karl Marx's critique of capitalism was what started communism.


What does Bosnia practice communism socialism or capitalism?

Capitalism


What were the different ideologies between the two superpowers of the cold war?

capitalism and communism


What is the main idea about communism and capitalism?

Communism benefits the working class, capitalism benefits the rich and wealthy.


What are the similarities between socialism and capitalism?

Socialism and communism are similar in the way they are supposed to work - all power being shared equally - and capitalism is similar to socialism in that everybody should ideally get out what they put in proportionally, but communism and capitalism are the exact opposites.


What is the difference between pure capitalism and modified capitalism?

Pure capitalism has no government regulation and modified capitalism government intervenes.


Is Ireland a capitalism communism or socialism?

Ireland is a capitalism country.


What is the opposite to capitalism?

Communism


Previously Viewed
Unanswered Questions