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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2464 |
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Capitalism is a system that works on the very basis of private ownership and profiting, for without it the driving force of self interest would be rather useless? if everything were given to you, and nothing more, you would have no need to try to be as successful as you can be (and thus as beneficial as you can be), because you will never feel the effects of it...
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Communism, on the other hand, believes that capital should be owned communally by the entire community, and not single people or groups. This isn't exactly true for everything ? yes, there are many people in communist countries who own different household commodities and so on (and even amounts of land) based on simply what they need, but in the end the public owns the capital wealth, which can be used to produce more wealth, which can be used to produce more wealth, ad nauseum...
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