Compare and contrast communism and capitalism essay
Immigrants and poor works worked together to increase the wages. The rich wanted to ensure in maintaining their power and wealth, leaving the others in terrible circumstances. Always, the wealthy and powerful have control the lower class, creating discriminatory laws. These laws that have been created is beneficial to the rich.
While the private party controls the resources in capitalism, it is the society that controls the whole means of production in communism. InPremier Nikita Krushchev declared that the Soviet state had begun "withering away," though it would persist for another three decades. This site teaches the law of supply and demand using the popular trading cards as an example. The government should exercise the control in the name of the people, at least in the transition between capitalism and communism. Private owners make decisions about what and when to produce and how much products should cost.
Many people growing up in the s remember the Cold War between Russia and the United States, two ideologies pitted against each other, a time of tension between the two countries. Baby boomers might remember the Red Scare and McCarthyism. The two economic systems seem to be diametrically opposed.
Socialism provides a direct line between citizens and goods. Instead of capitalists or private sectors owning the factories of production, the government owns them. This in turn results in the government collecting the profit instead of just businesses taxes.