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Do you believe in Capitalism or Communism? Why?

  1. Elbeto94 profile image68
    Elbeto94posted 6 years ago

    Do you believe in Capitalism or Communism? Why?

  2. nightwork4 profile image60
    nightwork4posted 6 years ago

    neither. though they are 2 of the main choices, they are both as bad as the other.

  3. lburmaster profile image82
    lburmasterposted 6 years ago

    Want to know why? The definition of capitalism is "An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state". This can cause too many problems because it does not talk about who is in control of the "private owners". Only a certain group has power which is not good for those who are not "private owners".
    Communism consists of "A political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs". This involves war of the different classes which does cause a few issues. But there will always between people who do not make the same amount or do not have the same things. However, this way each person works to their full abilities and deserve what they make. It is a way to be proud of what you have and to know who is intelligent and who is not. 
    "If you do not work, you do not eat." Powerful words for which we should be proud of.

  4. MickS profile image72
    MickSposted 6 years ago

    Yes I believe in their existence as they are both valid political and economic systems.

  5. profile image0
    Old Empresarioposted 6 years ago

    This depends on the society and form of government. Capitalism works well within commercial republics where the people are independently minded. Communism works in pure democracies with decentralized governments that have a mandatory, short-term national service requirement.

  6. Freeway Flyer profile image91
    Freeway Flyerposted 6 years ago

    I believe in a mixed economy, but one with most of the industries in private hands. Government, however, has a role to play as both a regulator and as an instrument for public investment. Sometimes, innovation can only be driven forward by spending that is, in the short term, unprofitable. There are also certain crucial things that need to be done that are by nature unprofitable. Here are some more thoughts:

    http://freewayflyer.hubpages.com/hub/A- … Government