StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

COMMUNISM, MARIXSM AND CAPITALISM - Research Paper Example

Cite this document
Summary
The economic operation of this form of economics occurs in a free market which means that there is no government involvement in the market and there are no rules imposed by the state and hence it is run privately…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
COMMUNISM, MARIXSM AND CAPITALISM
Read Text Preview

Extract of sample "COMMUNISM, MARIXSM AND CAPITALISM"

COMMUNISM, MARIXSM AND CAPITALISM Institute A Comparison and Contrast of Capitalism, Communism, and Marxism Capitalism isa form of economic governance whose primary rule is the ownership of all the property which is used for the purpose of production to lie in private hands. The economic operation of this form of economics occurs in a free market which means that there is no government involvement in the market and there are no rules imposed by the state and hence it is run privately. The productions occur under the private owners and they themselves make the investment.

They are the ones who are also the eventual receivers of all the profits that are generated. The laborers work on fixed salaries and do not hold a share in the profits generated. The purpose of the manufacture of goods that is production is mainly directed not towards the greater good but only purpose of providing profits for the owners. The owners in capitalism enjoy the rights of having hold over their property along with the decisions as to whether what they wish to do with the property. Also all the profits that are produced on their property go in their hands.

Capitalism is considered to be a booming factor for economic growth but it is believed that it is due to capitalism that there is unequal distribution of the wealth. This is because all the profits mainly go in the hands of the private owners and hence they are the ones who mainly benefit from capitalism. Marxism on the other hand is another form of economic and social governance which was presented by Karl Marx and Friedrich Engels. They classified the world mainly into two classes which included the rich class which they referred to as bourgeoisie.

The other class formed the majority of the population around the globe and was the working class which was referred to as the proletariat. Marxism explains the fact that capitalism promotes the rights and wealth of the bourgeoisie and the all the labor of the working class adds to the riches of the bourgeoisie. Furthermore, the working class is also governed by the wealthy groups. Hence the working class will revolt against this capitalism and discrimination and stand up for their rights. They will work towards the establishment of their rule and after being successful; they will change the structure of the society.

This revolution and the road to change is referred to as Marxism where the working class will work towards achieving equality. Communism is considered to be a further step ahead from Marxism. It is considered to be a society which is classless. The wealth is redistributed so that the control of the wealth does not lie only in the hands of the rich people. The privately owned businesses are converted into state property which then functions for the benefit of all the people of the state rather than a group of people.

As the name implies, it is a form of economic governance for the entire community. Communism upholds the fact that the basic needs of the society should be provided to all irrespective of any class difference. It also promotes the fact that every worker should be rewarded for all his work and also holds a share in the profits. Thus, it can be understood that communism, capitalism and Marxism are forms of economic governance which have a wide range of differences. Capitalism is a free market society and it is the exact opposite of both Communism and Marxism which both favor a society without any class.

Communism is a continuation of Marxism as Marxism is basically the struggle towards a classless society. On the other hand, Communism is a form of governance where there are no classes and the people reap the benefits of their hard work and the profits are distributed equally. References Top of Form Seldon, A. (1990). Capitalism. Oxford, UK: Basil Blackwell. Bottom of Form Top of Form In Daniels, R. V. (1965). Marxism and communism: Essential readings. New York: Random House. Bottom of Form

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“COMMUNISM, MARIXSM AND CAPITALISM Research Paper”, n.d.)
Retrieved from https://studentshare.org/other/1410513-a-comparison-and-contrast-of-capitalism-communism
(COMMUNISM, MARIXSM AND CAPITALISM Research Paper)
https://studentshare.org/other/1410513-a-comparison-and-contrast-of-capitalism-communism.
“COMMUNISM, MARIXSM AND CAPITALISM Research Paper”, n.d. https://studentshare.org/other/1410513-a-comparison-and-contrast-of-capitalism-communism.
  • Cited: 0 times

CHECK THESE SAMPLES OF COMMUNISM, MARIXSM AND CAPITALISM

Marxism in General Implies Analysis of Social and Political Processes

The paper 'Marxism in General Implies Analysis of Social and Political Processes' presents a Marxist and particularly neo-Marxist approach in IR since the 1970s look at how relations between the states and groups of states are conditioned by the existing global economic structures.... hellip; Later in the 1980s and 1990s, Robert Cox or Fred Gale developed the ideas of Antonio Gramsci, and this new strand of literature became known as Neo-Gramscianism....
8 Pages (2000 words) Case Study

Marxist Approach to Politics and Policy

This essay "Marxist Approach" will examine using the Marxist approach to the study of politics and policy: It will also explain why this approach does not constitute 'the mainstream' approach to studies of politics and policy.... nbsp;… True Marxism might be a Utopian dream, but with mortal man, Marxism does not stand a chance....
12 Pages (3000 words) Essay

Marxist Political Economy, the Conservatism f the Communist Party

hellip; According to the Marxist theory, the cause of οf crime is capitalism.... The paper "Marxist Political Economy, the Conservatism οf the Communist Party" states that crimes committed by the bourgeoisie are crimes οf domination and repression, and are designed to keep the proletariat in place....
12 Pages (3000 words) Coursework

Communism to Modern Social Movements

Bernard D'Mello discussed Maoism under the framework of Marxism, wherein Marxism asserted that capitalism created a social surplus that a only a few owned so there was a great disparity between the rice and the poor.... capitalism did expand the economic opportunities to those who participated in it, but with great sacrifice to the quality of life for many people who lacked access to raw materials, land, and other opportunities that were open mostly to the elite (i....
8 Pages (2000 words) Coursework

Ideas Contained in the Marxist Theory

However, Marx was exiled from Germany and stayed briefly in France before moving to London where he commenced his work on book Das Kapital that explored the weaknesses of capitalism with a view of overthrowing the concept as a dominant economic and political ideology of the time (Cates 23).... Moreover, this also came in the years following the end of the Second World War with the world beginning to be divided into blocs of capitals and socialism as well as communism....
7 Pages (1750 words) Essay

Marxist Theory of Recording Art History

This is evident in the economic theories of communism and capitalism that juxtaposed against each other especially in the 18th century.... With the end of communism in Soviet Union and the prevalence of capitalism especially in America and Europe, this political perspective of Marxism has continued to grow weak....
8 Pages (2000 words) Coursework

Conceptual Tools for Understanding by Marxism

The paper "Conceptual Tools for Understanding by Marxism" describes that capitalism and communism have widely helped those countries with small groups of people who are rich and have a lot of wealth not to be lured because of their social class in the society.... Most of the people in western society think that capitalism is desirable whereas a few accept the communist .... The position of communism is explained by Marx as a state which is non-existence since it is a state where people live in concord....
12 Pages (3000 words) Case Study

Marxism as a Bankrupt Social Theory

Marxist theory has rightly criticized the view that the existing social arrangements serve society's general interest and has pointed out the power differentials that capitalism's class character inevitably involves.... (McIntosh, 1977, 15-23) Their insistence on such power differentials leads them to focus on the opposition of class interests under capitalism and on class struggle as the means to social change.... In doing so, however, they abstract from the complications for the struggle of the oppressed that capitalism's "dialectic of scarcity" poses....
9 Pages (2250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us