Comparison between Communism and Capitalism: A Philosophical Study

This report provides a philosophical study on the comparison between Communism and Capitalism. It explains the key features of both economic systems and their differences. The report also introduces the concave philosophical system and its new concept. It concludes by discussing the focus of capitalism on economic efficiency and the focus of communism on resource equality.

Communism and
Capitalism

Contents
INTRODUCTION...............................................................................................................................3
MAIN BODY.......................................................................................................................................3
Comparison between Communism and Capitalism...........................................................................3
Concave Philosophical System..........................................................................................................4
CONCLUSION....................................................................................................................................5
REFERENCES....................................................................................................................................6

INTRODUCTION
Communism is a philosophical, social, political, and financial ideology and motion
whose intention is the established order of a communist society, particularly a socioeconomic
order dependent upon the ideas of common ownership of the method of production and the
absence of social training (Archibugi, 2020). Capitalism is a major driving force of
innovation, wealth, and prosperity inside the modern technology. Competition and capital
accumulation incentivize agencies to maximise efficiency, which allows buyers to capitalize
on that boom and clients to experience decrease fees on a much broader variety of goods. On
the other hand, concave essentially is a hard and fast of humans with unique traits who
cooperate synergistically to create a decentralized network wherein every man or woman has
his personal role presenting cost and is inspired by means of a mutual, noble motive
(Lippmann, 2020). The respective report will explain philosophical study on Communism
and Capitalism compared to each other and finding the philosophy between them two
creating a new concept based on both advantages.
MAIN BODY
Comparison between Communism and Capitalism
Capitalism is an economic gadget wherein the change and industry of the economic
system is owned and managed through personal individuals, to make earnings. Communism
refers to social system in which country's exchange and enterprise are controlled via the
network and the percentage of every individual is predicated on his potential and wishes. The
key functions of capitalism are person rights, private belongings, accumulation of wealth,
marketplace economic system, loose and aggressive market, self-hobby, minimum authorities
intervention (Ford, 2020). In a capitalist financial system, it's miles the owners who decide
and make investments, within the financial and capital market on the production inputs. The
competition in the economy determined the rate and distribution of products within the
economy. A shape of socialism, wherein the way of manufacturing, resources, and assets are
owned and controlled by way of the egalitarian society, i.e. By means of the community
equally is referred to as Communism. It is based totally at the idea of shared ownership. The
valuable precept in the back of communism is, the contribution and share of every could be
primarily based on his ability and needs (Marquis and Qiao, 2020).
Under capitalism, the government does not have much involvement. In evaluation to
communism, there may be a excessive level of government intervention.

In capitalism, each character has to work for himself to create wealth. As opposed to this, in
communism wealth is sent as per wishes and capability. The manufacturing inputs like land,
exertions, and capital are privately owned by means of the individuals and organizations,
even as the means of manufacturing are held through the nation, in the case of communism.
An economy in which the exchange and industry of the economic system are owned and
managed by way of personal individuals to generate income is known as Capitalism. A social
gadget in which a rustic’s exchange and industry are controlled via the community and the
share of each individual relies on capacity and needs, is known as communism (Fuchs, 2020).
Capitalism is based totally at the Principle of Individual Rights, while Communism is based
totally at the Principle of Community Rights. Capitalism is in favor of class difference, i.e.
Working magnificence and capitalist elegance, therefore the degree of sophistication
distinction between rich and poor may be very excessive. On the opposite, communism
opposes a department of society in keeping with elegance, as it promotes a classless society,
so, there may be no hole among rich and bad (Nölke, 2021). There is a democratic system of
government in capitalism. As against this, a totalitarian authorities gadget exists in socialism.
Totalitarianism is a shape of government in which authorities owns and controls almost the
entirety.
Concave Philosophical System
The new concept Concave brings consists of the values and one-of-a-kind talent units
of humankind. As we have already seen, network cooperation has already pushed the
decentralization of content, where each character is part of something bigger and proud of
their contribution (helped by using incentives of awards or roles). This way, Concavians have
determined an organic and exceedingly effective technique of growth within the
decentralized world. Memes, the DNA of the soul, are what drive the evolution of human
subculture. It is said that lifestyle is one of the most, if not the maximum, essential tools
human beings could have. As we accumulate tradition, we hold evolving and adapting to our
current needs; consequently, culture itself is necessary.
The idea that Concave is predicated on its community has been shown via how users sync
with each other. If all and sundry feels part of the network and puts in effort rather than being
virtually told the path and expecting the outcome, it offers a better experience of belonging
and commitment. Capitalism, socialism, and communism are three key standards in social
studies, with complicated definitions and complex histories. Explaining these concepts in the

lecture room is muddled even extra through how those words are used in cutting-edge media.
The meaning is often obscured by way of political alliances and deliberate tries to deceive.
On the alternative, communism opposes a branch of society in keeping with elegance,
because it promotes a classless society, so, there can be no hole amongst rich and horrific.
There is a democratic system of government in capitalism. As towards this, a totalitarian
government machine exists in socialism (Kitschelt, 2020). The number one point of
distinction between capitalism and communism is concerning the possession of 'means of
production' or resources in preferred. Communism shuns personal/character possession of
land or any important sources. Instead, all the 'method of production' like land and different
sources ought to be owned by means of the nation. The phrase communism turned into
followed by means of Karl Marx and Frederick Engels in the 1850s to explain their ideology
of opposing business capitalism. Marxist communism sought the overthrow of governments
supporting a capitalist financial system (Krimper, 2021). By 1918, communism changed into
the ideology of Russia’s Bolshevik Revolution and become associated with a unmarried
authoritarian political birthday celebration.
CONCLUSION
From the above report, it can be concluded that communism is a philosophical, social,
political, and monetary ideology and movement whose goal is the set up order of a
communist society, especially a socioeconomic order established upon the thoughts of
commonplace possession of the method of production and the absence of social education.
Capitalism is a major driving force of innovation, wealth, and prosperity inside the current
era. It can also be concluded that capitalism makes use of democracy and “loose markets” to
efficaciously allocate capital to its maximum green use with little regard to financial equality.
Communism focuses instead on big kingdom run planned economies allocating resources
equally with little regard to private ambition or incentive.

REFERENCES
Books & Journals
Archibugi, D., 2020. Democracy and prosperity: reinventing capitalism through a turbulent
century.
Ford, B.A., 2020. What do communists want from a Victorian state budget?: Part
two. Guardian (Sydney), (1944), p.5.
Fuchs, C., 2020. Communication and Capitalism. University of Westminster Press.
Kitschelt, H., 2020. Constraints and opportunities in the strategic conduct of post-communist
successor parties: regime legacies as causal argument (pp. 14-40). Routledge.
Krimper, M., 2021. Senses of Relation:‘Literary Communism’, Democracy, and the
Common. Parallax, 26(4), pp.449-465.
Lippmann, W., 2020. Some Important Political Questions and How They Are Viewed in
Communism. In 1946–1962 (pp. 267-282). De Gruyter.
Marquis, C. and Qiao, K., 2020. Waking from Mao’s dream: Communist ideological
imprinting and the internationalization of entrepreneurial ventures in
China. Administrative Science Quarterly, 65(3), pp.795-830.
Nölke, A., 2021. In search of institutional complementarities: Comparative Capitalism and
economic policy reform. Journal of Economic Policy Reform, 24(4), pp.405-412.