Capitalism vs. Communism
Here in Canada, we live under a conservative government lead by Stephen Harper. In our society, we must work for our money, the more we work, the more money we will make, and the more money, the more we will be able to buy what we want and need. If we lived in a capitalist country, the situation would be quite similar. However, if we lived in a communist country, no matter how hard we worked or what employment we would have, we would be paid the same amount as everyone else would. In a capitalist country, people make their own decisions, meanwhile in a communist country; the government makes our decisions for us. A capitalist government is a much better economic system because there is no lack of restrictions compared to a communist government.
Capitalism is an economic system, in which the means of production are privately owned and operated for profit, decisions regarding investments of capital are privately made, and where production, distribution, and the prices of goods, labours, and services are affected by the forces of supply and demand in a largely free market.
It emphasises the importance of a free-market for the movement and accumulation of capital. Capitalism is measured through class analysis. This includes the class structure of society, and the relations between labour and the capital class. In capitalist economies, people may study for a specific job or function that they are suited for and this would mean that each function has a different obligation in society. Therefore having different obligations and responsibilities means that people cannot be economically equal, because the more obligations and responsibilities a person has, the more they should be rewarded. With capitalism, people may chose to make significant amounts of money without making any contribution to...