If someone were to ask me whether I want to live in a highly capitalist society or a communist society, I wouldn’t want to live in both societies.
In capitalist societies, it is not a lie to say that many are greedy for money and wealth to enjoy prestige in society, which results in the erosion of human values. - In other words, it creates economic inequalities between the rich and the poor. This inequality invariably leads to conflicts in the form of protests, strikes, and lockouts. In addition to inequalities, it creates unemployment issues as well as unequal career and academic opportunities.
Although capitalism sounds good on paper, living in one is a completely different experience. However, communism is a whole different thing alone, just like capitalism, even if it sounds good on paper, it really isn’t. For instance, let’s say I drew a painting. - I don’t get any credit for drawing it, everyone owns the painting. In this case, what is the point of working hard in a society where I don’t even get credit for something I made?
Thereupon, today, I want to talk about the differences between the polar opposite systems based on these three main points:
Ownership of Means of Production and Resources.
Society and Anatomy of Power.
First and foremost, the primary difference between the two systems is the ownership of means of production. In communism, it bans all private/individual ownership concerning the land and its vital resources. Instead, all of the land and all of the industries are owned by the government of a sovereign state.
According to Opinion Front, it explains that while communism can demolish the idea of individual companies, which has led to most of the technological innovations we see today, capitalism has the seeds of exploitation, where too much wealth and therefore power, is concentrated in the hands of a few people. These few people own most of the important land. They own and control the corporations and industries that run the majority of a country’s economy.
Whilst it is not often sought about, these few private corporations have more power than the leader of the country in which the corporation is located. For instance, in the United States, according to Statistica, Apple alone makes 0.5 percent of the entire U.S. GDP, meaning that with a couple more of these mega-corporations, I don’t know why they would want to do that but, if they want, they have the power to start a major economic crisis.
In a communist regime, it is too different since the absolute power is placed in the hands of a few individuals, and because of this, it results in oppression and economic misery for the majority of the population. To outline the main points, these two types of systems are polar opposite ideas that take their ideas to the extremest point possible.
Secondly, these two systems which have extreme points of view contain contrasting views about individual freedom. Communism demands to put society before the individual, whereas, capitalism demands individual freedom before society.
This leads to the question; why did communism start in the first place? - According to South African History Online, the start of Communism in Russian can be attributed to the harsh inequalities of 19th-century life. Communism developed from the ideas of Karl Marx and Friedrich Engels and became popular amongst the workers of Russia due to the many difficulties experienced through tsarist rule.
This is where we can notice some of the disadvantages of communism:
To give you an illustration, some of the greatest inventions by humanity have happened due to individual creativity, which was self-serving, though they ended up benefiting society.
Henceforth, I must say that it is not a lie that communism can kill an individual creativity streak, by assigning a person to do what they have been told to do.
If you take the time to think, without capitalism, humanity’s greatest inventions wouldn’t have been invented and we wouldn’t have phones or any kind of modern technology in the last decade or two.
Lastly, society in general and the anatomy of power is also a great contributing factor that contributes to the difference between the two types of societies. Whilst on paper, it says that communism is a classless, egalitarian society, where all men and women are equal and where there are no differences in class, race, or religion.
They claim that in this way, there will be nothing to fight for. While this is a nice idea on paper, but trying to actually implement this idea is tough and asking people to give up all the things that make them unique is unfair, at least from the moral and ethical standards of society.
This is where the anatomy of power comes into play. While communism appeals to the higher ideal of altruism, capitalism naturally concentrates on wealth, and because of this, power is always in the hands of the people who own the means of production.
Consequently, it creates the rich elites who control wealth, resources, and power, and as you can see, because of this, naturally they decide the distribution of power. As these systems take their ideas to the extremist, it creates all sorts of problems we see today.