Understanding communism and capitalism…

Communism says “FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS NEEDS” where as capitalism believes “FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS CAPITAL”.
Capitalism believes MONEY MAKES MONEY.
An employee works in a company for a monthly salary and the profit earned by the company will be distributed among such people who don’t even know the day to day working of the company. You can earn the profit of the company by doing nothing if you invest in the company. And who can invest?
Someone who already has the money. As I said, money makes money.
In capitalistic world Every person is specialising in his work and because of the specialisation, productivity and efficiency increase rapidly.
This is one of the major reasons for the success of Capitalism across the world.
On one hand Capitalism focuses on productivity and efficiency , on the other hand communism focuses on an individual. It says that a worker would start feeling alienated if he works on repetitive task to do the same for hours and years to end.
The ideas of Karl Marx ( father of communism )and Adam Smith (father of capitalism) are two perspectives of the same situation. Remember that both of them were born in different eras.Adam Smith died in 1790 and Karl Marx was born in 1818. 1790 was a time when the Industrial Revolution had just begun and Karl Marx grew up seeing the workers being exploited in the factories.Maybe if they lived in the same era, their opinions would have agreed.

Published by Aditya

Observer !

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