Capitalism vs Communism

Why does Communism not work?

• Communism eliminates private ownership and individual incentives, leading to a lack of innovation.

• Communism allows for a diverse range of political ideologies that will help ALL people thrive successfully

• Communism doesn't encourage economic growth and food shortages become common

• Communism promotes equality and fairness among all individuals

Goal: Individuals should pursue their own self-interest by working to earn individual profit.

• Communism

• Capitalism

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Complete equality improves society

• Communism

• Capitalism

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Adam Smith: The Wealth of Nations

• Communism

• Capitalism

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Goal: We should create a classless society by fighting to abolish class distinctions so that we can distribute resources equally.

• Communism

• Capitalism

Competition improves society

• Communism

• Capitalism

Karl Marx and Freidrich Engles, The Communist Manifesto

• Communism

• Capitalism

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You can work for WHOEVER you want

• Communism

• Capitalism

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There are social classes

• Communism

• Capitalism

Individuals can own businesses

• Communism

• Capitalism