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  • Essay / Capitalism vs. Communism: An Eternal Debate

    Salem 2There is a long-standing debate on whether communism or capitalism is better and shows more beneficial aspects. Capitalism is defined as an economic system in which investment and ownership of the means of production, distribution and exchange of wealth are carried out and maintained primarily by individuals or businesses. Whereas communism is a system of social organization in which all economic and social activity is controlled by the state. The principle of capitalism is that if one is successful and works hard, one will continue to improve and progress in life. Even though the principle of communism is to keep all people the same, many people can say that this is a good thing, but when we talk about real life, it would add laziness and demotivation, because people who hard workers would earn the same credit as lazy people. Capitalism and communism are the two main economic systems used by governments today. Obviously, capitalism is a much better economic system for a state; practical uses and statistical facts qualify capitalism as much more successful. Furthermore, capitalism benefits the state, ordinary citizens and business owners more. It would be very useful to test both systems against their practical uses on states and monitor which states were successful and which states were unsuccessful. One of the best ways to end the capitalism-communism debate is to test both systems under practical conditions. real uses. For example, the United States and Germany are two economic superpowers that use a capitalist economy; The United States has the world's best economy and the highest GDP ($15.68 trillion), while Germany is ranked as the fourth country with the highest GDP ($3.4 trillion). China and North Korea are two communi... middle of paper ... increasing unemployment. Investors are an important factor to consider because without investment the economy will decline. In summary, investment solves vital economic problems and is a nourishing factor for the economy. Investors want to invest in a capitalist economy because they make their own decisions, unlike the communist economy, they set their own prices, and they are not limited to the minimum wage. It is clear that capitalism is more advantageous than communism in all aspects of the economy. All stakeholders such as common people, state, government, banks and investors will benefit more from a capitalist economy. The best way to describe a communist economy is to describe it as an old lady who is unmotivated in her life and just wants to eat and sleep, while a capitalist economy can be described as a motivated young man who wants to continue to achieve more and more in his life..