Capitalism,where we are better than equality.

What is it, and why?

The definition of Capitalism "is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state."

Capitalism allows you to make your own profit and be your own person ans you also have the chance to improve your life other than communism where there is a limit.

Benefits of Capitalism

1. It is for the good of society
While others are encouraged to think that a capitalist society is selfish as people work for their own money. However a deeper look suggests that it can result in benefits for the society as every job can help someone else.

2. It promotes equality
As they say it doesn’t matter if you didn’t start out living the good life as you have an equal chance of making it big. Basically the principle here is that the harder you work the greater the reward.

3. It provides a certain level of freedom
The government doesn’t intervene when it comes to the pricing of goods or in its production for private firms. The prices that are set depend on demand and supply. Also in a capitalist economy, people have the right to own private property. Not only that, they also have the freedom to choose which type of work they want. This freedom extends to selecting one’s education, as well as religious or political influences.

History behind Capitalism

The history of capitalism can be traced back to early forms of merchant capitalism practiced in Western Europe during the Middle Ages. It began to develop into its modern form during the Early Modern period in the Protestant countries of North-Western Europe, especially the Netherlands and England.

Cons of Communism

1. Businesses Are Limited In What They Can Earn
While it is great for some citizens to all live under the same economic terms and be assured of the same paycheck each week, this is not an environment that allows businesses to flourish. Instead of existing in a capitalist society, where the sky is the limit as to what a business is able to earn, a communist society puts a hard cap on a business’ ability to grow.

2. Poverty Is Prevalent
On paper, everyone earning the same amount of money for the same amount of work should beget a proletariat paradise. Unfortunately, communism often leads to widespread corruption among elected officials and typically encourages greed. The goal is to allow everyone to obtain an equal profit for the work they’ve done, but it rarely works this way.When the lower class is unable to question the actions of their superiors, this amount of power tends to corrupt those who have it. The ruling class of communist nations tends to become quite greedy, since there is no way for the classes beneath them to gain insight into how their nation truly works.

3. No Personal Freedom
Many of the personal freedoms that capitalist societies take for granted are eliminated under a communist regime. Not only is freedom of speech completely taken away, but those who openly criticize the workings of the government are often subject to severe and overly harsh punishments. if a family is able to save money from their typically meager earnings, they are not allowed to provide any sort of inheritance for their family members after they have deceased. Equality is great, but when a person is not able to accumulate any sort of savings or personal property, this leaves their close relatives with very little to remember them by once they are gone.Creative pursuits are no longer encouraged. Communism focuses on production and agriculture, things that will support the long term growth of the nation. When this happens, art and music tend to fall by the wayside. If you cannot own artwork or earn a paycheck creating music, there is very little motivation to partake in creative outlets.