Sophia and Shyla

What is Communism?

Communism is a political theory derived from Karl Marx ,in which the whole social, economic, and political system is controlled by the government. that is dominated by one political system.

Pros of Communism

  1. Everyone receives health care. Communist nations allow their citizens to receive health care no matter their social class.
  2. Unemployment rates decrease. Every citizen is given the option of being employed, creating a decrease in unemployment.
  3. Education is accessible for everyone. In a capitalist society only the wealthy are able to receive the best education, but in a communist society everyone is given the same educational opportunity.
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Cons of Capitalism

  1. Monopoly power. Private ownership of capital enables firms to gain monopoly power in product and labour markets.
  2. Inherited wealth and wealth inequality. Some people in a capitalist society inherit their wealth, instead of working for it.
  3. Inequality creates social division. Societies which are highly unequal create resentment and social division.