Communism vs capitalism milad jangalvaee
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The document provides an overview of the key differences between capitalism and communism. Under capitalism, individuals are allowed to own private property and keep the profits from their work. There is no safety net for those who are poor or sick. Communism aims to create a classless society where the means of production are publicly owned and operated. Housing, food and other necessities are provided by the government. Everyone is treated equally and shares the same economic status under communism.
Communism vs capitalism milad jangalvaee
- 2. -Food and housing should be paid for by the government. There should be no upper class or lower class- everyone should be treated the same and have the same Communism
- 3. You will allow to keep all the money you make. If you are poor or sick, there is no “safety net”, meaning you must rely on friends or your family to support you Capitalism
- 4. Capitalism Milad Jangalvaee BM-627 Entrepreneurial Finance Pr. Pedro Pellet
- 5. Capitalism How would you define “capitalism”? What other words come to mind when you think of the word “capitalism”? Are these associations positive or negative?
- 6. Capitalism Capitalism – an economic system based on private ownership and on the investment of money in business ventures in order to make a profit .
- 8. Adam Smith A Scottish political economist and moral philosopher (1723-1790). His Inquiry into the Nature and Causes of the Wealth of Nations (1776) founded the modern discipline of economics and provided the rationale for free trade, capitalism and libertarianism.
- 9. Physiocracy Smith criticized physiocracy, which taught that wealth originated in land. Smith argued that labor was the major source of wealth and that the division of labor was the key to economic growth. As productivity rises, wages will rise.
- 10. Capitalism Ideas: Businesses compete with each other for the consumer’s money. Each business tries to provide goods and services that are better and less expensive than their competition.
- 11. Capitalism Government should not interfere in the economy. Laissez faire
- 12. The Invisible Hand The free market appears chaotic and unrestrained. Actually, it is guided by “an invisible hand” to produce the right amount and variety of goods. If a product shortage occurs, the price rises, establishing a profit margin that provides an incentive for others to enter production.
- 13. Types of capitalism 2 Types of capitalism 2.1 Mercantilism 2.2 Free-market capitalism 2.3 Social market economy 2.4 State capitalism 2.5 Corporate capitalism 2.6 Mixed economy 2.7 Other
- 14. Understanding CAPITALISM You are in charge of your life and the means to work to support yourself. You can choose to run your own business Capitalism can lead to materialism- the belief that material goods and money are the most important things on the planet. You get the highest quality of products for the cheapest prices.
- 15. Understanding CAPITALISM If you are poor or sick, there is no “safety net”, meaning you must rely on friends or your family to support you (with money and otherwise). You can become extremely rich if you work hard, know the right people, and/or are born into the right family.
- 16. Understanding CAPITALISM You vote with your dollars. If you don't like at Store A, you can always shop at Store B. If no one shops at Store A it will shut down. You have the right to own property, which comes with the right to do what you wish on it (build a house, a business, etc.). There is no minimum wage in a true capitalism, which means business owners can pay you as little as they like.
- 17. COMMUNISM
- 18. Steps of Communism •Marx and Engels studied the history of Communism the world’s economies. •This means the way that power, industry and finance are controlled. •They saw the way countries developed Socialism in stages. Capitalism Feudalism Primitive Communism
- 19. Communism How would you define “communism”? What other words come to mind when you think of the word “communism”? Are these associations positive or negative?
- 20. Communism An ideology that seeks to establish a future classless, stateless social organization, based upon common ownership of the means of production and the absence of private property.
- 21. Who Made This Communist? Manifesto’ in Those Blokes’ wrote the ‘Communist 1847. It’s a short book – but billions of people have read it… This is Karl Marx, the ‘Father of Communism’. People who believe in his ideas are called ‘Marxists’ This is his good friend, Frederick Engels.
- 22. What Mean Symbol Of Communism This is the symbol of Communism-The Hammer and the Sickle.
- 23. Atheism Marx was an atheist. He believed that religion was “the opiate of the people.” The owners of capital used religion to keep the peasants and workers subjugated by leading them to think, not of their present misery, of future happiness in heaven.
- 24. Understanding COMMUNISM Everyone is treated equally by the government. Personal rights and freedoms are reduced, as the government tells people what they can and cannot do. Everyone has a job and is paid about the same amount of money.
- 25. Understanding COMMUNISM Laws are oftentimes much more strict, as the government wants to make sure people act in a certain way. There is healthcare for everyone, as the government provides it. Everything belongs to the government- especially businesses.
- 26. COMMUNISM When you go to any store, there are fewer choices and things are a bit more expensive than they could be. There are many fewer choices when you buy things, as the government wants everyone to be equal and have the same/similar things.
- 27. Criticism of Communism In the 20th century, it is estimated that 50 million people were killed in the name of communism. Most of Marx’s predictions were wrong, such as that communist revolutions would occur only in industrial societies. It is inconsistent with human nature. It ignores the appeal of religion.
- 29. Capitalism United States is Capitalist Work for profit and wealth Competition between people and businesses Private ownership by people and businesses “Free Market” trade, buy, sell without restrictions from government. Capitalism helps society and people by making large profits and trickling down money
- 30. Communism seeks to establish a classless society (no rich/poor) Ideology created by German Karl Marx 1800s- Wants a Utopia (Perfect society) common ownership of land, farms, factories (no private property) Government regulates society to be “equal” Sees profit as “theft” from working class Stalin’s Communism was not for the people, but for power (Not Marx’s vision)
- 31. THANKS FOR YOUR ATTENTION
- 32. Refrences Communism Manifesto, Marks & Engels(1848) See M. Beer, The General History of Socialism and Social Struggles (2 vol., tr. 1957); Z. K. Brzezinski, Ideology and Power in Soviet Politics (rev. ed. 1967); http://capitalismmagazine.com/2012/01/the-46-percent- who-pay-no-income-taxes/ R. Dunajevskaya, Marxism and Freedom (3d ed. 1971); R. V. Daniels, ed., A Documentary History of Communism (2 vol., rev. ed. 1988);