Capitalism and Communism are two totally different economic systems. Capitalism
is a much better economic system than Communism. Capitalism is an economic
system characterized by freedom of the market and is the economic system where
you do not have freedom because the government will make most of your decisions
for you. Capitalism has many pros to go along with its economy. The government
will change gradually, but is able to adjust to it with ease. Each person also
has individual freedom with lack of government interference. We also have the
freedom to choose what we want and when we want it. On the other hand, not
everybody will have a job, and the government will not help him or her find one.
If you do have a job, everyone will be getting paid the same amount of money as
you do. It all depends on what you do, whom you work for, and how long you
decide to work. Communism has many drastic chances at a time, but is able to
handle them. The bad things about communism is that everybody has a job, but no
matter how much you work or whom you work for, you will always be getting paid
the same amount of money as everyone else. Another bad thing about communism is
that consumers will not always get what they want because the government decides
on what you will buy. When you go to the store, you have a choice of what you
want to buy. If you are communist, the government decides for you. Because of
this, you can not always get what you want which is why communism is not a good
economy to live in. In our economy, you must work to make money. The more you
work, the more you will get paid and now you will be able to buy what you need,
and what you want. In a communist economy, you can work as much as or as little
you want, but you will still get paid the same amount of money as everyone else.
Why would you want to work so hard if you were going to make the same amount of
money? If you hardly ever put any effort into your work, you still would be
getting paid the same as everyone else so why over should you over exert
yourself. It would just be a waste of time and energy. Adam Smith and Friedrich
Engels are two Philosophers who studied and wrote books about the economy.
Smith, who wrote “Wealth of Nations”, is known for his strong belief in
capitalism. Engels, on the other hand, wrote the book called “The Communist
Manifesto”, and believed strongly in communism. In conclusion, capitalism is a
much better economic system because you have more freedom than you would if you
were a communist. There are so many more advantages for being a capitalist than
being a communist including better working conditions and more freedom.