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Capitalism vs Communism
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What do you like Capitalism or Communism explain why.http://en.wikipedia.org/wiki/Capitalism said:Capitalism generally refers to an economic and social system in which the means of production are predominantly privately[1][2] owned and operated, and in which investments, distribution, income, production and pricing of goods and services are determined through the operation of a market economy. It is usually considered to involve the right of individuals and groups of individuals acting as "legal persons" or corporations to trade capital goods, labor, land and money (see finance and credit).
Capitalist economic practices became institutionalized in Europe between the 16th and 19th centuries, although some features of capitalist organization existed in the ancient world, and early forms of merchant capitalism flourished during the Middle Ages.[3][4] Capitalism has been dominant in the Western world since the end of feudalism,[5] It gradually spread from Europe, particularly from Britain, across political and cultural frontiers. In the 19th and 20th centuries, capitalism provided the main, but not exclusive, means of industrialization throughout much of the world.[6]
The concept of capitalism has limited analytic value, given the great variety of historical cases over which it is applied, varying in time, geography, politics and culture, and some feel that the term "mixed economies" more precisely describes most contemporary economies.[7][8] Some economists have specified a variety of different types of capitalism, depending on specifics of concentration of economic power and wealth, and methods of capital accumulation.[6] During the last century capitalism has been contrasted with centrally planned economies.http://en.wikipedia.org/wiki/Communism said:Communism is a socioeconomic structure that promotes the establishment of a classless, stateless society based on common ownership of the means of production.[citation needed] It is usually considered a branch of the broader socialist movement that draws on the various political and intellectual movements that trace their origins back to the work of Karl Marx.[citation needed] Opponents say that communism is an ideology, whereas promoters say that it is the only political system without ideology, because it is the consequence of historical materialism and the revolution of the proletariat.[citation needed]
“ The Communists... are on the one hand, practically, the most advanced and resolute section of the working-class parties of every country, that section which pushes forward all others; on the other hand, theoretically, they have over the great mass of the proletariat the advantage of clearly understanding the lines of march, the conditions, and the ultimate general results of the proletarian movement.
The immediate aim of the Communists is the same as that of all other proletarian parties: formation of the proletariat into a class, overthrow of the bourgeois State, conquest of political power by the proletariat. - Karl Marx, Communist Manifesto, 1848
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Although many forms of communism, such as Leninism, Trotskyism and Luxemburgism, are based on Marxism and Karl Marx is sometimes known as the "father of Communism", non-Marxist versions of communism (such as Christian communism and anarchist communism) also exist.
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