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Communism Vs Capitalism

It is true, democracies, autocracies, dictatorships, etc., are forms of government that have little connection with economic welfare. To understand that subject, we have to look at the economic systems, e.g., capitalism, socialism, communism, etc. Any of the above governments can and have worked with these different economic models with success (and failure). To date, capitalism has shown better results than any other system. However, the current forms of western capitalism are heavily modified by government "rules of the game" that ameliorate the unfavorable side-effects, such as, depressions, excessive inequality, poverty, etc.

Furthermore, feudal, socialist, and communist economies all over the globe, from small utopias (New Harmony, Lanark, Oneida in the U.S.) to colossal nations (Russia, China), with very few exceptions, have given up on their attempts to establish egalitarian societies because equality and incentive are incompatible.

Where they failed, leftists and......


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Approximate Word Count: 612
Approximate Pages: 3 (250 words per double-spaced page)

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