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Capitalism Vs Communism (Limitations (Unfair (Some people work harder than…
Capitalism Vs Communism
Key Historical Figures
Karl Marx
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Communist Manifesto
Shows how bourgeoise own properties and make proletariat work hard but give them lower wages, causing them to become poorer while they become wealtheir
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Vladimir Lenin
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Ideologies
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Democratic Centralism
Free discussion, but also votes where the majority outrule the others
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Limitations
Unfair
Some people work harder than others, but they still receive same profit
Less economic growth
Eliminates motivation to work hard, because they will still earn the same amount as someone who barely worked
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Key Historical Figure
Adam Smith
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The Wealth Of Nations
Book he wrote
Relationship between work and production, as well as nation's wealth
Strengths
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More motivation
Desire to work hard, to earn
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