The Rise of NATO - An Overview of Communism and Capitalism

Capitalism

Dollar Sign White,
Public Domain Pictures

In a capitalistic economy, the market is owned by the citizens and power often rest with those who have the means of obtaining and maintaining capital. Citizens of capitalisms are divided into many classes. The three most notable of these classes are the nobles, the bourgeoisie, and the proletariats. Historically the nobles held power. The nobles created large amounts of trade, especially in fine goods. During the Industrial Revolution, the nobles' trade greatly decreased and the bourgeoisie began to seize power. Upon obtaining power, the bourgeoisie began using the proletarians as workers. Much of the capital earned by the work of the proletariats was collected by the bourgeoisie. This style of economics is used throughout many countries today (Manifesto of the Communist Party, Marx and Engels).

Communism

Communist Star,
Critical Legal Thinking

The communists viewed capitalism as a form of exploitation against the proletarians. They sought to centralize the proletariat class and overthrow the capitalistic governments. Upon this overthrow, the communists would establish a communism in its place. A communism is classless. Instead of consisting of employers and workers, every able person works together to achieve their goals. All products produced from this work are distributed to the citizens according to their need. This system creates secure jobs and balanced pay. Communism is continually becoming less common throughout the world (Manifesto of the Communist Party, Marx and Engels).