Importance Of Communism

Why is Communism a favorable choice for an economy? Well that’s because things would be much more stable under Communist rule. Communism is the embodiment of security, equity, and efficiency. The idea was first conceived by the revolutionary philosopher, Karl Marx. Marx believed that private property was the source of most the problems. In a communist country, all property is controlled by the government instead. “The distinguishing feature of communism is not the abolition of property generally, but the abolition of bourgeois property. But modern bourgeois private property is the final and most complete expression of the system of producing and appropriating products that is based on class antagonisms, on the exploitation of the many by the

With the government in control, they assure that all people are cared for correctly. Every able-bodied person is given a job and is paid accordingly. This is where equity comes in. Many people believe that in communism, everyone is paid equally regardless of job, this however is false. In fact equity is the more valid term. People are paid what they need to survive. For example; a person who has a family of three will be paid enough to sustain said family. His neighbor who is a family of six will be paid more to sustain his family. They’re paid no more and no less than what they need to survive. Many people may see this as a disadvantage. However, that is because many of us have grown up in a capitalist environment. We see it as these people are unable to grow and expand their lifestyle to a more extravagant level, like they could in a free market economy. However, the detriments of a free market economy are the possibility of being homeless. The Communist economy assures that no one will live in poverty;

Every economic philosophy’s goal is to have the economy grow. However this is almost impossible without an efficient government and work force. As previously stated in the paragraph before, a communist country is more likely to have an efficient economy which makes it easier for it to grow. Now, there are two sides to an economy growing; it can either go as planned or it can backfire. With the way a communist economy is run, the government has all of the control. If the government decided to take the next step in pushing the economy forward, they need to know if it’s actually ready. Of course if it is then everything will improve, however if there was some bad judgment, then they may be pushed a few steps back instead. If the economy cannot grow, it can cause problems for the people. “The feudal system of industry, in which industrial production was monopolized by closed guilds, now no longer suffices for the growing wants of the new markets. The manufacturing system took its place. The guild-masters were pushed aside by the manufacturing middle class; division of labor between the different corporate guilds vanished in the face of division of labor in each single workshop. Meantime, the markets kept ever growing, the demand ever rising. Even manufacturers no longer sufficed. Thereupon, steam and machinery revolutionized industrial production. The place of manufacture was taken by the giant, MODERN INDUSTRY; the place of the industrial