The Similarities Between Communism And Communism

1.0 Communism

Communism is an economic system where, in theory, ownership of everything (e.g. goods, industrial products, businesses, farm produce, etc.) is collectively by the Government and the payment of income is only based one’s need. In communism, individuals have little say or on say at all on what to produce, not even owning anything since ownership is only by the Government. Communism is a socio-economic structure based on classless, stateless society where the means of production are on common ownership. Therefore, communism is the idea of free society where there is no divisions, humanity is not oppressed, no need for Government or countries. A citizen earns according to their needs and gives according to their abilities to do so.

It also marked the end of cold war between the Soviet Union and United States leading to reformed political, economic and military alliances worldwide. Upon its formation, outcome of Bolshevick Revolution of 1917, Soviet Union adopted Socialism later transforming to Communism. The main objective for Socialism and eventual Communism was to create a unified state based on centralized economic and political system. This ideology later transformed into totalitarian state. The underestimation of resistance from non-Russian ethnic groups (which was more than 50% of total population), and failure of the communism system to meet economic needs of the people were some of the reasons which to led to the decline of the USSR economy and arms competition with United States. Despite the Government’s effort to instill the ideology of communism to its people, it never took firm roots and Government ended up losing the grip of the people. With the political and economic stagnations caused by the communism, there was no choice but to change the way of doing things leading to dissolution of USSR in December 1991. The fifteen newly formed countries had overwhelming tasks of developing the economy, reorganizing the political systems, and settling the territorial disputes created earlier. There has been wars in the boundaries of the former

The Great Depression of the 1930s led to prevention of imports because of declined foreign sales in most Latin American countries. This resulted to an automatic production of domestic products to meet their needs. Thereafter, various tariffs imposed favored local production. Import substitution was successful in countries with large populations who could provide market while small countries like Honduras could not implement it fully due to shortage of market. In countries where the import substitution was successful, Governments changed from neocolonial to democratic, nationalization of banks and some foreign companies or even ownership by local business people. Industrial output grew to support growing populations in these