Capitalism Vs Communism | What is the difference between Capitalism and Communism?
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- Опубліковано 26 чер 2024
- Have you ever wondered what the difference is between Capitalism and Communism? Capitalism and Communism are among two of the most popular political and economic ideologies in the world. But what are the main differences between the two? In this video we’ll compare and contrast five characteristics:
- Ownership of the Means of Production
- Economic System
- Income Inequality
- the Role of Government
- Key Figures and literary works
#Capitalism #Communism #Marx
Really entertaining and informative, I love the way you visualize everything for us
Glad you enjoy it!
Seems like you have done one of these videos a while ago. Very well put together. I think the task now is to get the best out of the two and make something new!!!
We have Nordics already yo.
@@ragedelic5812 awesome blossom!!!
Thank you. I like your simple videos, which I will share.
Thank you! That’s the best way to support the channel! Appreciate it.
Thank you U!!! The video was really helpful!!!✨💜
Really liked the way you taught.
Thanks for your informative videos..
Glad you like them!
Thank you. It gave me clear understanding about it
Awesome vid.
Thank you! 🙏🏼
Here's my opinion about communism and capitalism. Both have strengths and weakness. Capitalism relies on competition such as every person/corporation looks out for their best interest. Communism relies on altruism and solidarity of people. I think in certain circumstances communism do well in a short term, such as a last resort to produce things that are needed. Capitalism do well when everybody spends within their own mean. I think both end up failing. For communism, there is few incentives and people produce the bare minimum because of equal distribution but if there are less things to be distributed then there are shortages. Capitalism could fall too especially in modern time and has in the past. In capitalism people work hard because they think they can get ahead but the reality is that it is extremely unlikely for most people. The people in control of creating money and bonds in modern time can just cheat everybody else since money is no longer backed by gold. Nobody will go with this system when it gets to this point.
I appreciate your point of view 👍
I do, however, think there's one nugget of information you're missing
Capitalism brought something like 90+% of people out of abject poverty
Capitalism is the system of wealth and prosperity
Hope this helps ❤
The explanation is good, but it is lacking in the video is our reality under capitalism (e.g. monopolization, deregulation) is far from the ideals now that corporations are squeezing us to the point of our middle class disappearing. Likewise, the corruption under communism that has caused a handful of corrupt oligarchs, and the government to have amassed great wealth, while poverty rates sore.
Capitalism will always lead to monopolies. People should learn about communism in depth, and the different types such as Leninism and anarcho-communism. There's a reason our oppressors don't want the population educated on the subject.
@@anarcho-communist11do you know any youtuber who talks about that?
@@miguelbanda3209I recommend second thought if you’re starting
I suggest you watching his introduction to socialism videos
It’s pretty easy to understand in my opinion
@@miguelbanda3209 Hakim and second thought from the top of my head
Thanks for pointing out and emphasizing AMERICA is BEST! The Difference between America and ALL OTHERS? America is #1!
Thank you ,you saved my 30 minutes
Glad I could help
A Communist is someone who reads Mark and Engles.
A Capitalist is someone who understands Marx and Engles.
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How many books by marxists have you read? You mentioned state and revolution but fail to mention one of the most crucial points: the withering away of the proletarian state
can you do fascism vs democratic socialism?
It's the same thing.
@@BenNuProductions
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Facepalm indeed. They are both terrible for the average citizen.
@@BenNuProductions
democratic socialism has never been established
@@levelzanimations thankfully
Nice to show son 😊
😊
EPIC
I really enjoyed your video. However, I would put John Maynard Keynes as a counterpart of Milton Friedman. I love Friedman and his book free to choose and their subsequent videos. Basically capitalism is the creation of wealth and communism is the creation of poverty and misery.
The wholesale adoption of Keynesian theory may well have single handedly HALVED the growth potential of communist parties in the West
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Heavily underrated comment 👌
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I was taught in school that a communist government is when, one political party has all the power. For example, eliminating all Democrats and just have Republicans run the government, or eliminating all Republicans and just have Democrats run the government. A lot of people would be in favor of just having one party, mostly believe to just have Republicans. No, getting rid of one of those political parties, and just having Republicans or just having Democrats, that is THE WORST THING YOU COULD DO. You need both parties to work together and compromise. I you only have one party, that party will control us. I believe Russia only has one political party and after so many years, appoint a new leader to run the country.
It's going that way but it will be the Democrats that's running things seeing that they're already communist in disguise
That's not communism at all
Either your school faking sucks or you just weren't paying attention, what you just described is an oligarchy, a form of government, communism and capitalism are economic systems
@@ricardochavarria2743Well, yeah I'll admit, I didn't pay attention in school. So I am stupid, even my mother always is asking me, "what did they teach you in school?" But what I just said in the comments, they did teach that because in the paper work that they give you to study, the definition for dictator and the one for communism was there, and that what it said about the two. I found out later that the schools do tell you lies. I didn't believe before that they did. I believe it now. Another lie they teach in school is, after the world war 2, Russia got their freedom. No Russia is still not free. Now if Ukraine wins the war, maybe Russia and Ukraine will gain their independence. 👍
Sure, one political party. The proletariat party. It is a rule of the proletariat, and the rich have no say.
Communism was made to operate without a government meaning that it would operate by itself. It would be independent and share the collective view. That was the goal of communisms economic system.
Stateless 😂
"Communism was made to operate without a Gov"
"State-non-state"
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really useful for my geography class
Glad it was helpful!
Who told you the gov't has a regulatory role in a capitalist system?
It's like they've never heard of free enterprise before 🤔
Great comment, BTW
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You is a genius but i can see where this country usa is heading i also see who the black panther party was being ran by
The diffrence is one works the other dosent
Communism is different than lenninisn is different than modern socialism
Capitalism and communism is good on paper but both have their own problems as capitalism makes the rich richer and the middle and poor poorer while communism makes everyone miserable though I guess it's what it wants a equal but uhhhhhhhh yea so both have flaws.
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I don't know why people think money is the only motivator for being innovative and creative problem solving. There are many people who spend large amounts of time coming up with new ideas because that's just how they think, they enjoy new ideas, and/or they really want to help people.
Capitalist lovers strike me as being pretty selfish people who project their own selfishness onto the rest of the world and just figure we're all born that way.
The problem with communism is it doesn’t reward people who are better at things than others. In a communist system people are supposedly equal even if one does their job substantially better than the other. This bogs down the motivation to work hard because why work hard if someone who does way worse than you are supposedly the same. Communism doesn’t reward uniqueness at all. Capitalism rewards those who separate themselves from the common individual people who can bring new ideas. You can’t tell me with pure honesty that everyone deserves the same based on how they work. Not to mention the government has an absurd amount of power.
Capitalism has contributed greatly to human flourishing while communism is anti-human.
Exactly. With communism you get the same bland world every day with no changes. You'll own nothing and you'll be happy no matter what. If anyone needs an example of why Capitalism is by far the better system for innovation and the betterment of society just look at North vs South Korea lol
thats correct.
@@maxofficial2 Socialist countries have a worse environmental record than capitalist ones, thanks to capitalism food is much, much more abundant than it once was such that humanity has escaped the Malthusian trap, and the soft power of economics helps to prevent war through trade.
Communism would reduce humanity back to a primitive state, rejecting human flourishing in the name of some other ideal. It would cause the death and suffering of millions if not billions as the human population was devastated.
@@maxofficial2 The socialist countries I'm talking about are the Soviet Union, Maoist China, etc. Deaths due to climate have fallen _dramatically_ thanks to capitalism and once capitalist countries become wealthy they tend to start valuing the environment more. Advanced economies are already cleaning up their acts, even when you account for imports from developing economies.
The only reason there is so much food is because of capitalism. The notion that you could change distribution without also affecting production is nonsense. Capitalism has eliminated mass famines from the face of the planet outside of war zones. Things are far, far better than they were before.
The military industrial complex isn't the result of capitalism, it's the result of the government, of statism. Was it companies that went to war or was it the government?
The last part is based on the historical conditions of primitive communism with hunter gatherer societies and an understanding of basic economics. Communism is anti-human trash. Supporting socialism or communism in the 21st century is analogous to supporting fascism in my eyes.
@@maxofficial2 There are plenty of studies that you can look up yourself. The socialist countries focused much more on heavy industry and their inefficient processes required much more energy than their capitalist contemporaries. The environmental impacts were devastating. That's before even getting into utterly ridiculous policies like Mao's war on sparrows.
Sure, we could have stayed in pre-capitalist poverty and had a pristine environment. That would be great, right? This is what I mean by socialists having other ideals than human flourishing. There are always trade offs to be made. I'll take climate change over primitivism any day.
Do you seriously need for me to explain that distribution does not occur in isolation, that production decisions are made based on future expectations including distribution? You're living in a fantasy land if you think you can radically restructure the economy without affecting production. The world is not static, conditions are constantly changing and capital goods need to be replaced as they are used up.
There is no "capitalist class", that's Marxist collectivist nonsense. The individuals in the US government work for their own interests, which tends to be getting re-elected and enriching themselves. It's no coincidence that the military industrial complex is spread out across the entire United States, it's effectively a massive jobs program that makes it near impossible to dismantle as most districts get a piece of the action.
It would happen basically like how I mentioned above. Capital goods would be consumed and not replaced and improved, inefficiencies would multiply, higher time preferences would result in wealth destruction as the hard work of centuries was undone. It's not baseless at all.
Capitalism isn't just "private ownership"; that is misleading asf! Capitalist economies are FREE TRADE systems that start out at the individual level and grow. Private ownership implies that both parties (trader/consumer) own their properties through the work and intellectual ingenuity they create (trader) or the investment of a product (consumer). They are given the OPPORTUNITY to grow their product and then the consumer decides if the product is worth investing in or consuming. Most important is the purpose of capitalism. *IT'S NOT TO MAXIMIZE PROFIT!* It's to maximize TRADE and build healthy economies through consumption and growth of a business *THROUGH THE MEANS OF PRODUCTION.* Too many people like you associate corruption with capitalism😑.
I didn’t say it’s just about private ownership. And I never drew the line from profit to corruption. You made that assumption on your own. And I think a healthy economy, free trade, and opportunity are all closely correlated with profit (which enables these things). I think for most in a Capitalist system, making money is a top priority, but not the only priority. Now innovation and efficiency (which I also mention in the video) are also part of Capitalist system as well. It’s almost like you didn’t watch the whole video. You must have stopped after the ownership point.
@@IllustratetoEducate You mentioned efficiency, but no mention of innovation. Also, your assertion of key figures contributing to the progression of both systems is confusing as both systems have technically been around for THOUSANDS of years in some form or another. I don't understand the key figures section. If you meant economic key figures, I think I can understand where you're going. I also think it would help to distinguish the various causes for inequality in capitalism and why communism fails constantly. These simple explanations don't paint an accurate clear picture for either systems. Do you know of Ryan Chapmans channel? If you look at the way he addresses his topics, it's quite thorough.
Yeah, good point. So just key figures in the progression of each.
But Innovation is mentioned here at the lightbulb. 1:21
@@IllustratetoEducate You're right, I guess I missed that tidbit....my apologies.
@@biggoards2772 no worries! You bring up really good points in your initial comment. It’s just isn’t my objective to be misleading. That being said, your comment helped me realize I can do better at being more clear in future videos. Thanks for the conversation!
Communism sounds like a MUCH better setup than capitalism.
Did communists make the smartphone you’re using to comment, Do communists control the supermarkets were you’re able to get an abundance of food supply, Do capitalists kill you for a dissenting opinion. Ask why people from communist countries are doing every single they can to come to the land of the free market known as USA. Be grateful for capitalism dummy.
Why do you think so?
@@hakeemfrancis1099USA is a very flawed country but a lot of people who immigrated their had better lives.
@k9ngmiller1982 in communism having a negative opinion towards your government will get you killed. Grocery stores bearly had anything on the shelves and the higher ups get all the luxury and you live in a poor environment with a lack of basic hydro, plumbing, car, or motorcycle
@@maplemiles3381It’s flawed because of irresponsible government spending, the welfare state and not privatising important sectors.
There is no difference between America and communists There the same
Exactly
How?
Please explain. In America there is prosperity and fully stocked grocery stores
@youtubesucks1499 both like control of their people wanting them to obey they both don't mind killing their people in a senseless war everyone is afraid of speaking out because their afraid of death
@@danielscheuer939 I see your point the Marxist Totalitarian Left regime.
Lol. Central Bank much?