Capitalist vs. Communist. “Fascism is nothing but capitalist reaction .” Leon Trotsky. Definition. cap·i·tal·ism noun \ˈ ka-pə-tə -ˌ liz-əm , ˈ kap - tə -,
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Capitalist vs. Communist
“Fascism is nothing but capitalist reaction.”Leon Trotsky
noun \ˈka-pə-tə-ˌliz-əm, ˈkap-tə-,
: a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government
noun \ˈkäm-yə-ˌni-zəm, -yü-\
: a way of organizing a society in which the government owns the things that are used to make and transport products (such as land, oil, factories, ships, etc.) and there is no privately owned property
With capitalism, growth depends on private enterprise. Private interests, hard work and the prosperity that each Enterprise attains, brings well being for the individuals who work in it.
With Communism, the state takes over the productive apparatus of the country, which is supposed to bring equal prosperity to the whole population regardless of how hard each individual works or merits.