Capitalism Vs Communism | What is the difference between Capitalism and Communism?

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

[scrup]

Really entertaining and informative, I love the way you visualize everything for us

[vondoromal]

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!!!

[CJ-gvbq]

Thank you. I like your simple videos, which I will share.

[mariyahtalodawala]

Thank you U!!! The video was really helpful!!!✨💜

[tham-]

Thank you. It gave me clear understanding about it

[wavereader]

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.

[levelzanimations]

can you do fascism vs democratic socialism?

[psikeyhackr]

The concept of GNP/GDP was developed in the late 1930s. John Maynard Keynes never saw a television commercial for automobiles. Capitalist and Communist economists have ignored the depreciation of automobiles and other durable consumer goods since 1950.

So consumers going into debt for junk designed to become obsolete increases GDP.

Since Adam Smith wrote "read, write and account" multiple times in Wealth of Nations while our economists do not mention mandatory accounting in the schools, is this really Capitalism?

This is corporate consumerism with planned obsolescence!

[metalgearbella]

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

[theelwoodful]

Who told you the gov't has a regulatory role in a capitalist system?

[ricban]

A Communist is someone who reads Mark and Engles.
A Capitalist is someone who understands Marx and Engles.

[maximilianogarciachirinos]

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.

[connorpencek]

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.

[bickeya.j.m]

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.

[GQ-jvuw]

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

[Him__Downstairs]

You compared them but didn't really explain why capitalism actually works and communism doesn't.

[Thelordofhate]

The diffrence is one works the other dosent

[kassie]

Communism is different than lenninisn is different than modern socialism

[rizmacadillac]

Thanks for pointing out and emphasizing AMERICA is BEST! The Difference between America and ALL OTHERS? America is #1!

[angpeter]

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 yea so both have flaws.