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Capitalism and communism 1

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Capitalism and Communism

The article people are losing faith in capitalism. The world needs a new approach that

shows how capitalism is slowly losing the grip of its supporters, and how the people are showing

their disappointments. The article states that there is a shrinking middle class and an uneven

distribution of the benefits of globalization are some of the factors that contribute to the

declining confidence in the economic system. The article the kings of capitalism are finally

worried about the growing gap between rich and poor shows how capitalism is widening the gap

between the rich and the poor. The article refers to the gap as a national emergency. The reports

tell us how capitalism is slowly affecting the economy negatively.

In the article, people are faith in capitalism. The world needs a new approach; capitalism

comes out as the new enemy of the economy rather than a better form of running the economy.

Capitalism has brought about a significant drop in the middle class, and the number is slowly

increasing as the days go by (Buchwalter, 5). Capitalism is bringing in unemployment through

the automation of different processes; the employer focus is on profits. Heiddeger being a

believer in socialism was a strong advocate in having a central control of property (preferably by

the government) through which there will be an equal distribution of resources.

Capitalism and communism 2

The rich people are well aware of the growing gap that is between them and the poor

people. In the article the kings of capitalism are finally worried about the growing gap between

the rich and the poor, the author shows how the rich are concerned about a system that has

brought them there in the first place. A significant chunk of the population has been left behind

due to different policies (Dalton, 25). Heiddeger was always advocating for the equal distribution

of resources so s to ensure that the gap between the poor and the rich was not going to be very

wide.

Capitalism has proven itself to be an effective form of running the economy.

Communism is responsible for bringing down the economy of Russia (Galbreith et al., 6).

Development in technology has caused employment for skilled workers and it is therefore not

fair to say that capitalism is creating unemployment. According to Wittgenstein, ``everything in

the world is as it is``, it is thus left to people to figure out where they fit in the economy and not

just claim that there are no jobs.

Capitalism is not necessarily what has brought about the large gap between the rich and

the poor. Improvement in technology has made it possible to automate the different production

processes therefore making unskilled people to lose their jobs (Goure, 74). The governments

have also been practicing corruption therefore leading to misuse of funds. As Wittgenstein put it,

``just improve yourself; that is the only thing you can do to better the world``. Focus on your

self-growth rather than on how the gap is growing.

Capitalism is a model of running the economy which has been proven over time. Though

capitalism has its negative side, the blame cannot be laid entirely on the system (Brunner, 21).

Development in technology should have an accompaniment of new job creation. Focus should be

on improving the system and not adopting a new system.

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Capitalism and communism 1 Student`s name Professor`s name Course Date Capitalism and Communism The article people are losing faith in capitalism. The world needs a new approach that shows how capitalism is slowly losing the grip of its supporters, and how the people are showing their disappointments. The article states that there is a shrinking middle class and an uneven distribution of the benefits of globalization are some of the factors that contribute to the declining confidence in the economic system. The article the kings of capitalism are finally worried about the growing gap between rich and poor shows how capitalism is widening the gap between the rich and the poor. The article refers to the gap as a national emergency. The reports tell us how capitalism is slowly affecting the economy negatively. In the article, people are faith in capitalism. The world needs a new approach; capitalism comes out as the new enemy of the economy rather than a better form of running the economy. Capitalism has brought about a significant drop in the middle class, and the number is slowly increasing as the days go by (Buchwalter, 5). Capitalism is bringing in unemployment through the automat ...
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