This document discusses and compares capitalism and communism. Capitalism is defined as an economic system based on private ownership and operation for profit, while communism aims for common ownership without social classes or money. The document notes that India practices capitalism as a democratic country, while China strictly practices communism. It concludes by stating that while capitalism itself is not inherently wrong, communism degrades humans and tramples on individual freedom by not considering human nature as created by God and making people tools of the state party.

1. CAPITALISM AND COMMUNISM
ABSTRACT;
Capitalism and communism are the words that have defined the growth,
evolution and success of countries in this modern era. I, and millions of
people on the earth are favoring one of the ideology. So, what is meant by
these words and what is there significance in effecting our lives.. Capitalism
an economic system in which trade, transport, industries, and the means of
production are largely or entirely privately owned and account, operate for
profit. Central characteristics of capitalism include private property,
capital accumulation, wage , labor and, in many models, competitive
markets, whereas Communism from Latin – common, universal, is a
socioeconomic system structured upon the common ownership of the means
of production and characterized by the absence of social classes, money,
and the state; as well as a social, political and economic ideology and
movement that aims to establish this social, political and economic equality.
Now, one of these ideologies is the base of most countries are
established and growing successfully, as, India is a democratic
country where Capitalism is practiced , where as China is Communist
country where strict Communism is practiced. One hears often:
"Capitalism is not better than Communism. The Church has condemned
both with the same vigor. So the capitalist system deserves no more
consideration than the communist system. However in another encyclical
letter Pope Pius XI wrote: "Capitalism itself is not to be condemned. And
surely it is not vicious of its very nature, but it has been vitiated." One will
see how it happened in this article. Communism is intrinsically wrong, not
only because it divides man from God, but also because of the little
importance it attaches to the individual, even in the temporal area.
Communism degrades the human person. It does not take into
consideration the nature of man, created by God. It tramples on the
individual’s freedom of choice. For Communism, man is nothing but a tool
that can be used for the goals of the Party, a tool that must abide by those
goals or be crushed ruthlessly.