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Presentation on
Communism vs Capitalism
By
Neelam Safir Ullah and Bilal (M.phil 1st term)
Subject; Political Ideologies by M’aam Shabana
Capitalism vs Communism
Key Figures and Works
Communism Capitalism
PLATO; In the ideal state described
in Plato’s Republic, the governing
class of guardians devotes itself to
serving the interests of the whole
community.
Communism of Property and Family
Capitalism, economic system, dominant in the Western
world since the breakup of feudalism.
Adam Smith; (Scotish Economist)
who recommended leaving economic
decisions to the free play of
self-regulating market forces.
Book- Wealth of Nations
Marx & Engles;( Scientific
foundation of Communism)
Encouraged working
class towards leading a society in
which prosperity would be shared
by all through common ownership
of the means of production.
Books; Communist Manifesto &
Das Kapital.
Milton Friedman; American Economist;
believing that free market (laissez-faire)
capitalism was the best and only way
maximize human liberty.
limited govt inntervention in economy
Book; Capitalism and Freedom
Key Figures and Works
Communism Capatalism
Lenin; (Revolutionary Communism)
Establishment of the dictatorship of
the proletariat based on the Marxism.
Ruusian Revolution in 1917.
Main Characteristics
Communism Capitalism
State control Economy;
Collective/state ownership
of means of production
( farm, factories,technology etc)
Free Market Economy;
Private ownership of means
of production
(farm, factories,technology etc)
Main Characteristics
Communism Capitalism
Government intervention;
High government intervention
portrays a command economy.
Government intervention;
Minimal or no government
intervention.
Price and production of goods
and services;
Controlled by the government
Price and production of
goods and services;
Determined by supply
and demand.
Main Characteristics
Communism Capatalism
Systems of Government:
Communist economies often feature authoritarian
governments with extensive control over all aspects of
society by the state.
Systems of Government:
Capitalist economies typically adopt democratic forms
of governance that ensure individual liberty with
minimal government interference.
Main Characteristics
Communism Capatalism
Economic Equality;
Classless and stateless society,
Abolished Private property .
Wealth is divided among citizens equally or according
to individual need.
Economic Inequality;
The rich get richer and the poor get poorer,
Divide society into classes,
Capitalists with access to private property can 'exploit'
their monopoly power to make a much higher profit
than other people in society.

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communism vs capitalism..socialism,Karl Marx

  • 1. Presentation on Communism vs Capitalism By Neelam Safir Ullah and Bilal (M.phil 1st term) Subject; Political Ideologies by M’aam Shabana
  • 3. Key Figures and Works Communism Capitalism PLATO; In the ideal state described in Plato’s Republic, the governing class of guardians devotes itself to serving the interests of the whole community. Communism of Property and Family Capitalism, economic system, dominant in the Western world since the breakup of feudalism. Adam Smith; (Scotish Economist) who recommended leaving economic decisions to the free play of self-regulating market forces. Book- Wealth of Nations Marx & Engles;( Scientific foundation of Communism) Encouraged working class towards leading a society in which prosperity would be shared by all through common ownership of the means of production. Books; Communist Manifesto & Das Kapital. Milton Friedman; American Economist; believing that free market (laissez-faire) capitalism was the best and only way maximize human liberty. limited govt inntervention in economy Book; Capitalism and Freedom
  • 4. Key Figures and Works Communism Capatalism Lenin; (Revolutionary Communism) Establishment of the dictatorship of the proletariat based on the Marxism. Ruusian Revolution in 1917.
  • 5. Main Characteristics Communism Capitalism State control Economy; Collective/state ownership of means of production ( farm, factories,technology etc) Free Market Economy; Private ownership of means of production (farm, factories,technology etc)
  • 6. Main Characteristics Communism Capitalism Government intervention; High government intervention portrays a command economy. Government intervention; Minimal or no government intervention. Price and production of goods and services; Controlled by the government Price and production of goods and services; Determined by supply and demand.
  • 7. Main Characteristics Communism Capatalism Systems of Government: Communist economies often feature authoritarian governments with extensive control over all aspects of society by the state. Systems of Government: Capitalist economies typically adopt democratic forms of governance that ensure individual liberty with minimal government interference.
  • 8. Main Characteristics Communism Capatalism Economic Equality; Classless and stateless society, Abolished Private property . Wealth is divided among citizens equally or according to individual need. Economic Inequality; The rich get richer and the poor get poorer, Divide society into classes, Capitalists with access to private property can 'exploit' their monopoly power to make a much higher profit than other people in society.