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  • Essay / Importance of Communism - 1054

    Why is Communism a favorable choice for an economy? Well, that's because things would be much more stable under communist rule. Communism is the embodiment of security, fairness and efficiency. The idea was first conceived by revolutionary philosopher Karl Marx. Marx believed that private property was the source of most problems. In a communist country, all property is controlled by the government. “The distinctive feature of communism is not the abolition of property in general, but the abolition of bourgeois property. But modern bourgeois private property is the final and most complete expression of the system of production and appropriation of products which is based on class antagonisms, on the exploitation of the greatest number by the people. The government is in charge and ensuring that everyone is properly taken care of. Every able-bodied person is assigned a job and paid accordingly. This is where fairness comes in. Many people believe that in communism everyone is paid equally regardless of job, but this is false. In fact, fairness is the more valid term. People receive what they need to survive. For example; a person who has a family of three will be paid enough to support that family. His neighbor, who has six people, will be paid more to support his family. They are paid no more or less than they need to survive. Many people may see this as a disadvantage. However, this is because many of us grew up in a capitalist environment. We view these people as incapable of growing and expanding their lifestyle to a more extravagant level, as they could in a free market economy. However, the downsides of a market economy are the possibility of homelessness. The communist economy ensures that no one will live in poverty; the goal of any economic philosophy is to grow the economy. However, this is almost impossible without an effective government and workforce. As previously stated in the previous paragraph, a communist country is more likely to have an efficient economy, which facilitates its growth. Today, there are two sides to a growing economy: it can either go as planned or it can backfire. In the way a communist economy is run, the government has all the control. If the government decides to take the next step in moving the economy forward, it needs to know if it is truly ready. Of course, if that's the case, everything will improve, but if there was poor judgment, then they might be pushed back a few steps. If the economy cannot grow, it can cause problems for the people. “The feudal industrial system, in which industrial production was monopolized by closed corporations, is no longer sufficient to meet the growing needs of new markets. The manufacturing system has taken its place. Guild masters were pushed aside by the manufacturing bourgeoisie; the division of labor between the different corporations disappeared in the face of the division of labor in each workshop. Meanwhile, markets continued to grow as demand continued to increase. Even the manufacturers were no longer enough. From then on, steam and machines revolutionized industrial production. The place of manufacturing was taken by the giant, MODERN INDUSTRY; the place of the industrialist