1. Communism vs Capitalism
Critical Questions for Understanding

2. Capitalism
Allocation of scarce resources to satisfy unlimited wants

3. Communism Karl Marx Pure economic theory
Violent class struggle between working class and those that own the means of production (gap between rich and poor).
No private property
Workers own the means of production
Dictatorship of the proletariats
Work according to ability
Pay according to need
No government system as the state will slowly wither away
Formation of classless society
Karl Marx

4. Why Does the Laborer Work?
Do you work for the good of the community or individual gain? Who does the work?

5. What Governs the Economy?
CAPITALISM
Supply and Demand
COMMUNISM
Consensus of the people

6. How is Wealth Distributed
CAPITALISM
According to the merit or skill of the individual
COMMUNISM
According to need

7. How do the Individuals Relate to Each Other?
CAPITALISM
They compete
COMMUNISM
They cooperate

8. What is the Goal of the Economic System?
CAPITALISM
Individual profit and attainment of property
COMMUNISM
Classless society free of want and all needs of the people are met

9. What is the Role of the Government in Either Economic System?
None in either model in its ideal form