Advantages and Disadvantages of Communism
Advantages and Disadvantages of Communism
What is Communism? Communism is a political ideology that aims at establishing a society where the means of production and natural resources are owned by the state instead of the private ownership. China is one of the most prominent countries that practice this form of government. Other countries include Vietnam, Cuba, Laos and North Korea. It is a political theory formulated from Karl Marx's work. It opposes capitalism and advocates for a classless community where private property is severely curtailed. This type of government fits within the spectrum of socialist structures. The term ''communism'' is coined from a Latin word that connotes it as ''common''. Communism has its advantages and, likewise, some downsides to it. Features of Communism. The features of communism include:Advantages of Communism.
- Abolishment of private property.
- A classless society.
- Collective ownership of natural resources and means of production.
- Dispelling unfair pay gaps in society.
- Robust central government administration.
Disadvantages of Communism. However, despite the above advantages, most countries that espoused communism flopped to a large extent. For example, the Soviet Union collapsed, forcing Russia to transition to a market-oriented economy instead of a planned economy. China has also adopted a socialist market economic system. Some of the disadvantages of communism include the following:
- Communism generates employment opportunities- employment is offered based on what you are proficient in doing. It is skill-based and the government dictates what you are supposed to do for the betterment of society. There are no roles regarded superior to others in communism as it aims to propagate equality.
- It creates a robust social community- communism aims at inclusivity and is founded on the premise that everyone has a role to play. In this form of government, you are either giving instructions, setting the policy or implementing what you are told to do. This ensures social cohesion towards building a robust society.
- Communism aims at eradicating socioeconomic differences in society- this form of government is based on a classless system that narrows the gap between the rich and poor.
- It creates educational opportunities for everyone- regardless of socioeconomic background, you are entitled to education in this form of government. This form of government invests in the general public who are in turn expected to serve the community in their own way.
- Everyone has equal opportunities to succeed in life- basically, everyone begins on almost the same footing, with equal chances of contributing positively to the society.
- Communism helps eradicate corporate monopolies, mainly because the state owns everything and private ownership is highly discouraged. It is a form of government that does not prioritize personal interests but rather collective interests.
- The government can mobilize resources- the government is enabled to execute massive projects as it owns everything. The government is the central planner and controls the economy.
Diverse populations have divergent opinions and, more so, diverse needs. Advocating for equal rights and equal treatment can be challenging. Communism is a form of government that provides a framework for economic and political operations. It has been employed by various countries, and objectively, the disadvantages outweigh the advantages. Communism concepts are majorly theoretical and are practically untenable. Comparatively, capitalism proves to be a better framework. It provides healthy competition for entrepreneurs and obeys the rules of supply and demand. Supply and demand are market forces that should be used in adopting economic frameworks. Communism almost invariably overlooks the nature of supply and demand as market forces. If you want such an essay written for you, please place your order on the link below and our experts will work on it within the required time frame.
- The government owns everything and curtails private ownership- the system obliterates the laws of supply and demand that set prices for consumers to pay. The central planners lose feedback that is crucial for the production cycle. Often the government finds itself producing too much of one product and too little of the other. Communism formulates strict rules on how businesses are supposed to operate. This is in a bid to establish a classless society.
- Entrepreneurs lose motivation and incentive- which results in reduced productivity and efficiency. This is mainly caused by the fact that government owns everything. Every entrepreneur wishes to experience success; this becomes an elusive dream in a communist form of government. An economy is mainly propagated by innovation and the commitment of entrepreneurs towards innovation. Communism is devoid of this element.
- The needs of a consumer are not considered- the government's priority is presumed to be for the common interest of consumers. The government makes decisions independent of feedback, and inevitably dissatisfaction among the general populace ensues.
- Communism is a form of government that highly curtails freedom of speech- the government's priorities are supreme and are regarded in the best interests of society. For this reason, the ideology of individual freedom does not sit well with government officials.
- Communism is a form of government marred with abuse from state officials- highly ranked state officials control everything. This means they have the wherewithal to allocate resources to particular individuals and discriminate against others. This form of government almost invariably culminates in a dictatorship.
- Communism often leads to the abject poverty of its citizen- the government can easily mislead the general public under the guise of equal distribution of resources. The reality is that highly ranked officials are prejudiced while allocating resources. It is also difficult for the government to continually assume the role of central planners as there is no feedback from citizens. This results in the government overspending on unnecessary, unprofitable projects.
- Communism lacks the price mechanism- it refers to the sellers and buyers who negotiate the prices of goods and services based on supply and demand. Communism, therefore, obliterates the crucial market forces.
- It might be challenging to govern a diverse population with their need for different rules.
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