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The actions by governments of communist states have been subject to criticism across the political spectrum. According to the critics, the rule by communist parties leads to totalitarianism, political repression, restrictions of human rights, poor economic performance and cultural and artistic censorship.
- What are the effects of communism?
- What are the disadvantages of socialism?
- What are disadvantages of capitalism?
- What are the bad things about capitalism?
- What are the effect of communism on politics?
- How does communism affect the economy?
- What are the advantages and disadvantages of socialism and capitalism?
- What are the advantages and disadvantages of a mixed economy?
- What are the disadvantages of capitalist democracy?
- Why is capitalism bad for the poor?
What are the effects of communism?
The injustices of communism were not limited to mass murder alone. Even those fortunate enough to survive still were subjected to severe repression, including violations of freedom, of speech, freedom of religion, loss of property rights, and the criminalization of ordinary economic activity.
What are the disadvantages of socialism?
Disadvantages of socialism include slow economic growth, less entrepreneurial opportunity and competition, and a potential lack of motivation by individuals due to lesser rewards.
What are disadvantages of capitalism?
However, like everything else capitalism has its disadvantages such as negative externalities like pollution and diminishing non-renewable resources; a disproportionate distribution of wealth or income; and high unemployment rates and economic instability due to the cyclical nature of the capitalistic system.
What are the bad things about capitalism?
However, despite its ubiquity, many economists criticise aspects of capitalism and point out is many flaws and problems. In short, capitalism can cause – inequality, market failure, damage to the environment, short-termism, excess materialism and boom and bust economic cycles.
What are the effect of communism on politics?
The main idea of the society i.e. social welfare can be achieved by the communist theory. It promotes the directive principles of state like public health, education,provision of child care, social services, social benefits will, forward society towards its development and raise labour productivity.
How does communism affect the economy?
Communism has a centrally planned economy; it can quickly mobilize economic resources on a large scale, execute massive projects, and create industrial power. It can move so effectively because it overrides individual self-interest and subjugates the welfare of the general population to achieve critical social goals.
What are the advantages and disadvantages of socialism and capitalism?
Capitalism affords economic freedom, consumer choice, and economic growth. Socialism, which is an economy controlled by the state and planned by a central planning authority, provides for a greater social welfare and decreases business fluctuations.
What are the advantages and disadvantages of a mixed economy?
The mixed economy will tax companies and individuals at different levels, with more government involvement often dictating a higher level of responsibility in this area. Social services and infrastructure needs are benefits that everyone enjoys, but a high tax rate can also become a disadvantage.
What are the disadvantages of capitalist democracy?
Private enterprise can use economic resources more efficiently than the public sector, which means the profits can go right back into the system to help everyone during each cycle. Over time, this trait leads to expansion, more jobs, and eventually more wealth. Socialism does not provide this advantage.
Why is capitalism bad for the poor?
As an economic system, one of the effects of capitalism is that it breeds competition between countries and perpetuates poverty among developing nations due to the individual interests of private corporations rather than the needs of their workers.
