Comparing Economic Systems [ushistory.org]
American Government 1. The Nature of Government a. The Purposes of Government b. Types of Government c. What Is a Democracy? d. Democratic Values Liberty, Equality, Justice 2. Foundations of American Government a. The Colonial Experience b. Independence and the Articles of Confederation c. Creating the Constitution d. The Bill of Rights 3. Federalism a. The Founders and Federalism b. Tipping the Scales Toward National Power c. Federal-State Relations Today: Back to States' Rights? 4. American Political Attitudes and Participation a. American Political Culture b. What Factors Shape Political Attitudes? c. Measuring Public Opinion d. Participating in Government e. Voting: A Forgotten Privilege? 5. How Do Citizens Connect With Their Government? a. Political Parties b. Campaigns and Elections c. Interest Groups d. The Media e. The Internet in Politics 6. Congress: The People's Branch? a. The Powers of Congress b. Leadership in Congress: It's a Party Matter c. The Importance of Committees d. Who Is in Congress? e. How a Bill Becomes a Law 7. The Presidency: The Leadership Branch? a. The Evolution of the Presidency b. All the President's Men and Women c. Selection and Succession of the President d. The President's Job e. Presidential Character 8. The Bureaucracy: The Real Government a. The Development of the Bureaucracy b. The Organization of the Bureaucracy c. Who Are the Bureaucrats? d. Reforming the Bureaucracy 9. The Judicial Branch a. The Creation of the Federal Courts b. The Structure of the Federal Courts c. The Supreme Court: What Does It Do? d. How Judges and Justices Are Chosen e. The Power of the Federal Courts 10. Civil Liberties and Civil Rights a. Rights and Responsibilities of Citizens b. First Amendment Rights c. Crime and Due Process d. Citizenship Rights 11. Policy Making: Political Interactions a. Foreign Policy: What Now? b. Defense Policy c. Economic Policy d. Social and Regulatory Policy 12. State and Local Governments a. State and Local Governments: Democracy at Work? b. Financing State and Local Government c. Who Pays for Education? 13. Comparative Political and Economic Systems a. Comparing Governments b. Comparing Economic Systems c. A Small, Small, World?
Karl Marx and Friedrich Engels turned the world upside down.
Until the publication of their 1848 Communist Manifesto, much of the western world followed a course where individuals owned private property, business enterprises, and the profits that resulted from wise investments. Marx and Engels pointed out the uneven distribution of wealth in the capitalist world and predicted a worldwide popular uprising to distribute wealth evenly. Ever since, nations have wrestled with which direction to turn their economies.
Image from Capitalism Magazine (http://www.CapitalismMagazine.com). Used with permission.
Karl Marx, the 19th century father of communism, was outraged by the growing gap between rich and poor. He saw capitalism as an outmoded economic system that exploited workers, which would eventually rise against the rich because the poor were so unfairly treated. Marx thought that the economic system of communism would replace capitalism. Communism is based on principles meant to correct the problems caused by capitalism.
The most important principle of communism is that no private ownership of property should be allowed. Marx believed that private ownership encouraged greed and motivated people to knock out the competition, no matter what the consequences. Property should be shared, and the people should ultimately control the economy. The government should exercise the control in the name of the people, at least in the transition between capitalism and communism. The goals are to eliminate the gap between the rich and poor and bring about economic equality.
Socialism, like communism, calls for putting the major means of production in the hands of the people, either directly or through the government. Socialism also believes that wealth and income should be shared more equally among people. Socialists differ from communists in that they do not believe that the workers will overthrow capitalists suddenly and violently. Nor do they believe that all private property should be eliminated. Their main goal is to narrow, not totally eliminate, the gap between the rich and the poor. The government, they say, has a responsibility to redistribute wealth to make society more fair and just.
There is no purely capitalist or communist economy in the world today. The capitalist United States has a Social Security system and a government-owned postal service. Communist China now allows its citizens to keep some of the profits they earn. These categories are models designed to shed greater light on differing economic systems.
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Comparing Economic Systems [ushistory.org]
- PolitiFact: Asking people to voluntarily lower their energy consumption is not communism - Buffalo News - July 28th, 2026 [July 28th, 2026]
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- Trump Claims Communism Is 'Greatest Threat to Our Country in History' - Yahoo - July 28th, 2026 [July 28th, 2026]
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- Trump Condemns Communism as Cancer at U.S. 250th Anniversary - - July 6th, 2026 [July 6th, 2026]
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- Trump marks Americas 250th with Mount Rushmore speech warning of communism threat - eciks.org - July 6th, 2026 [July 6th, 2026]
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- Enemies Within: The Threat of Communism to America - The Washington Stand - July 1st, 2026 [July 1st, 2026]
- Communism is greatest threat to the U.S., Trump says - Spectrum News - June 28th, 2026 [June 28th, 2026]
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- Trump says communism is the past and freedom is the future - Sky News Australia - June 28th, 2026 [June 28th, 2026]
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- DW News. . Albania is witnessing its largest wave of protests since the fall of communism in 1991. What began as outrage over a controversial Trump... - June 17th, 2026 [June 17th, 2026]
- Communism tried and found lethal | WORLD - wng.org - June 17th, 2026 [June 17th, 2026]
- The anti-communism movie quote that spells doom for the Democrats in the midterms - Fox News - June 12th, 2026 [June 12th, 2026]
- Are we heading for communism after the budget? The Teles editor thinks the needle is moving | Weekly Beast - The Guardian - June 12th, 2026 [June 12th, 2026]
- We'll see if communism outlives Dalai Lama or the other way around: Head of Tibetan govt-in-exile - The Hindu - June 12th, 2026 [June 12th, 2026]
- Lea Ypi supports the protests for Rama's removal: I haven't seen such civic activism since the fall of communism. Unlike the opposition, they resist... - June 12th, 2026 [June 12th, 2026]
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- Paul Anka recounts the dark and bleak life under communism as he argued for USAs freedom - Fox News - June 3rd, 2026 [June 3rd, 2026]
- The 1953 Coup in Iran: About Oil or Communism? - The London School of Economics and Political Science - June 3rd, 2026 [June 3rd, 2026]
- Gramsci and the Struggle for Democratic Communism book review - Counterfire - May 27th, 2026 [May 27th, 2026]
- He fled communism. Now this California mayor is honoring Charlie Kirk and refusing to back down - Fox News - May 11th, 2026 [May 11th, 2026]
- Elida Dakoli elected member of the Board of the Victims of Communism Memorial Foundation in Washington - cna.al - May 11th, 2026 [May 11th, 2026]
- What does Berlin fear? Soviet symbols banned again ahead of 9 May anniversary! - In Defense of Communism - May 11th, 2026 [May 11th, 2026]
- The Role of Communism and Fascism in the Spanish Civil War - Britannica - May 11th, 2026 [May 11th, 2026]
- B.I includes former President Syngman Rhee's voice in new song, featuring "anti-communism" sparking debate between "ignorant... - May 11th, 2026 [May 11th, 2026]
- OPINION: Is Canada cooked? Canada headed toward communism and youth should get out, constitutional expert says. - FarmersForum.com - May 11th, 2026 [May 11th, 2026]
- Youve Been Brainwashed to Hate Communism - fordhamobserver.com - May 1st, 2026 [May 1st, 2026]
- They Defined Communism as Economics So You Wouldnt Notice Them Building the Politics - thetechpencil.com - May 1st, 2026 [May 1st, 2026]
- Chinese Liaison Officer Tsultrim Gyatso Attends 19th Annual Roll Call of Nations Wreath Laying Ceremony by Victims of Communism Memorial Foundation -... - May 1st, 2026 [May 1st, 2026]
- Red Dawn Over China: How Communism Conquered A Quarter Of Humanity - Hoover Institution - April 29th, 2026 [April 29th, 2026]
- Abandoning Marxs Asiatic Mode of Production was a Fatal Mistake of Indian Communism! - Countercurrents - April 29th, 2026 [April 29th, 2026]
- Book Review: Decoding the opium called communism - Organiser - April 29th, 2026 [April 29th, 2026]
- Florida communism classes will get new update later this year - WKMG - April 23rd, 2026 [April 23rd, 2026]
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- Vietnamese refugees will be left off Victims of Communism memorial: documents - unpublished.ca - April 10th, 2026 [April 10th, 2026]
- Zohran Mamdani accused of pushing race communism in New York City - Sky News Australia - April 10th, 2026 [April 10th, 2026]
- Exploring the Asian conflicts and campaign against communism - Ferntree Gully Star Mail - April 10th, 2026 [April 10th, 2026]