Capitalism, Socialism, and Communism Compared
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Mr. Beat explains the difference between capitalism, socialism, and communism. Karl Marx was the one who first articulated it, but boy is he misunderstood by many today. socialism capitalism communism
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Produced by Matt Beat. Music by Electric Needle Room. All images either by Matt Beat, found in the public domain, or used under fair use guidelines. Special thanks to the AP Archives for use of some their footage!
Marx, Karl. Capital. https://www.marxists.org/archive/marx/works/download/pdf/CapitalVolumeI.pdf
Rothbard, Murray: Making Economic Sense, 2nd edition. (Ludwig von Mises Institute, 2006, ISBN 9781610165907), p. 426
So it appears a lot of people have strong opinions about these three words. But there’s confusion about what they mean. These three words have also been weaponized. People often use these three words to attack and marginalize others. People misuse these three words. They conflate them with other words. For example, often people seamlessly interchange communism and totalitarianism, or capitalism and fascism, as if they mean the exact same thing.
Alright, let’s look up the definition of capitalism and put that up on the screen.
Capitalism: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
Ok, so let’s break this down. First of all, it says “economic system,” meaning a way resources get around and trade stuff. By private or corporate ownership…ok let’s just say private ownership of capital goods. Ok, what are capital goods? Goods used to make other goods. Alright…let’s go on. By investments…so basically folks trying to get rich that are determined by private decision, prices, production and distribution of goods determined by competition in a free market….ok let’s simplify that. Folks trying to get rich by competing with each other. Everything else is implied, isn’t it? If you are competing in a free market, there is no government stopping you when trying to make money. You are making decisions on prices, production, and distribution in order to make a profit, and you are competing with others for customers. This is capitalism.
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
procedure or practice in accordance with this theory. (Ok well we don’t have to go over this definition, do we?)
(in Marxist theory) the stage following capitalism in the transition of a society to communism,characterized by the imperfect implementation of collectivist principles.
So first, it’s a theory OR a system. Why is socialism considered a theory and capitalism not? Probably because it’s never been fully practiced. But it is another economic system. But instead of private or corporate ownership we are talking about the community as a whole as the owners. With capitalism, it’s about owning capital goods. But with socialism, it’s about owning the production, distribution, land, everything…and everyone owns that. The community as a whole makes economic decisions, not the individual. Based on that definition, have we ever had that? No, not really, not since farming became a thing at least.
Now, that third definition is the historical definition of socialism, and often leads to even more confusion about what socialism actually means. Marxist theory? Yeah, socialism, even though it had origins throughout human history, was first articulated by two dudes named Karl Marx and . Get it? MARXist because it was named after him? To this day, Engels is still mad it’s called Marxism and not Engelism, by the way. Anyway, the two criticized capitalism and said it would eventually be overthrown by a new economic system, aka socialism, and eventually communism. Socialism was just a transition from capitalism to communism. Marx and Engels said socialism would consist of everybody owning the means of production, and that the workers would control and manage it.
The Russian Region Where Communism Still Prevails
One Eyed Media (June 1996)
The green farmland of Oryol has been dubbed Russia’s red belt.
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Home to Communist leader, Gennady Zyuganov, and a giant statue of Lenin, the region breeds Communist diehards anxious to ward off the economic deprivations of democracy. Outside the red belt, the party is vulnerable. This report examines the negative coverage given to the Communists by the media. At Moscow’s TV station, rows of screens show Yeltsin vigorous in the midst of his campaign. Ksenia Ponomayova, the executive producer of news Programme Vremya, confirms that communism is bad for the media and admits to helping Yeltsin. Her partner Nikita Golovanov publishes the antiZyuganov propaganda sheet ‘God Forbid’ where graphical wizardry transforms Zyuganov into a lizard with a flickering tongue. Communist party organiser, Gregori Rebrov denounces the publication as ‘delirious’.
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Produced by ABC Australia Ref 0233
Distributed by Journeyman Pictures
Communist Professor Defends Stalin & Mao’s Legacy – Heated Debate
Patrick BetDavid sits down with professor Asatar Bair, a selfdescribed communist. In this interview they talk about Communism vs Capitalism, how he grew up and his political views. Let Dr. Bair know your thoughts on the interview here: https://bit.ly/3mtBxoy
Jefferson Descendant Loses His Mind Calls PBD a “fckin asshle”: https://youtu.be/6dZ87PlCd6Y
Heated Debate On Capitalism with America’s Most Prominent Marxist Economist Richard Wolff: https://youtu.be/wjzFgxCUnY
Asatar Bair is a professor of economics and statistics at the City College of San Francisco. His research interests include the economics of crime and punishment, class theory, monetary economics, international trade, and economic philosophy and methodology.
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Communist Country National Anthems Compilation
00:00 Soviet Union
3:30 Democratic Republic of Afghanistan
4:30 People’s Socialist Republic of Albania
5:39 Angola People’s Republic
7:34 Benin People’s Republic
8:47 Bulgaria People’s Republic
12:34 People’s Republic of China
13:23 Republic of Cuba
14:16 People’s Republic of the Congo
15:06 Czechoslovak Socialist Republic
16:46 People’s Democratic Republic of Ethiopia
17:55 German Democratic Republic
20:41 People’s Revolutionary Government Grenada
21:43 Hungarian People’s Republic
23:18 Democratic Kampuchea
25:48 People’s Republic of Kampuchea
26:57 Democratic People’s Republic of Korea
29:29 Lao People’s Democratic Republic
30:52 Mongolian People’s Republic
32:47 People’s Republic of Mozambique
33:27 Polish People’s Republic
34:17 Socialist Republic of Romania
37:33 Somali Democratic Republic
38:09 Tuvan People’s Republic
40:48 Socialist Republic of Vietnam
42:28 People’s Democratic Republic of Yemen
43:18 Socialist Federal Republic of Yugoslavia
Rise of the Communism | 1905-1961 | Documentary on the History of Communism and the Soviet Union
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This Oscar nominated documentary film is a brief summary on the history of Communism, from its origins with Marx to the Berlin Wall, built in 1961.
About the Communism:
In political and social sciences, communism is a social, political, and economic ideology and movement whose ultimate goal is the establishment of the communist society, which is a socioeconomic order structured upon the common ownership of the means of production and the absence of social classes, money, and the state.
Communism includes a variety of schools of thought, including Marxism and the political ideologies grouped around it. All these hold in common the analysis that the current order of society stems from its economic system, capitalism, that in this system, there are two major social classes: the working class – who make up a majority of society – and the capitalist class – a minority who derive profit from employing the proletariat, through private ownership of the means of production, and that political, social and economic conflict between these two classes will trigger a fundamental change in the economic system, and by extension a wideranging transformation of society. The primary element which will enable this transformation, according to this analysis, is the social ownership of the means of production.
About the Soviet Union:
The Union of Soviet Socialist Republics (Russian: Сою́з Сове́тских Социалисти́ческих Респу́блик) abbreviated to USSR (Russian: СССР) or shortened to the Soviet Union (Russian: Сове́тский Сою́з), was a Marxist–Leninist state on the Eurasian continent that existed between 1922 and 1991. A union of multiple subnational Soviet republics, its government and economy were highly centralized. The Soviet Union was a oneparty state, governed by the Communist Party with Moscow as its capital.
Rise of the Communism | 19051961 | Documentary on the History of Communism and the Soviet Union
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