Question

Generally, which ideology (communism or socialism) do you think has the strongest arguments and why? Discuss...

Generally, which ideology (communism or socialism) do you think has the strongest arguments and why? Discuss two reasons.

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Answer #1

Answer : According to my point of view communism is best than socialism. Because of following reasons:

(i) Income equity : In case of communism all are social products and everyone is the owner of product. There is no need to work extra because people can consume according to their needs. There does not exist rich and poor people. Here all are equal and the goal is same.

On the other hand, in case of socialism government is the owner of all products. There exists income inequality.People get wages on the basus of their work which they can spend according to their choice. As a result there exist rich and poor people in the economy.

(ii) Economic growth : In communism because of equity in people and equal goal the economy leads to higher growth.

Whereas, in socialism because of inequality in people economic growth level can not achieve the higher position.

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