2011年2月18日 星期五

Socialism & Capitalism


Socialism VS Capitalism
 Socialism
  • A kind of economic system
  • public ownership
  • self-management
  • equal power-relation
  • working class- the main supporter
  • exploitation of the middle classes
  • Nationalization of the means of production
  • Cooperative managment of the means of production
  • Allocation of resources
  • Free association
  • Direct production of use-value
  • Every person has the power of decision making
  • Late 18th century
Capitalism
  • A kind of economic system
  • privte ownership
  • private profit
  • private decision regarding supply, demand, price, distribution, and investments
  • Free market
  • laissez faire (no goverment intervention)
  • middle class- the main supporter
  • exploitation of the working class
  • most of the means of production are private own
  • no power of decision making for the working class
  • economic growth
  • right to control property
  • 16th century

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