Capitalism: Flaws And Failure Of Communism

A Study on Communism The flaws and failures of capitalism have become evident over the course of the history of the world. No economic system has had as many grievous shortcomings as capitalism. One viable solution to the disease that is capitalism is the institution of communism. Communism offers solutions to the vast quandaries posed by capitalism, and would provide a brighter future for the ensuing generations. Capitalism is a highly flawed system. The gap between the rich and poor widens increasingly over time (Ikred). The rich become richer as the poor struggle to obtain even the most basic of necessities. The richest 20 percent of the global population owns 77 percent of all global income and 94.5 percent of all global wealth,

In opposition to the unequal working conditions of capitalism, communism views labour as a mean to promote the existence of the working class labourer, or proletariat. In a capitalist society, the bourgeoisie, or upper class, dominate society by making the common person dependent on those who own the means of production, the bourgeoisie. By making the masses dependent on the upper class, the bourgeoisie accrue massive amounts of wealth while starving their employees of proper, essential benefits, such as healthcare, or paid overtime. This results in a growing gap between the rich and poor and a shrinking middle class. Communism abolishes private property, which is to say, it places the means of production in the hands of the the whole of the proletariat, guaranteeing the rights of the worker, and ensuring that they aren’t exploited for their labour or skills. (Marx

This, however, is unequivocally false. Under the communist administration of Fidel Castro, Cuba vastly improved the standard of living for the Cuban people, including, but not limited to, literacy, health services, and education. The 1961 Literacy Campaign was a shining example of the brilliant triumphs of Castro as Prime Minister & President of Cuba. In 1959, a large quantity of the general population of Cuba was illiterate. The 1961 Literacy Campaign was an “inspired approach to improving education levels” (Ritter). It utilised large groups of highly motivated volunteers to educate the citizens. Due to the abundant use of volunteers, the cost of the program was incredibly low. This resulted in the expeditious increase of the literacy of the Cuban population.