Economic Systems

However, with socialism and communism, the working class is most often sympathized with. Everyone watching everyone else’s back in a socialistic world is symbolized with the large desk and then the smaller and so on. Socialism places heavy emphasis on the necessity for government control of the economy whereas Marx envisioned a version of communism called for the evolution of one class system, common property, and no need for a government. Communism is the evolution of one class, common property holdings and holds no need for a working government. ction and wages and also provides social services. Capitalism is encouraging of fair competition and the highs and lows of the free market and communism eliminates any competition and gives complete ownership to the government. Capitalism and communism both emphasize the need for a fair and stable economy.

In the power point presentation, capitalism is represented with a picture of George Washington, as well as skyscrapers this represents the US as a capitalistic country and industrialization is often linked to capitalism. The construction worker on the communism slide is signifying the proletarians of which the communists are most closely concerned. The systems are also very different for example, Capitalism is an economic system where the government is confident in the decision-making skills of the individual where socialism relies on the government to override the economic decisions of the individual and provide control over the economy. Capitalism and socialism are similar because they are both looking out for the common interest of the people. The picture of people holding hands portrays that socialism aspires to achieve equality.