Not to be rude, but how is this a serious question? The jury is out on this one folks--there is not a single successful nation in the world today that follows the communist model. Cuba is isolated, riddled with poverty, and is totalitarian. China is also poor (GDP PPP 9,146, 91st in the world) and totalitarian. The only reason the Chinese Communist Party is still in power is because they opened up their economy (capitalism). Otherwise they would have gone the way of the greatest Communist power the world has ever seen--the U.S.S.R. The freest, wealthiest, healthiest, and most powerful nations in the world are all economically capitalistic.
The greatest advances in human innovation did not take place until the advent of capitalism. Nearly all of the scientific advancements that we take for granted, cheap electricity, modern medicine, computers, etc. are the result of the free exchange and competition between free individuals. Oh and lets look at that little nugget--freedom. Is anyone seriously considering that communism allows for more personal freedom? Please.
One last point--lets look at the body bags attributed to communist governments vs. capitalistic governments. U.S.S.R--10-11million of its own citizens prior to WWII. China--18-45 million during the Great Leap Forward. U.S.A., Japan, Australia--????? There is no record of mass killings of citizens perpetuated by their capitalist government.
Is capitalism "perfect," of course not. No economic system is without flaws because an economy, lets remember, is people and people are imperfect. Any attempt to make a perfect system smacks of utopianism, which of course communism is.
Eric, you limited a well-thought out analysis to a severely limited question. (BTW, did you mean to say the jury is in? And has a verdict?)
There have been, and are, economies more cooperative than American capitalism. The 1910 book Mutual Aid provides a long history of cooperative economies.
Yeah, many utopias have been tyrannical, and a democracy is a constant struggle against tyranny, oligarchy, etc.
Freedom and fundamental rights have to be guaranteed, that means the state make the justiciable. This is the beginning of the socialism, we have to look into the causes. and the weaknesses of the movement. It is the empowerment of he people who must control every aspect of the society and their associations at all levels become the decisive factor in governing. That means when the people are sovereign and the masters of their destiny. All major decisions are taken by the people at all the levels, and the well being of the people is guaranteed.
Well,you done a broad definition.I want it in abridge.
Under communism, the phasing out of the state is supposed to happen over time. It is supposed to transition to socialism first, either through democratic means or a people's struggle, and then eventually to communism. I think socialism is a permanent workable alternative personally. I'm personally more suspicious of capitalists than communists.
BIG ERROR, JOSEPH -- you are limiting yourself to a choice between American capitalism and Soviet Union communism. The young man who started this discussion made the same big error.
School history courses here in America don't tell students that American capitalism is good for people who have no conscience. Bernie Madoff did well for a while but he's in prison for life. The people on Wall Street who gave us the 2008/2009 economic crash should be in prison and some of them might soon be there. Other sociopaths / psychopaths are about two percent of the people you might meet on a typical day; they are about 25% of the prison population.
School history courses in the Soviet Union didn't tell students how Josef Stalin got rid of the millions of small privately-owned farms before World War Two. He took the crops they'd raised and sent them to people elsewhere. I understand that between twenty and thirty million starved to death.
AGAIN, by limiting yourself to the two economic systems named by the ininformed young man who started this discussion, you're ignoring what millions of people here in the US of A, and many millions of people elsewhere in the world are doing. To learn more, google "employee ownership".
OK G, now find a diagram of a fair, just, functioning government.
In that diagram, I would rather go with anarchy than others.
And where do you get that anarchy is fair, just or functioning?
I have got that point because in my country, we need anarchism. Politicians are corrupted, everything is corrupted.
And that didn't come close to answering my question.