Is it true that is Capitalism, there's a lot to buy, but nobody has any money and in Communism everyone has money but there's nothing to buy?

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  • 6 months ago

    Virtually everyone in a capitalist society has money (just differing amounts).

    In a purely communist society, there is no currency. Goods are simply delivered to citizens, who only take (in theory) the bare minimum to meet their needs.

  • Zirp
    Lv 7
    6 months ago

    No. In actual "work according to ability, receive according to need" communism (which has never been achieved on a large scale), money and barter can be abolished.

    We don't have money because of capitalism, but because of Fractional Reserve Banking, banks creating trillions of dollars as CREDIT aka DEBT.

  • 6 months ago

    No. In communism the only people with money are the people running the government. Since everyone works for the government there is no way for everyone to have money. How can everyone have money when nothing is being produced?

  • 6 months ago

    No. Communism tends to make everybody equally poor, not equally rich - because why would people excel and work hard and get advanced educations if there is no reward for it? Communism rewards the lazy and the stupid and punishes the successful and intelligent. And, our citizens on welfare have a higher standard of living than 90% of the people in the world.

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  • 6 months ago

    That's cute and clever sounding, but no, it's not true.

    Capitalism has raised living standards dramatically since it's introduction. Before capitalism economic historians using proxy data has estimated that 99% of humanity throughout history lived on the modern equivalent of $2-$3 a day. In other words, crushing, subsistence level poverty. The kind of poverty where you and your entire family work all day every day just to survive, forget savings or recreation.

    The people who criticize Capitalism don't realize it, but that's what they're criticizing. A system that ended that hell.

    Capitalism does this by creating incentives for being productive. This causes productivity and efficiency to rise to the point that there is enough goods and services supply that prices are driven down. Things that were luxuries that only royals and aristocrats could afford instead are now everyday items.

    As to the second half of your statement, you are, first and foremost misusing the term Communism. Communism is a stateless, moneyless arrangement so the entire statement simply doesn't work.

    What you probably mean is Socialism. This is what the USSR, Maoist China, Pol Pot's Cambodia, Castro's Cuba, and North Korea ran/run. This gets confused because these people implemented socialism for the purposes of SOME DAY going communist as Marx predicted would happen. No one could figure out how to make Communism work. But they CALLED THEMSELVES Communists because that was their aspiration. Nonetheless, socialism was what they actually implemented which is government ownership and planning of the economy.

    • Walter B
      Lv 7
      6 months agoReport

      Your definition of socialism is inaccurate but the rest of your answer is good. I gave you a "thumbs up"

  • ?
    Lv 6
    6 months ago

    Its my understanding that communism is like living in a vacation from hell, all inclusive resort . There is nothing to buy because you don't NEED anything, far as they dictate to you. Communists are those fat women with bad haircuts, dress like bums but, they're college professors. Their only actual need is power.

  • Anonymous
    6 months ago

    No. How does a system remain viable if one of the basic elements is missing. Why would producers continue producing only to stockpile their goods and where would the money come from to continue the means of production?

  • 6 months ago

    In Capitalism people often have much more money than their complaints would suggest as they walk around with $1500 iPhones talking about being "poor".

    In Communism there is no money, there are no products, and life is stifling.

    πŸ˜‚ 😘 πŸ‘Œ Lolz

  • 6 months ago

    no... capitalism is an engine designed to provide a power source for people to build businesses, industries, careers and personal wealth...

    ....communism is an engine designed to power itself....

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