What is the difference between communists and capitalists

Communism and Capitalism are both economic systems, with followers of Communism known as communists and followers of Capitalism known as capitalists.

Put simply, they are polar opposites. Communists want to nationalise all industry, with the economy operating under a system of common ownership which they believe leads to a classless society. In contrast, capitalists believe that it is the private ownership of industry that is most beneficial to society, as this encourages individuals to work hard so they can gain the maximum reward. In so doing, they would see the class system not as an evil - as communists do - but as an incentive for individuals to better themselves.

JO
Answered by James O. History tutor

6083 Views

See similar History A Level tutors

Related History A Level answers

All answers ▸

'From 1894 to 1914 the authority of the Tsardom remained essentially unchanged.'


How far do you agree that the Nazi Party was no more than a 'fringe irritant' in German politics in the years 1920-1929?


The Pilgrimage of Grace of 1536 was the most threatening Tudor rebellion due to its size. How far do you agree?


‘The development of nationalistic policies was primarily due to the ruling elite in Germany from 1789-1918’ Discuss (24 marks)


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning