Tuesday, 16 April 2013

Pros and Cons of different superpower governments


COMMUNIST GOVERNMENT:
The pros of being in a communist government is that everyone is treated equally. The entire population is employed and hence, the economy is good. There are very little crimes in the country since the laws are very strict.
The cons of a communist government is that there is no personal property and everything belongs to the government. The people have no rights or freedom and all the laws are enforced on the people without their consent.
example: China

CAPITALIST GOVERNMENT:
There is free market which provides individuals with a wide range of opportunities to achieve economic growth. Since capitalism favors decentralized economy, the individuals have more competition and the entrepreneurs who do better are the winners. Capitalism gives rise to an economy where the consumers regulate the market which results in formation of wide variety of products and a range of services.

The cons of capitalism is that it can give a raise to an unfair competition amongst people leading to unfair distribution of wealth. It is also business centralized which can lead to harm the environment as the market is on the rise. The unemployment rate is also high in capitalist countries.
example: The United States

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