Marxism is similar to socialism and shares the same basis where everyone shares everything, and the means of production and property are shared/owned by the workers. Marxism also demands a command economy, whereas capitalism is about a free market. With capitalism the business owners own the means of production and land, and they are the ones who profit off of their companies success.
Explanation:
Or: Marxism includes a command economy. Workers own the means of production. Workers own all property. Capitalism favors the free market. In capitalism, business owners receive most of the benefits of a company's success.
Capitalism is a way of thinking that said that as a whole, individual make better and more well-informed decisions than governments. And given a free choice, people will make good decisions on what they buy. These decisions ultimately reward businesses that provide the right products and services while dooming those that provide lousy services and products since these businesses compete against each. So under capitalism, it is individual choice that determines the winners and losers in the market, and on the whole, it's the winners (the good businesses) that stay around in the long term.
Marxism was a way of thinking that basically thought that capitalism ultimately resulted in businesses becoming increasingly larger and oppressive, and they would ultimately concentrate wealth to a fortunate few, who would essentially enslave all others. Ultimately, Marxism believes, that capitalism results in mass exploitation and oppression, and preached that the only way for all people to benefit was by violently overthrowing their capitalistic masters. Capitalism is a way of thinking that said that as a whole, individual make better and more well-informed decisions than governments. And given a free choice, people will make good decisions on what they buy. These decisions ultimately reward businesses that provide the right products and services while dooming those that provide lousy services and products since these businesses compete against each. So under capitalism, it is individual choice that determines the winners and losers in the market, and on the whole, it's the winners (the good businesses) that stay around in the long term.
Marxism was a way of thinking that basically thought that capitalism ultimately resulted in businesses becoming increasingly larger and oppressive, and they would ultimately concentrate wealth to a fortunate few, who would essentially enslave all others. Ultimately, Marxism believes, that capitalism results in mass exploitation and oppression, and preached that the only way for all people to benefit was by violently overthrowing their capitalistic masters.
