Capitalism Vs Communism

Adam Smith wrote a book called ‘The wealth of nations’ in 1976, while Karl Marx wrote a book called ‘the communist manifesto’ in 1848. In these books is where the ideologies of capitalism and communism can be seen broken down. The main ideas in capitalism are competition between companies, the ability to become an entrepreneur and the idea that the skill needed for your job is in positive correlation to your wage. The main ideas in communism are that businesses are own by the everyone that works for them and that the wealth is distributed equally among all people whatever their job. All the companies would work together for the good of the people. If there was a demand in a business, such as doughnuts, the government would open a doughnut shop.