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No I don't believe so. Inequality is a metric that you can apply to any system. A communist system could have high inequality if it rewarded some skills with a
by jemmyw 3y ago
No I don't believe so. Inequality is a metric that you can apply to any system. A communist system could have high inequality if it rewarded some skills with a big imbalance. Capitalism as an economic system doesn't really say much about the political system other than that you have the freedom to invest private capital. That could be under a democracy or a dictatorship of various kinds, it's just easier with additional freedoms. Further, capitalism is only saying that all or some of your economy is free from central planning, it doesn't say that your profits from capital are free from being taxed to distribute wealth, and it doesn't say that you are free from regulation that might do various things to improve equality, including wage laws.
Some of the things in our system are specifically unequal and anti capitalist. For example, classes of investor: you need a certain level of income to make some investments.
- stephenitis 3y agoSimilar but not same. equality focuses on providing equal opportunities and resources to everyone, communism is a broader ideology that seeks to restructure society’s economic and political systems to eliminate classes and ensure that resources are distributed based on need, not wealth or status.