China has got an open communist policy which has no belief in God, rules in a high handed fashion and has
no concern for the humanitarian spirit of the world. Write an article in 100-150 words highlighting the cons of
the communist regime.
Answers
Answer:
Disadvantages of Communism
The economic and political system of Communism effectively dictates what can and cannot be done in the realm of business. There are defined limitations for the amount a business can produce and how much money it can earn.
In addition to directly controlling the means of production, Communism places strict rules as to how businesses operate in such a way that a classless society is born. No matter what field a business specializes in, the same amount of funds will be allocated to each, and each worker will receive the same amount of money. This can cause emotional unrest between workers who wish to be specially recognized for their work. It can serve to create uncomfortable conditions for workers in a society without rank or varying specialty. Finally, it can be stifling to entrepreneurial spirit, which is key to a country’s economic growth and development. The U.S., a capitalistic nation, has greatly benefited from that small business and entrepreneurial atmosphere, a backdrop for the American dream.
In a Communist system, the central authority dictates the means and quantity of production, and places strict rules on businesses.
Since there is no competition amongst firms, each is given the same amount of money and each worker is paid the same, with the same expectations of each.
All businesses are ultimately owned by the government.
Populations tend to be treated homogeneously, meaning that common goals or sets of rules will not apply to different segments of the population and community.
Without a price mechanism, supply and demand are difficult to balance perfectly over time.
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