Hi, need to submit a 1500 words essay on the topic Communism vs Capitalism.In the monarchical form of government, the sole ruler has absolute power, but does not limit the wealth that individuals in s

Hi, need to submit a 1500 words essay on the topic Communism vs Capitalism.

In the monarchical form of government, the sole ruler has absolute power, but does not limit the wealth that individuals in society can amass. The same goes for oligarchy and democracy, where there is no common ownership of society’s means of production. These forms of government permit individuals to undertake a certain economic activity, and they privately own the resources they amass from these productive activities, with the only provision being that individuals must dedicate a certain share of their income to the state or the ruling authority (Aubrey, 210). In contrast with this capitalistic social order, Plato stages a debate regarding a communist social order in his philosophical work, The Republic. Plato argues against the notion that the guardian classes of the ideal city can live without private property. He criticizes the arguments of philosophers such as Socrates who assert that limitations should be put on the amount of private property the guardian classes, who constituted the lowest classes in Greek city state society, can own. However, this limitation does not extend to the ruling class and, therefore, the leadership structure is not altered in any way by this form of social ownership of property. Therefore, communism can function in all the three common types of government. democracy, oligarchy, and monarchy. In addition, Socrates goes further and proposes the abolition of private families, which Plato opposes.