all property controlled by government communism or capitalism
In both communism and capitalism, property can be controlled by the government to varying extents. However, the fundamental difference lies in the overall economic system and philosophy guiding the control and distribution of property.
In communism, all property is owned and controlled by the state or the collective, with no private ownership. This means that land, resources, industries, and other means of production are collectively owned and managed by the government on behalf of the people. In theory, communism aims for a classless society where wealth and resources are shared equally among all members of the community.
In contrast, capitalism is characterized by private ownership and control of property. While some property, such as public infrastructure or essential services, may be owned and managed by the government, the majority of property is privately owned. Capitalism promotes the freedom to accumulate wealth and property through individual efforts, entrepreneurship, and competition. Capitalist societies emphasize free markets, private property rights, and the belief in economic growth and individual self-interest.
It is important to note that there are also various shades and mixed systems in practice around the world, where elements of both capitalism and socialism or communism coexist.