7 huge misconceptions about communism and capitalism)

1. Only communist economies rely on state violence.

Obviously, no private equity baron worth his weight in leveraged buyouts will ever part willingly with his fortune, and any attempt to achieve economic justice (like taxation) will encounter stiff opposition from the ownership class. But state violence (like taxation) is inherent in every set of property rights a government can conceivably adopt – including those that allowed the aforementioned hypothetical baron to amass said fortune.....more


2. Capitalist economies are based on free exchange.
The mirror-image of the “oppressive communism” myth is the “liberatory capitalism” one. The idea that we’re all going around making free choices all the time in an abundant market where everyone’s needs get met is patently belied by the lived experience of hundreds of millions of people. Most find ourselves constantly stuck between competing pressures and therefore stressed out, exhausted, lonely, and in search of meaning. — as though we’re not in control of our lives.
We aren’t; the market is.


more: http://www.salon.com/2014/02/02/why_youre_wrong_about_communism_7_huge_misconceptions_about_it_and_capitalism/



I would like to add that mass exterminations of populations occured in Africa and North and South America through capitalist imperialism.