Hi there, i have annotated bib about argument essay, and now i need the final essay based on this paper.should be 3-4 pages, MLA formatNeed it on Monday 10am New York time.
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Running head:ANNOTATED BIBLIOGRAPHY1
IS CAPITALISM BETTER THAN COMMUINISM?
1. Friedman, Milton. Capitalism and Freedom. Ch. 1: relationship between economic
freedom and political freedom. Chicago: university of Chicago press, 1962, p 7-17
Milton Friedman was a renowned economist of the twentieth century. He shows that
Capitalist nation have more political freedom compared to Communist nations in his book
Capitalism and freedom. He maintains that capitalist nations have flexible and efficient
economies which is driven by the high end competitions. This leads to improved productions
and service delivery, these according to Milton Friedman leads to the attainment of financial
Through his philosophy Friedman demonstrated that capitalism was better than communism
which was characterised by its rigid nature and less political freedom.
2. Li, KuiWai. Redefining Capitalism in Global Economic Development.
Li, KiuWai in his book Redefining Capitalism in Global Economic Development explores
how maintaining of capitalism in Asian nations can be vital in saving their economies. He
explains how capitalism promote hard work and consequently leads to acountrys economic
growth. Communism is based on making all the people in a nation equal and sometimes is
disadvantageous to the economy since some of the people may not play their part in doing
their share of the work.
3. Sandle, Mark. Communism. Taylor and Francis, 2014.
They explains how communism spread very fast after the Second World War to nearly half of
the world until mid-1970s. Communism growth was tremendous as it tried to overturn
capitalism and to replace it with a better environment which would be more co-operative,
equal and just. Mark Sandle later portrays the fall of communism as a political power, he tries
to dig deeper and compare it with Capitalism which remained firm. This depicts the
superiority of Capitalism over communism.
4. Fulcher James, Capitalism. Oxford University Press (2004): 1-4, 14-18,38-44, 57. 20
This shows how all the money invested in Capitalism has one main purpose, to make profit
out of it. It promotes hard work as it is mainly focused on individualistic approach. It
promotes monopolies in a business which leads to achievement of high profits as opposed to
capitalism which discourages monopoly and encourages sharing of national resources among
all. It is opposed to the development of different social classes and tries to create a more
balance social and economic class.
In capitalism the gap between the rich and the poor is wider but this
5. Chrystia Freeland. Russias Wild Ride from Communism to Capitalism.2000.
Freeland wrote about the transformation of Russia in the 1990s from Communism to
Capitalism. This was a radical move that left the left civil servant go without pay for months.
It gave rise to individuals who exploited the resources and brought development into the new
Russia. Freeland displays how Capitalism was deemed as good for development and that is
why is why Russia had to take the radical step of moving from Communism to Capitalism.
Chrystia Freeland. Russias Wild Ride from Communism to Capitalism. 2000.
Friedman, Milton. Capitalism and Freedom. Ch. 1: relationship between economic freedom
and political freedom. Chicago: university of Chicago press, 1962, p 7-17
Fulcher James, Capitalism. Oxford University Press (2004): 1-4, 14-18, 38-44, 57. 20 April
Li, KuiWai. Redefining Capitalism in Global Economic Development.
Sandle, Mark. Communism. Taylor and Francis, 2014.
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