People have widely differing beliefs about the relative merits of capitalism and communism, and most of the arguments focus on two subjects: people and money. Indeed, both capitalism and communism are philosophies that deal with the relationships between people and money, but they differ greatly in how they express the individual or collective right to money. It may be helpful to think of capitalism as a potentially "all for one" socioeconomic philosophy, while communism is a "one for all" approach. There are potentially positive and negative implications for both communism and capitalism. Let's consider some of the pros and cons of each. Some of the positive effects of true communism are equal pay for all, low unemployment rates, and equitable access to free healthcare and education. Sounds great, right? Well, true communism does have some drawbacks. For one, communist societies are highly controlled, which limits personal freedoms and creativity. In a communis...