Marx, in distinguishing the differences between Marxism and Capitalism explained that capitalism is not even successful on its own terms of constantly generating economic growth. Capitalism is faced with insoluble contradictions which periodically plunge it into crisis. Marx went on to tell us that since capitalism is inherently evil and can never be fixed, it must be completely transformed to a classless society with economic equality and social conformity. Marx explained the total proceeds of labor, or the Gross National Product, should be shared fairly with all whether working or not. The dictatorship of the proletariat will use its political power to wrest, by degrees, all control of capital from the capitalist and centralize all elements of production in the hands of the state. Marx acknowledged that initially it would take despotic means to accomplish this end.
Marx and D’Amato summarize that Marxism is the process of ending the private ownership of productive property and centralizing that ownership or control. The proceeds will not be distributed on the basis of ownership, production or some other form of merit, but on the needs of the individuals with needs being defined by the Marxists in this classless society. We further learn and understand that this concept of classless applies to all aspects of society. Once we are freed from the evils of Capitalism we will conform to the needs of the common good and not the evil and selfish wants of the individual so as to exploit others.
To define Capitalism I am going to use the words of economist Milton Freedman who said this, "Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion ... The other is voluntary co-operation of individuals. Formal economic systems (communism, feudalism, etc.) are defined by some form of coercion in order to direct production and to impose answers upon society; the definition of capitalism, the informal system, is the absence of coercion.”
A more encyclopedic definition of capitalism would be of an informal economic system in which property is largely privately owned, and in which profit provides incentive for capital investment and the employment of labor. Capitalism is also the philosophy that the government's role in the economy should be strictly limited and that the forces of supply and demand in a free market, while imperfect, are the most efficient means of providing for the general well-being of humankind.
Comparing the definitions of these two competing philosophies, we find they are opposites. Marxism calls for all productive property or ownership thereof to be centralized while Capitalism calls for ownership to be diversified and owned by individuals. The Capitalist says the competitive forces of the market place should control commerce while the Marxist says this creates excesses which create undue hardship and therefore commerce must be centrally controlled. Capitalism calls for individuals to make decisions pertaining to all aspects of their lives or what is referred to as individualism, while the Marxist says the decisions are to be first and foremost made for the good of the community and secondarily for the individual. George Hegel, philosophical mentor for Marx and thus for Marxism, said absolute freedom is when all individual decisions are made in absolute conformity to the universal dictates of the state.
History has shown Marxism can only be obtained through a totalitarian state while capitalism thrives in a free and democratic form or government. Americans, we are at a crossroads. The Marxist/Progressives want to take us down the road of proven failure while Freedom Loving Americans are trying to restore a free and capitalistic society. Without an interested, informed and involved public, we will continue down the path toward a totalitarian state.