i think the best description of communism vs capitalism is :
in communism relationships count more than money. in capitalism is opposite.
As money is in a way store of value, capitalims stores value of relationship. As money is given to someone else, this creates (buys) new relationship. Effectively money allows transplant of relationships. This is good as allows more money to be made. It is bad as relationships are weaker.
So individual happiness (on avearage) should be higher in communism but people have more assets to show in capitalism.
i guess different people different preferences...
in communism relationships count more than money. in capitalism is opposite.
As money is in a way store of value, capitalims stores value of relationship. As money is given to someone else, this creates (buys) new relationship. Effectively money allows transplant of relationships. This is good as allows more money to be made. It is bad as relationships are weaker.
So individual happiness (on avearage) should be higher in communism but people have more assets to show in capitalism.
i guess different people different preferences...