Communism vs Capitalism: A Comparative Study in the Light of I-O Psychology

Psychology, Political Science, Economics

The purpose of this paper is to study the psychological factors operating in the industrial and organisational set up under the Capitalist and Communist political ideologies and also the reasons which have led to a more conducive environment under capitalist structure. To study the gap between economic developments under the communist and capitalist states, a comparative analysis is done between that of China and America. This study interprets the socio-political system borne industrial growth under the light of industrial psychology and discerns that the capitalist system has proved to be more fruitful and has maintained its original characteristics over time, despite the glorified nature of communism. It shows how the evolutionary nature of humans align with a moderately capitalist atmosphere, rather than with a socialist society. Therefore, what this finding suggests is that nations, in order to move forward with respect to industrial and organisational development, should focus more on capitalist agendas, rather than bland communist agendas, and make an attempt to design them as fairly as possible.

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