HI Jithesh,
You said, �Communism has met its crucial end. The whole world has disposed it off into the Trash bin years ago.� IT IS A WRONG STATEMENT because, we consider India is a democratic country and its democratic Values are demolishing by Religiously fanatic political parties and people are supporting them (they are Trying to Make a Hindu Country) and people again electing them, DOES IT REALLY MEAN THAT DEMOCRACY IS FAILURE AND STABLE ONE IS RELIGIOUS FUNDAMENTALISTS ARE RIGHT??�
Yes I am Agreeing With your Statement �the laborers or the working class had much better privileges� this privilege are only in Capitalist developed country�s only and it�s a side
Effects of the industrial revolutions (and industrial revolution are happened in this countries only)
Some of the positive side�s people pointing out about capitalism
1. in Capitalist country competition will be there and the results good production �
You know, In the time of 1st and 2nd world war enormous development had happened in all fields
Of technology (roads, communication, aircraft, nuclear) than ever before in the history to kill their enemy CAN WE SAY ATMOSPHERE OF WAR IS GOOD FOR DEVELOPMENT?? Classless society is an excellent Idea
And I am also agreeing some of the Advantages of Capitalist systems Comparing to Disadvantages it is Negligible.
Disadvantages.
1.) Distorted investment priorities, as wealth gets directed into what will earn the largest profit and not into what most people really need (so public health, public education, and even dikes for periodically swollen rivers receive little attention);
2.) Worsening exploitation of workers, since the harder, faster, and longer people work - just as the less they get paid - the more profit is earned by their employer (with this incentive and driven by the competition, employers are forever finding new ways to intensify exploitation);
3.)Growing unemployment (machines and raw materials are available, but using them to satisfy the needs of the people who don�t have the money to pay for what could be made would not generate profits for those who own the machines and raw materials � and in a market economy profits are what matters);
3.) Growing social and economic inequality (the rich get richer and everyone else gets poorer, many absolutely and the rest in relation to the rapidly growing wealth of the rich);
4.)Those with the most money also begin to exercise a disproportionate political influence, which they use to help themselves make still more money
5.) With such a gap between the rich and the poor, egalitarian social relations become impossible (people with a lot of money begin to think of themselves as a better kind of human being and to view the poor with contempt, while the poor feel a mixture of hatred, envy and queasy respect for the rich);
So many disadvantages can list out
You told �Classless society is an excellent Idea� It�s a socialist concept Communism Is a Higher form of socialism
If you are really interested in study of social science don�t study from peripherally , I am not saying that communism is ultimate solution for all Problems. Some times people like you
Can put forward other solution
Best of luck
With love smith
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-Smith , Dubai,