What is capitalism in the Cold War?

What is capitalism in the Cold War?

In a capitalist state, the economy is largely free from state control, while the government is democratically elected and freedom of speech is cherished. In contrast, a communist state is administered from the centre, with control of the economy and society strictly in the hands of the Communist Party-led government.

Who were the capitalists in the Cold War?

The Western Bloc, also known as the Free Bloc, Capitalist Bloc and the American Bloc, was a coalition of the countries that were allied with the United States and its ideology (liberalism), a member of NATO, opposed the Soviet Union and Warsaw Pact, and Anti-Communism during the Cold War 1947-1991.

Was the cold war between communism and capitalism?

The Cold War, a global geopolitical and ideological struggle between (western) capitalist and (eastern) communist countries, fueled a generations-long, multifaceted rivalry between the remaining superpowers of the postwar world: the United States and the Union of Soviet Socialist Republics (USSR).

Why did the USSR fear capitalism?

We have all heard of the Red Scare, the fear of communism in the USA, but was there a “Blue Scare” (fear of capitalism) in the Soviet Union? It was the communist ideas that were feared, because they could spread via the political system.

Did communism start the Cold War?

Cold War Concerns About Communism Following World War II (1939-45), the democratic United States and the communist Soviet Union became engaged in a series of largely political and economic clashes known as the Cold War.

Is communism the same as capitalism?

Capitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system in which country’s trade and industry are controlled by the community and the share of each individual relies on his ability and needs.