Marxism is better than capitalism

That is so true that Marx was inspired by Adam Smith in making his theories. In fact to achieve Communism is to pass the capitalism state From what I understand, Cons"s arguments basically consist on these 3 things 1.No democracy under Marxism In fact, I would rather say that there is no democracy in capitalism. Capitalism creates very large concentrations of money and property at the hands of a relatively small minority of the global human population. leading, to very large, and increasing, wealth and income inequalities between the elite and the majority of the population. As con have said, the main tools for a peorson to vote is by using their dollars. And who is owning these dollars? Well, according to statistic : "In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 42.7%, the next 19% of Americans owning 50.3%, and the bottom 80% owning 7%" Source : https://en.wikipedia.org... What kind of democracy there be when the production of goods are being driven with this top 1%? Kindly note that from the data above, the 80% of population only can vote on their 7% of wealth to show what they really need. The dollars fail to show the real demand of majority. Take example on medication case in Amerca where it is demanded and nearly half americans can not get a proper medication. This people can not tell those big corporations to switch their production on beauty products into hospital and more doctors. This is simple, because the accumulated capital is not in the possesion of most people. the capital is owned by the 1%. Source: http://www.cnsnews.com... My question is simple, How can capitalism solve the problem where demand is high but the production is low, makes the price go higher while this demand is very important to be fullfilled? This is ladies and gentlement the real undemocratic things which cons afraid of. A few elite to control the whole society. 2.Over supplied will not always cause the market price to go down. in the capitalist economy, commodities are produced for profit. This so-called profit motive, the core of the capitalist economy, creates a dynamic whereby an abundance of commodities has negative consequences. In essence, an abundance of commodities disrupts the conditions for the creation of profit. They will burn the excess of production to sustain the profit. Or even worse, they will lay off their employee to reduce production. A reduction in employment, in turn, reduces consumption. As overproduction is the excess of production above consumption, this reduction in consumption worsens the problem. This creates a "feed-back loop" or "vicious cycle". And actually this also happened to US market pricing in 2008. Where the house prices are kept declining and people lost their job. The new equilibrium was never met, yet the housing price kept declining because simply no one has the money. And people still can not buy the house. 3 How Marxism will create a fair justice of competition is simple. By giving the same education quality of everybody (No school fee anymore), very cheap medication, Very cheap healthy food, And affordable housing. From Con's data above, we could see that all those people who have great mind comes from middle class or even what you consider as poor. Can you imagine if we even support them in education, cheap medication and affordable housing? And how many of people which less brilliant than that could achieve higher level than where they are now. 4.Please note that Marxism only did not allow you to own all "factors of production" such as machinery to produce goods. Yes I do know that price is very critical, even more agree after the con has given us the illustration of price changing. This is why we need to ensure that the production of goods, needs to be discussed before they are produced. We need to discuss the price, where to produce, how many labours needed and everything. This method will minimize the risk of overproduction (wasted goods) or less production. The equilibrium price is determined before we produce the goods. How Marxism solve these problems are actually also my arguments in this round : 1.Marxism offers democracy. Marxism is actually a very democratic system where everyone should take vote on what to produce. Not only in chosing the given producst, but the products are made based on request. We do not need dollars as tools to vote. We just need your voice. We should hire more researcher and under this era when the technologies are advanced, people could ask the government what they actually need. Please note that under marxism, the highest rulers are people. The proletarians who owns majority voice. 2.No Monopoly. When firms have such power, they charge prices that are higher than can be justified based upon the costs of production, prices that are higher than they would be if the market was more competitive. With higher prices, consumers will demand less quantity, and hence the quantity produced and consumed will be lower than it would be under a more competitive market structure. The bottom line is that when companies have a monopoly, prices are too high and production is too low. There's an inefficient allocation of resources. However under marxism, we guarantee there will be no monopoly as the power has already been decentralized to people. People determine how many products they"re going to produce and also the market price.