Communism implies that everything is the property of the State while capitalism entails that the State can be my property. Communism proposes anti-individual growth white capitalism comes across as anti-prosperity for all. Communism regards everyone as a laborer while capitalism doesn't say so but practices the philosophy of ‘few wealthy at the cost of large numbers of white collar laborers'. Communism is all about apparent the so-called equality, while capitalism pushes the ideology of money making: it doesn't matter how much you make as long as you make money.
Communism is perpetually at war with the wealthy while capitalism is engrossed in continual cut-throat competition with other capitalists. But both systems make everyone's lives hostile, making them choose either to make just enough money for everyone or to somehow make more than his / her rival.
In such scenarios, ‘Survival of the fittest' becomes the mantra of sustenance. And to be fit, one fights and starts scheming against all sorts of resources - good, bad and ugly. The effect? -A generation of people ridden by anxiety.
Both these systems are unfriendly to the Indian soil. Chanakya, based on our Traditional economics, presents simple concepts that were prevalent in India till the colonial rule. You can refer to Anguis Medison's research on this. (He may not quote Chanakya but certainly gives the statistics).
The system that Chanakya recommended was friendly, so co-existing. It stemmed from co-operative living, against a mere competitive or conflicting existence. It endorsed collecting resources in a way that brought about complete growth - money, family, values, society and spiritual upliftment. This system balances itself on 4 legs - Dharma, Artha, Kama and Moksha, which uphold harmonious living. You may do as you please, but without breaking human values. You enjoy your bit in a way that it doesn't create bondage but opens roads to the ultimate destination of boundless joy.
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