Capitalism vs. Communism

Which would better facilitate a sustainable future?

Quick definitions:
Capitalism- competition between sellers to get more money from the buyers. A free market economy in which sellers are usually operated by private sellers.
Communism- equal work, equal pay, equal tax, and equal distribution of everything for everyone. Government is in control of the economy.

Pros for Capitalism in maintaining a sustainable future:
-Due to their free market economy, sellers are in competition with each other to have the best product for the best price. In accomplishing this, sellers learn to use their resources wisely, trying not to spend too much in making a product so that they can still sell it fairly cheap to attract customers.
Cons for Capitalism:
-Also due to the competition between sellers, there will inevitably be winners and losers. And over time, the winners win big and the losers lose a lot, and the end result is a large gap between the wealthy and those who did not benefit as much from the competition. In other words, resources are very unevenly distributed among society and successful competitors reflect the allocations of resources.

Pros for Communism in maintaining a sustainable future:
-As the book describes, "sustainable development" is about both equity between generations and equity within generations. If the government is in control of the distribution of wealth and resources, there is the possibility that they will allocate everything wisely and conserve enough resources for future generations, while still providing ample amounts for the current generation to survive peacefully.

Cons for Communism:
-The government decides what is fair, including the distribution of resources, and therefore companies do not exactly get to decide the amount of specific resources they are allowed to use, but have to make do with what the government allows them to use. Sellers are more limited in improving the quality and price of their products when their use of resources is limited as such.

In Conclusion:
Concerning the preservation of resources for future generations, the communist approach is probably more appropriately suited for sustainability because the decision would be in the hands of the government, and hopefully they would elect to allocate available resources sparingly, allowing future generations to do the same. This way, natural resources would last for a long time, hopefully long enough to find suitable substitutes to use in our daily activities.
However, with the large number of companies and industries that use natural resources, it is considerably difficult for the government to accurately allocate sufficient resources to certain companies. If this is the case, the resources that are being put to use for the current generation, may not be utilized wisely or efficiently. Therefore, the resources that are being used could be wasted if not in the proper hands- those being the sellers that keep striving to make their products better while also using less resources (the winners).

Place of Interest to Me

I love Australia and have always been interested in that area of the world, though I've never been there. I wanted to post something from Australia as my place of interest, so I did some research and discovered how rich Australia is in minerals. In fact, in 2011, Australia had the world’s largest economic resources of gold, iron ore, lead, rutile, zircon, nickel, uranium and zinc. However, what then caught my attention did not have to do with the minerals (though I would still be interested in learning more about their place in the global economy), but with the Murray-Darling Basin and its water issues. For a long time, the main purpose of the water from the basin was for domestic and agricultural needs, and became over-allocated for human use. This impacted the environment, and became even worse due to droughts, decreasing the amount of water in the rivers and increasing the salinity of the remaining water. As a result, there are now many endangered animal species in the area.

Murray-Darling Basin Authority Site