what was the difference between socialism and communism?
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An early distinction between communism and socialism was that the latter aimed to only socialise production while the former aimed to socialise both production and consumption (in the form of free access to final goods).
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Expert Answers info One similarity between the two systems is that they both tend to look at individual human beings primarily as economic units. For Marx, as with all Communists, each individual was defined by the forces of production and the role they played within the economic system.
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Socialism denotes a broad system of ideas. Marxism is a materialistic conception of history which seeks to explain the development of all societies and furthermore, make predictions about future social change. Marxists consider the material world, nature and society as constantly moving.
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One difference is that modern social democrats tend to reject revolutionary means accepted by the more radical socialists. Another difference is that some social democrats are mainly concerned with practical reforms within capitalism, with socialism relegated to the indefinite future.
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Communism and socialism Instead, communism fell out of use during this period. An early distinction between communism and socialism was that the latter aimed to only socialise production, whereas the former aimed to socialise both production and consumption (in the form of free access to final goods).
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Socialism is an economic system of monolithic, undivided ownership. A socialist system might have a feudal government, but generally has a unitary government exercising control over everything; no sub entity has any rights, only assigned duties and privileges. ... Socialism and Feudalism are different kinds of things.
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An important difference between anarchist communism and Marxist communism is who the product of the worker's labor belongs to. ... In contrast, Kropotkin believed that the product of the worker's labor belongs to the community as a whole.
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Socialism is an economic and political system under which the means of production are publicly owned. Production and consumer prices are controlled by the government to best meet the needs of the people. Capitalism is an economic system under which the means of production are privately owned.
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A command system, on the other hand, relies upon the state rather than individuals or markets. ... Communism and socialism are two types of command systems. In a socialistic economic system, the government owns most land and capital goods, but individuals still control their own labor.
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Key Takeaways Capitalism is a market-driven economy. The state does not intervene in the economy, leaving it up to market forces to shape society and life. Socialism is characterized by state ownership of businesses and services. Central planning is used to attempt to make society more equitable.
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Communism was the ideology followed by the Soviet Union. ... Not only was the Soviet Union communist, they were totalitarian, meaning all the power was with the rulers. The United States was capitalist which meant that people could own land and businesses and compete for themselves.
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Communism is a social political movement. Its aim is to set up a version of society based on the common ownership of the means of production and would not rely on social classes, or money.
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Capitalism and socialism are formal economies that differ based on the role of the government and equality of economics. Capitalism affords economic freedom, consumer choice, and economic growth. ... Socialism, however, eliminates individualism and consumer choice and may lead to a stagnant economy.
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Capitalism and socialism are so different that they're often seen as diametrically opposed. Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.
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A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods. A socialist economic system is characterised by greater government intervention to re-allocate resources in a more egalitarian way.
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While capitalism is a self regulated economic system, communism is a government run economy. ... While Communism stands for abolishing private property, Capitalism stands for private property. Moreover, communism stands for a class less society, which doesn't see any difference between the rich and the poor.
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The United States had a single-party government, whereas the Soviet Union had a democratic government.. The United States had a free market, whereas the Soviet Union had a government-controlled economy.