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Frequently Asked Questions...

10 points if anyone can tell me the difference between socialism and communism?

I see a lot of Americans on YA calling Obama a socialist, he's not a socialist, he's very much a capitalist who just supports a welfare state, which is admittedly a socialist idea but it's only one idea.
They also collate socialism with communism, when they are two completely different things.
Can anyone tell me the difference?


Best Answer...

Answer:

Communism is a classless society in which everyone works to the best of their ability and is supplied with all of their needs and so the state withers away. Socialism is where the ownership and control of the means of production is vested in society. Marxists believe this is a stage which is more evolved than feudalism and capitalism, but less so than communism.

In the modern world, society exercises loose partial ownership and control of the means of production through regulation and collection of 30% of the net profits. It is called a mixed free market system. It has evolved and survived better than feudalism, capitalism or socialism and seems to work best in our current global economy.

But labels are for cans. The name on the label will not tell you how it tastes, looks, smells or feels. You will have to open it and study it and taste it to understand the differences and realize that there are many brands of socialism and communism and free market systems and no two of them are exactly alike.