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Marxism, Socialism and Communism’s meanings

are sometimes mixed or interchanged by people.


People are sometimes confused by these. These
concepts may have similarities, but they are way
different than you think.
Socialism is a society in which the means of
production, distribution and exchange are owned by
the community as a whole rather than private
individuals. There are two ways socialists think of the
way society can own the means of making wealth;
either the state is used or worker-owned cooperatives
are used. An important belief is that management
and sharing are supposed to be based on public
interests. Socialists believe that everything in society
is made by the cooperative efforts of the people or
citizens. Social democracy is a kind of socialism that
tries to mix parts of socialism with capitalism which
means that in this system, the government takes
wealth from rich and gives it to the poor like in a
Communist state, but despite there being more
government control and less chance to make a very
large amount of money, people can still run their
own businesses and own private property.
Communism is a theoretical, classless, stateless
society in which productive property is commonly
owned and economic distribution is opened on the
principle of “from each according to his ability, to
each according to his need.” It also refers to a group
of ideologies which hold this form of social
organization as their end goal. The most significant
form of communism is Marxism, and the 20th century
was characterized by a number of Marxist-Leninist
states. Anarchist communism is also historically
significant, though has not been nearly as popular as
the various forms of Marxist communism since the
late-19th century and early-20th centuries, except in
select countries or localities.

Marxism is the name for a set of political and


economic ideas. These ideas come from the works of
Karl Marx and Friedrich Engels. Marxism influenced
other political views such as social democracy and
reformist socialism. It holds that human society is
built primarily on economic relations between classes
and that political and social structures are built
around these relations. Marxism says that people in
the world are organized into different groups, or
classes based on what they do for work. Marxism
analyzes social change and developments as the
product of conflicting classes changing the structure
of the economy. In Marxist theory, socialism is a
transitional social state between capitalism and
communism, although some socialist nations now exist
that have no intention of transitioning to
communism. The people who agree with this type of
system are called socialists. In Marxist analysis, every
state is the “dictatorship” of the economically
dominant class. Marxist believe that the state will
wither away and the final state, communism, will be
reached. These socialist revolutions will happen when
capitalism reaches its final stages development and
becomes consumed by its own contradictions.