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Socialism is an economic system where the means of production are owned by the community rather than private individuals. There are differing views on how this common ownership is managed. Social democracy combines aspects of socialism and capitalism. Communism is a theoretical stateless and classless society with common ownership and distribution based on each person's abilities and needs. Marxism analyzes society and social change through the lens of economic class conflicts and believes socialism is a transition stage between capitalism and communism.
Socialism is an economic system where the means of production are owned by the community rather than private individuals. There are differing views on how this common ownership is managed. Social democracy combines aspects of socialism and capitalism. Communism is a theoretical stateless and classless society with common ownership and distribution based on each person's abilities and needs. Marxism analyzes society and social change through the lens of economic class conflicts and believes socialism is a transition stage between capitalism and communism.
Socialism is an economic system where the means of production are owned by the community rather than private individuals. There are differing views on how this common ownership is managed. Social democracy combines aspects of socialism and capitalism. Communism is a theoretical stateless and classless society with common ownership and distribution based on each person's abilities and needs. Marxism analyzes society and social change through the lens of economic class conflicts and believes socialism is a transition stage between capitalism and communism.
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.