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The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.
What is the communist view of history?
It is principally a theory of history which asserts that the material conditions of a society’s mode of production, or in Marxist terms the union of a society’s productive forces and relations of production, fundamentally determine society’s organization and development.
Which is the best description of the concept of communism?
Communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society. Communism is thus a form of socialism —a higher…
Another key difference in socialism versus communism is the means of achieving them. In communism, a violent revolution in which the workers rise up against the middle and upper classes is seen as an inevitable part of achieving a pure communist state.
Why does communism have a centrally planned economy?
Communism has a centrally planned economy; it can quickly mobilize economic resources on a large scale, execute massive projects, and create industrial power. It can move so effectively because it overrides individual self-interest and subjugates the welfare of the general population to achieve critical social goals.
Are there any countries in the world that have communism?
Today communism is the official form of government in only five countries: China, North Korea, Laos, Cuba, and Vietnam. However, none of these meet the true definition of communism.