Question

Difference between SOCIALISM and COMMUNISM​

Answer 1

Answer:

Communism and Socialism both arose in the context of the Industrial Revolution and largely as a response to a time when business owners were becoming extremely wealthy by exploiting their workers.

Explanation:

• The most fundamental difference is that under Communism individuals are provided for or compensated based on their needs, in effect meaning that in a true communist system you wouldn't have money and you'd simply be given what the government thinks you need in terms of food, clothing, accommodation, etc. Central to socialism is that individuals are compensated for based on their individual contribution, so people that work harder or smarter would receive more than those that don't contribute.
• This difference highlights a key flaw in the Communist model, where no one has any motivation to work harder or smarter as it would have no impact or benefit for them.Communism views all property as being public property and effectively there is no personal property or items held by individuals.

• Socialism rather sees individuals still having their personal property but all industrial and production capacity would be communally owned and managed by consensus or government.

• Socialism is at its core an economic philosophy, whereas Communism is economic and political in its requirement that government be the central owner and decision maker in all matters.

• Communism rejects any religion and in a true Communist state religion is effectively abolished. As Socialism is economic only in its focus, freedom of religion is allowed, though some interpretations see it as promoting secularism in its nature (even if religion is not effectively banned).

• Communism sees the complete abolishment of class distinctions as everyone is effectively treated the same. Socialism sees a diminishment here but class distinctions would still exist as there is capacity for some to achieve more wealth than others.

• Communism sees the transition from Capitalism as being a violent revolution where the existing system is effectively destroyed as the workers rise up against the middle and upper classes.

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