Difference between socialist party and communist party of india
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Socialism is commonly regarded as an economic system that seeks to achieve equality among members of society. Communism, on the other hand, is both an economic system that seeks equality among members of society and a political ideology that advocates a classless and stateless society and rejects religion. It is regarded as a more extreme form of socialism.
Socialism and communism both adhere to the principle that the resources of the economy should be collectively owned by the public and controlled by a central organization. They differ, however, in the management and control of the economy. In socialism, the people themselves decide through communes or popularly elected councils on how the economy should work. This makes socialism a liberal system because majority of the people have a say on how the economy should be run. Communism, on the other hand, controls its economy through a single authoritarian party. It is thus characterized as conservative because the economy functions based on the decisions of a few.
Socialism and communism both adhere to the principle that the resources of the economy should be collectively owned by the public and controlled by a central organization. They differ, however, in the management and control of the economy. In socialism, the people themselves decide through communes or popularly elected councils on how the economy should work. This makes socialism a liberal system because majority of the people have a say on how the economy should be run. Communism, on the other hand, controls its economy through a single authoritarian party. It is thus characterized as conservative because the economy functions based on the decisions of a few.
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