What is the difference between Socialism and Marxism on the basis of mutual relations between the capitalists and labourers?
Answers
Socialists believe that a peaceful phase-wise transition from capitalism to socialism is possible without demolishing the old structure of the state. The party in power can make good use of the existing capitalist system for the benefit of the working class. On the other hand, Marxists believe that after eliminating the state apparatus, the working class must overthrow the capitalists’ dictatorship and establish workers’ dictatorship. This will start the process of gradual elimination of the capitalists as a class and pave the way towards establishment of a classless society.
Socialism accommodates different political systems such as participatory democracy and parliamentary democracy. Ideologically, Marxism does not recognize and accommodate any other system. According to it, people are the ultimate authority in matters of governance.
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The difference between socialism and marxism is
*Socialism - It is Characterized by the state ownership of business and services.
• central planning is used to attempt to make society more equitable.
*Marxism - it is a method of socioeconomic analysis that views the class relations and social conflict using a materialistic interpretation of historical development.