An economic model wherein land, capital and capital goods are taken into collective ownership followed by use of these materials in economic planning and the maintenance of a high degree of economic equality.
[QUOTE]
so·cial·ism /ˈsoʊʃəˌlɪzəm/ Show Spelled[soh-shuh-liz-uhm] Show IPA
noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
[END QUOTE http://dictionary.reference.c... ]
Under Marxist socialism, capitalism is replaced by collective ownership but some private enterprise may be permitted. Citizens have material incentive to work, as they are rewarded according to their contributions. Under various other types of socialism, varying degrees of government regulation of private enterprise exists.
Some people may consider ANY government economic control to be "socialism," but all healthy economies are "mixed economies" combining capitalism and government regulation.
Under communism, which is much more extreme, all private enterprise may be banned. It supposedly produces a classless utopia wherein everyone contributes according to their ability, and is rewarded according to their needs.
C...
[QUOTE]
so·cial·ism /ˈsoʊʃəˌlɪzəm/ Show Spelled[soh-shuh-liz-uhm] Show IPA
noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
[END QUOTE http://dictionary.reference.c... ]
Under Marxist socialism, capitalism is replaced by collective ownership but some private enterprise may be permitted. Citizens have material incentive to work, as they are rewarded according to their contributions. Under various other types of socialism, varying degrees of government regulation of private enterprise exists.
Some people may consider ANY government economic control to be "socialism," but all healthy economies are "mixed economies" combining capitalism and government regulation.
Under communism, which is much more extreme, all private enterprise may be banned. It supposedly produces a classless utopia wherein everyone contributes according to their ability, and is rewarded according to their needs.
Communism's fatal flaw is the lack of material incentives. Without material incentives, communism will always fail in communities (communes) too large for everyone to personally know everyone else. Non-material incentives ("atta-boys") may be the only positive reinforcement available, so larger communities must rely upon coercion because "atta-boys" may be insufficient motivation without personal relationships.
Socialism is a political and economic concept that attempts to create a balance between the rich and the poor. A socialist country would try to give the rich people a higher tax rate so that more poor people could benefit from it.
Socialism is a broader concept. It is where government controls the means of production in order to create socially desirable ends. The government's investment in Solyndra is a good example of socialism. The government is taking taxes away from X and giving it to a company which produces green energy. Through taxes, mandates,or purchases, the government can control various means of production. It controls the school system for example through mandates and cash incentives.
Yes, and some North American states can be considered socialist in several of their policies. However, communism is much more radical. The government has close to totalitarian control over all means of production, and in a strictly communist system people have exactly the same salaries. Also, the state decides how much food a person can get. the state controls basically everything.
Is that communism in theory or Communism is actual practice. The country's which are called Communist are really totalitarian dictatorships. I am not sure that they are communist at all.
I thought that communism dealt with the workers controling the means of production rather than the government.
I haven't really studied communism in theory yet, but whatever they do, that's what they end up doing. The government at the very end would control the mean. You can say that such countries are not really communist.
I am curious whether you got the answer you were looking for. These are mostly technical answers that you could get in the dictionary. Why were you asking - if you don't mind me asking...
so·cial·ism /ˈsoʊʃəˌlɪzəm/ Show Spelled[soh-shuh-liz-uhm] Show IPA
noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
[END QUOTE http://dictionary.reference.c... ]
Under Marxist socialism, capitalism is replaced by collective ownership but some private enterprise may be permitted. Citizens have material incentive to work, as they are rewarded according to their contributions. Under various other types of socialism, varying degrees of government regulation of private enterprise exists.
Some people may consider ANY government economic control to be "socialism," but all healthy economies are "mixed economies" combining capitalism and government regulation.
Under communism, which is much more extreme, all private enterprise may be banned. It supposedly produces a classless utopia wherein everyone contributes according to their ability, and is rewarded according to their needs.
C...
so·cial·ism /ˈsoʊʃəˌlɪzəm/ Show Spelled[soh-shuh-liz-uhm] Show IPA
noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
[END QUOTE http://dictionary.reference.c... ]
Under Marxist socialism, capitalism is replaced by collective ownership but some private enterprise may be permitted. Citizens have material incentive to work, as they are rewarded according to their contributions. Under various other types of socialism, varying degrees of government regulation of private enterprise exists.
Some people may consider ANY government economic control to be "socialism," but all healthy economies are "mixed economies" combining capitalism and government regulation.
Under communism, which is much more extreme, all private enterprise may be banned. It supposedly produces a classless utopia wherein everyone contributes according to their ability, and is rewarded according to their needs.
Communism's fatal flaw is the lack of material incentives. Without material incentives, communism will always fail in communities (communes) too large for everyone to personally know everyone else. Non-material incentives ("atta-boys") may be the only positive reinforcement available, so larger communities must rely upon coercion because "atta-boys" may be insufficient motivation without personal relationships.
I thought that communism dealt with the workers controling the means of production rather than the government.