Table of Contents
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.
Though the terms are often used interchangeably, socialism and communism are different in key ways. Though the terms are often used interchangeably, socialism and communism are different in key ways. But while socialism and communism share some basic similarities, there are also important differences between them.
Why does socialism lead to communism?
The idea is that socialism, state ownership of the means of production, leads to communism, which is a stateless society where the workers own the means of production.
What is the real difference between communism and socialism?
In socialism,the resources of the economy are managed and controlled by the people themselves through councils.
Socialism Can Lead to Communism. Socialism is communism-lite. They believe in nationalizing some industries and or important societal functions but not all. Socialists will usually nationalize utilities, transportation, and large industries that tend to have labor problems. Here, the personalities involved matter a lot.
Socialism is a Form of Capitalism. In socialist and communist nations , the state essentially acts as a large capitalist firm. Production is still rooted in wage labor and generalized commodity production. Participation in the world market still occurs, though certainly a different set of regional constraints are put in place via the state.