this post was submitted on 11 Dec 2023
1143 points (93.7% liked)
Memes
45704 readers
1308 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Okay, fair enough, I did miss that part apparently.
Is it fair to say, then, that according to your definition, communism is just capitalism but with democratized production?
Those two concepts are incompatible. I’m assuming we’re both American so you’ve probably heard that capitalism means free market exchange of goods and services but that’s actually just commerce and is a feature of every economic system. The defining trait of capitalism is actually that one guy can own the means of production and is entitled to the capital produced. Whereas in socialism and communism there is no private ownership of production.