Asked by Salsal subair on May 30, 2024

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Socialism and communism are not the same thing.Discuss the differences in terms of Marx's ideas of communism.

Communism

Marx’s hypothetical economic system in which ownership of the means of production is collective and workers’ labour is not exploited.

Marx's Ideas

Refers to the philosophical and economic theories of Karl Marx, which include the critique of capitalism and the advocacy for a classless society.

Socialism

An economic system in which raw materials and the means of production are collectively owned.

  • Distinguish between socialism and communism based on Marx's perceptions of communism.
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Samantha HunterJun 02, 2024
Final Answer :
Communism was a hypothetical construct of Marx based on his belief that after the fall of capitalism,there would emerge a society in which everyone was equal.Marx believed that socialism was a transitory stage after capitalism and before communism.Yet communism (as envisioned by Marx,at least)has never existed at the state level of organization.Although some would define China as a communist country,Marxists appreciate that China's powerful political structure would not exist in Marx's idea of communism.