Difference Between Communism and Socialism

The following table lists the difference between communism and socialism:

Basis of Difference

Communism

Socialism

Basic ideology

It opposes capitalism, and the decision-making authority is held by a central unit that represents society. Under communism, wage labor, commodity production, and the market are all abandoned.

The idea of individual freedom and equality of opportunity is available only to those who can control the means of production.

Key Proponents

Known researchers like Karl Marx, Friedrich Engels, Peter Kropotkin, Rosa Luxemburg, and Vladimir Lenin, propounded and supported this theory

Known researchers like Charles Hall, François-Noël Babeuf, Henri de Saint-Simon, and Louis Auguste Blanqui supported this theory.

Central idea

Here the central idea is that all the people are the same and therefore no class distinction. The government here should own all the means of production and land and also concept of private property should not exist.

Here the central idea is that all individuals should have access to necessities of consumption and public goods.

Political System

This society is stateless, classless, and is governed directly by the people. Although this has been never practiced practically and has never been achieved.

This ideology can coexist with different political systems. Most socialists uphold the idea of participatory democracy, also some advocate parliamentary democracy, whereas Marxist-Leninists advocate the idea of “Democratic centralism.”

Social Distinction

Here all types of class distinctions are eliminated. It is a society where everyone is both the owner of the means of production and their own employees.

In this school of thought the Class distinctions are diminished to a minimum level. Here status derived is more from the political distinctions as compared to class distinctions.

Religion

Here religion based distinctions are abolished. All religious and metaphysics of all sorts are rejected.

Under this society there is freedom of religion, but usually the scholars here promotes practice of secularism.

Private Ownership

The concept of property is negated and abolished. Here private ownership is replaced with the concept of commons and ownership with “usership”.

Under this society there will be two kinds of property which are Personal property, which can be houses, clothing, other personal assets etc. owned by the individual.

Means of control

Under this society theoretically there exists no state control.

Under this form of society there is involvement of government.

Also Read:

Difference Between Communism and Socialism

Difference Between Communism and Socialism: The difference between Socialism and Communism is a matter of long debate. Scholars have their thoughts on the genesis and the practicality. Socialism, for the matter, seeks to bring equality among the means of production to the working class, whereas Communism takes the concepts of socialism a step further and revolutionizes the aspects of production and consumption.

In this article, we will look into the definitions, types, and examples of communism and socialism. Also, we will cover the key differences between communism and socialism.

Table of Content

  • What is Communism?
  • What is Socialism?
  • Difference Between Communism and Socialism

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What is Communism?

Communism is a political and economic ideology that aims to create a central unit of governance that shall be responsible for all the decision-making, and the main objective is not profit-making rather their objective is to fulfill the needs of society at large. The business houses will not have the power to make business decisions and central decision-making will regulate and guide the market proceedings. Here the central unit established shall direct businesses and the private sector about the pricing, market offering, and salary structures. Low decision-making power is given to the private sector after a review of the framework of capitalism....

What is Socialism?

Socialism is a political and economic system, where the property and the means of production are owned in common ownership typically controlled by the state or government. Socialism is based on the idea that there will be greater equality among the sections of society if there is common or public ownership of resources and means of production. Socialism is somewhere raised from the adverse impact and effects of capitalism, where Capitalism is based on the principle of private ownership of resources and means of production, and individual choices in a free market....

Difference Between Communism and Socialism

The following table lists the difference between communism and socialism:...

Summary – Communism vs Socialism

Communism and Socialism are political and economic ideologies with distinct characteristics and goals. Communism, rooted in the works of Karl Marx, envisions a classless, stateless society where all means of production are collectively owned, eliminating individual ownership and class distinctions. Various types of communism, including Marxism and Trotskyism, offer nuanced perspectives on achieving this societal structure. On the other hand, socialism, with diverse forms like democratic socialism and market socialism, seeks greater equality through collective or government ownership of the means of production. Unlike communism, socialism may coexist with different political systems and allows for private ownership to varying degrees. While communism strives for a society without classes and a state, socialism aims for reduced social inequality within a framework that permits individual freedom. The distinctions between the two lie in their core ideologies, views on private ownership, and approaches to social and political organization....

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