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Discuss The Differences And Similarities Between Communism And Socialism

Referencing Styles : MLA | Pages : 1

The two most significant terms that is communism and socialism are almost possessing the similar meaning however not exactly the same. As, it can be seen that these two terms are basically the economic and the political structures which is used mainly to promote the equality amongst the masses, thereby eliminating the caste discrimination system globally. The term socialism is closely related to the satisfaction of the human needs and not under any kind of capitalism for the purpose of sale or for making any kind of profit for oneself. It is with the help of the democratic government on the basis of the nationwide economic organization, socialism can have the power to exercise the direct control and management of the industries, also at times of providing social services to the workers on that very basis itself.

On the basis of the public benefits theory, socialism is often considered to be the greatest goal of common wealth. As, it is known that the government controls almost everything regarding the society’s functions. Socialism is often considered to bridge the gap in between people irrespective of their caste, income, area and also in the societal ranks thereby making the most effective use of the resources, labours and land. A true socialist always looks for a classless society where there is no disparity in between people depending upon their caste castes, income and others like where the government is used to control all means of production and also the distribution of goods. In order to maintain the equality amongst the masses and reduce the competition in between the people and put everyone on level playing field, the control of the socialist is very significant. So, it can said in simple words that a socialist society is the one where there is no private property and everyone has same authority and share over equality. It can be easily said that, democratic socialists are the ones which, believes in democratic socialists, whereas a communist forms government and not the democracy, the democratic socialists believes in the elections , they are more inclined towards providing powers and authority to the ordinary people.

It can be said that communalism and socialism are the umbrella terms which are often referred to the two wings of the economic thought. In other words we can say that they are both found to oppose the capitalism. Out of this several social and political movements sine the 19th century. There are many countries which are mainly governed by the communist party or the socialist. However every party has different principles and the rhetoric vary widely.

In simpler terms one can explain the similarity and the difference at the same time in between socialism and communalism. As socialism can be said, that economy system that seeks to obtain equality among the society members.

Socialism is often considered as an economic system that it will seek to achieve equality among members of society. Communism, on the other hand, is both an economic system that will be able to seek equality among members of society and a political ideology that advocates a classless and stateless society and rejects religion. It is regarded as a more extreme form of socialism.

Socialism and communism both adhere to the principle that the resources of the economy should be collectively owned by the public and controlled by a central organization. They are both found to differ, however, in the management and control of the economy. In socialism, the people themselves decide either through communes or through the popularly elected councils on how the economy should work and on how to obtain the desired goals and objectives. This will eventually result to make  socialism a liberal system because majority of the people have a say on how the economy should be maintained. Communism, on the other hand, has been found to attain the single authoritarian party by taking control over the economy. It is thus characterized as conservative because the economy functions based on the decisions of a few.

The factors of economic production is owned by people in both socialism and communalism. However, the difference is attributable to the control and factor of owning the resource. Under communalism, rather that the individual, it is the state that control and owns most property and economic resources. On other hand, all the economic resources are equally shared by the citizens under socialism as allocated by the government that is democratically elected. People are provided and compensated based on their needs as most of the goods, clothing and foods are provided by the government. The premise on which the socialism is based is that the contribution of the individual to the economy forms the basis of compensation. Therefore, under socialism, innovation and innovation are rewarded unlike communalism. Furthermore, some of the other differences between these two can be outlined in the table below.  

Socialism

Communism

All the personal property is owned by the individual and the production capacity being managed by the government elected democratically.

Public is the owner of all the economic resources with the government controlling them. No personal property or assets is owned by the individual.

Although, there is the existence of class but the differences amongst the class is abolished. There is also a scope for some people to earn more than other.

There is a complete abolition of class and the ability of one worker to earn more than other do not exist.

Freedom for people to practice any religion is allowed.

There is effective abolition of religion.

The societal and individual needs is met by the production and the ability and the contribution of the individual forms the basis of the distribution of the products.

All the basic needs of human are met by the production and there is no extra charge incurred for the distribution.


Therefore, from the discussion of above two concepts, it can be inferred that there exist similarities as well as differences on the basis of several facets.  

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