• Geodad@lemmy.world
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    13 hours ago

    Communism is the government owning the means of production. Socialism is the people owning the means.

    • Cowbee [he/they]@lemmy.ml
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      4 hours ago

      Socialism is a mode of production where public ownership is the principle aspect of the economy. Communism is a post-socialist mode of production where all of production has been collectivized globally, the commodity form fully abolished, etc.