A mode of production where private ownership of the means of production is the principle aspect of the economy, ie over at least the large firms and key industries. Socialism is where public ownership is the principle aspect of the economy, and communism is a post-socialist mode of production where all production and distribution has been collectivized and is run to suit the needs of society. Economic planning is key to socialism and communism.
Lol no, it’s currently capitalism
As we know, socialism is when the government does stuff, and the government does some stuff, that means its a mix of capitalism and socialism.
Everyone paying for the police that protect the institution of capital is an example of socialism.
-libs, probably
capitalism is when rich people exist then?
What is capitalism?
A mode of production where private ownership of the means of production is the principle aspect of the economy, ie over at least the large firms and key industries. Socialism is where public ownership is the principle aspect of the economy, and communism is a post-socialist mode of production where all production and distribution has been collectivized and is run to suit the needs of society. Economic planning is key to socialism and communism.
Are you being serious? Embarassing
It seems to me at the moment you define essentially everything as capitalism
You are exceptionally stupid
Ironic post
Lol
true