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How does communism differ from socialism?

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Like communism, socialism's main focus is on equality. But workers earn wages they can spend as they choose, while the government, not citizens, owns and operates the means for production. Workers receive what they need to produce and survive, but there's no incentive to achieve more, leaving little motivation. read more

Defining Communism and Socialism. To better understand the slippery distinctions between communism and socialism, let's trace the history of both terms. Communism. Communism traces its roots to "The Communist Manifesto," an 1848 pamphlet by Karl Marx and Friedrich Engels. read more

Socialism is communism (because it follows the same laws in economy as communism. For example a law in capitalism is the law of supply and demand, while communism/socialism does not work this way, it has different laws - social ownership of the means of production etc.). Socialism is considered the first era of communism. read more

"Socialism" is sometimes used interchangeably with "communism" but the two philosophies have some stark differences. Most notably, while communism is a political system, socialism is primarily an economic system that can exist in various forms under a wide range of political systems. read more

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