Wednesday, October 5, 2011

Today's Words of the Day: Socialism and Communism

 

Socialism:
A political and economic theory of social organization that advocates the means of production, distribution, and exchange should be owned or regulated by the community as a whole.  Socialist parties that have arisen in most European countries from the late 19th century have generally tended toward social democracy.

Communism:
Political theory derived rom Karl Marx, advocating class warfare and leading to a society in which all property is publicly owned, and each person works and is paid according to their abilities and need.  See also Marxism.

Information from Apple Dictionary

1 comment:

  1. More importantly, I feel, is that the word Communism is derived from the word community. Whether we like it or not, we are all part of a community. Right wingers use the words communist and socialist to conger images of oppressive regimes, like the old Soviet Union.

    ReplyDelete