Wednesday, October 5, 2011

Today's Words of the Day: Socialism and Communism


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.

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.