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submitted 3 months ago by Confidant6198@lemmy.ml to c/memes@lemmy.ml
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[-] Cowbee@lemmy.ml 31 points 3 months ago

Both, though I think there might be some confusion here. Communism the Mode of Production is a global, fully publicly owned economy, the "Communist" states that exist today and historically are better described as Socialist countries led by Communist Parties attempting to build towards Communism. Socialism is still based on Public Ownership as the principle aspect of the economy.

These "Communist" states are frequently referred to as "AES," or "Actually Existing Socialism," and include Cuba, the PRC, Vietnam, DPRK, Laos, the former USSR, etc.

this post was submitted on 10 Apr 2025
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