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this post was submitted on 18 Jul 2025
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And what is capitalism, or communism, or socialism? I feel like there are different definitions of those things.
Capitalism is a mode of production largely defined as one where private ownership is the principle aspect of the economy, and commodity production is the main form.
Socialism is a mode of production where public ownership is the principle aspect, and is more planned and controlled.
Communism is a post-socialist, global system that is fully collectivized and planned.