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[-] pacology@lemmy.world 47 points 1 year ago

In real general terms, communism is about people/state’s ownership of the means of production. Under this system, most private property is nationalized.

Socialism allows for private property and sees the role of the state to redistribute power and wealth among its citizens through some sort of state program.

[-] BlameThePeacock@lemmy.ca 31 points 1 year ago

Also for additional information, Countries/Economies don't have to be entirely one or the other.

The US has both socialist and capitalist components. The post office system is socialist, so are functions like public roads, and fire and police services. There are also overtly socialist programs in place in things like food stamps, medicare, etc.

Other countries like Canada are the same, but generally have more socialist organizations and programs in comparison (like our healthcare system and electric grids)

[-] Yendor@sh.itjust.works 7 points 1 year ago

The post office system is socialist, so are functions like public roads, and fire and police services.

I’d argue that having the government provide a service isn’t enough to call something socialist. In “The Wealth of Nations”, Adam Smith said that in a free-market economy, the governments role was to provide defence, law and order, and public works (eg. roads and education). If we’re using Marx’s definitions for communism, then surely we have to use Smith’s definitions for Capitalism.

[-] BlameThePeacock@lemmy.ca 4 points 1 year ago

Even if you do exclude those pieces, the US still has socialist organizations and programs that fall outside that definition. I'd argue that even Adam smith is just realizing that socialism is required for certain industries because capitalism has extreme market failures in situations where two or more providers are not economically viable, or in situations where the public good an profit are not aligned.

Florida has a public state insurance company for example. It had to because insurers are fleeing the state.

Texas maintains a publicly controlled electricity distribution organization (Ercort) covering most of the state.

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this post was submitted on 06 Aug 2023
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