What is the difference between socialism and state capitalism?
To better understand the concept of state capitalism, we start with capitalism first.Capitalism is an economic system in which trade, industries, and the means of production are largely or entirely privately owned and operated for profit. [1]There is a misconception about capitalism being a socioeconomic system based on free market without centralized management of resources. Market existed already in slavery; slaves were sold free an easily, but it did not make the system a capitalist one.Also, capitalism should not be conflated with democracy. Democracy is a type of government and is not required for capitalism. It can be monarchy, totalitarianism, whatever; but an economy based on one class making profit from other class labor is capitalist one.State capitalism is usually described as an economic system in which commercial (i.e. for-profit) economic activity is undertaken by the state, with management and organization of the means of production in a capitalist manner, including the system of capital accumulation, wage labor, and centralized management. [2]Simply the capitalist class was represented by the state. That is, state capitalism is a merely a flavor of capitalism, a monopolistic one, without market.A good example of state capitalism is the USSR.Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy,[1][2] as well as a political theory and movement that aims at the establishment of such a system. [3]Socialism is a first transient stage of communism. It should not be confused with the Welfare State [4] which represents capitalism with some moderation made by the state in order to make it more stable and to reduce social problems.Modern welfare states include the Nordic countries, such as Iceland, Sweden, Norway, Denmark, and Finland[2] which employ a system known as the Nordic model. [ibid]There is no abundance in socialism, and its distribution principle is "From each according to their ability, to each according to their contribution."Money and state exist in this society, while there is no profit one social class is making from the work of another class.________________1. Capitalism2. State capitalism3. Socialism4. http://en.wikipedia.org/wiki/Wel...
How are social democracy and capitalism different?
Social Democracy leaves the government in the hands of “the people” versus a ruling class. It recognizes that the interests of “the people” should be paramount, and to that end, the government takes a position of regulation over the basics necessary to life. Under Social Democracy, certain things like Health Care, Education, Livable Wage, and so on are considered to be the “rights” of every citizen. Social Democracy is a hybrid between a model of government and a model of economics. Government is charged with the responsibility of regulating the economy for the benefit of “the people”.Capitalism is strictly an economic model. The philosophy of capitalism has been perverted and bastardized to presume that without control by the people, and without any governmental regulations, it will distribute wealth “fairly” and “efficiently”, rewarding those who “work hard”, and punishing the “lazy and unproductive”. The capitalist views power that is held by the citizens, “the people” as the enemy, which is to say that capitalism opposes democratic government.So in a truly capitalistic country by the standards of the US “capitalist”, there would be no democracy, no rule of “the people”. Instead, it would be presumed that “the market” would act independently of any restraints by government, and that whatever consequences of rule by “free markets” materialized, would be “fair and efficient”. In other words, Capitalism would be the government.
What is the difference between capitalism and democracy?
Others have touched on the definitions of the two words:Democracy is a form of governmentCapitalism is a theory pertaining to economics.Where most of the answers don’t go into detail, or miss entirely, is in explaining how one affects the other, which is where I think your question comes from.There are many who think that capitalism is a form of government, and probably most of those who make that error, live in the US. In the United States, capitalism is promoted, by the capitalists of course, as a form of government. We hear the “virtues” of “capitalism” from the moment we awaken in the morning, until we go to sleep at the end of the day, every day of our lives. Capitalism is used as the basis of all of our economic policy, and the government is completely preoccupied with the priorities of the capitalists themselves. Most of the business of congress concerns them.And as a matter of practical reality, the capitalists do control the US government. Corporations write our banking laws, our tax laws, and every other law pertaining to all of the economic matters in the nation. In a nation that is supposedly a “democracy”, you would think that The People ought to have something to say about economic policy. But in the US, The People have absolutely no influence over economic policy whatsoever.So given that corporations enact economic policy, for their own benefit, completely disregarding the welfare of The People, and leaving The People out of the decision making process entirely, it would be perfectly correct to say that in the US, Capitalism is the government.The roots of this melding between the functions of government and the influence of corporations, had its roots in Europe way back in the 1930s and 40s. Back then, both Germany and Italy practiced a version of what we now have in the United States.The Germans called their version Nazism. The Italians called their version Fascism.
What is the difference between the Social democrats and social revolutionaries in Russia?
I understand that these were the two biggest revolutionary organizations in Russia prior to the revolutions, but my question is what is the difference in their ideologies and the way that they conducted their revolutionary activities. Also, if possible, could the main leaders and proponents of these two be named. Thank you in advance!!
What is the difference between capitalism and socialism?
Capitalism is a political system in which individuals own all the property that isn’t required for the government. The government’s basic function consists in ensuring individual freedom and property rights, and enforcing contracts. The government could be democratic or not. In history, the most capitalist countries have included democratic and non-democratic regimes.Socialism is a political system in which the state owns all the property. That state could be democratically controlled, but need not be. In history, many of the most socialist societies were not democratic.Communism is an ideal social system put forward by Karl Marx. As other posters have noted, communism is supposed to exist when production is so abundant there is no need for ownership, contracts, or pay. This idea violates one the basic principles of economics, which is that human wants are unlimited and some resources are always scarce.In common parlance, “Communism” is often used to refer to totalitarian socialism, such as that of the Soviet Union, Maoist China, Castroist Cuba, and North Korea. These countries severely limited private property. The state or workers’ communes owned most of the property. The ruling parties in those countries called themselves “Communist,” so the name has stuck.All economies in the world today are mix of capitalism and socialism. No country bans all forms of private property, and no country embraces laissez-faire capitalism in the sense classical liberals advocate. China, though ruled by a Communist Party, is not strongly socialist now.
What is different between capitalistic and socialistic economy?
What is different between capitalistic and socialistic economy?As this was asked several days ago, it took a bit of cultivating to think of in order to compose an answer that made any sense.The problem one has with such a question is the fact, is there any way to identify what either a capitalist of a socialist economy is?Both are used as words without meaning. An example, China and Venezuela are both…call it by the name they are…communist nation not socialist economies with results that are – as history is telling us – resulting in completely different economic results.The word capitalism, is it that America is capitalistic, when it has in the construct of legislation,, more socialism than any socialistic nation has ever envisioned? Is it then capitalist?China has a completely communist…central planning of all things…society. Yet they use some of the carrots – advancing the economic liberty of the individuals – to enhance their economic revival. Are they communist…, socialist…, or capitalist?The simple reality of fact is…due to the primary objective of all politicians, retaining their position…it matters not what type of identification that a nation uses as the façade of what they are.All nations on the face of this planet today, are, and use, all of the forms of totalitarianism…the power of the larges – spending the money – of the national treasury…to preserve the political power of the government they have. The exception, those states that as Stalin advanced, one man with a gun can control 100 men without a gun, to preserve their power.The answer is esoteric use. All nations today are both communist, socialist, and capitalist, depending on what is politically expedient for the government to preserve their position, and power.What we don’t have is any nation…except what is occurring today in America…under Trump that is determined to advance some simple concept long forgotten. Those little things that have been forgotten, life, liberty…, which is resulting in more and more pursuing happiness.