this post was submitted on 20 Aug 2023
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[–] Honytawk@lemmy.zip 0 points 1 year ago (3 children)

Capitalism is where everything is owned by an individual

Socialism is where only the means of production are owned by the state, but the individual still has private properties

Communism is where everything is owned by the state

[–] spectre@hexbear.net 28 points 1 year ago* (last edited 1 year ago) (1 children)

This is not correct, I encourage you to do some more reading about how coats are made if you'd like to understand this better.

[–] Clever_Clover@hexbear.net 22 points 1 year ago

best way I've seen to tell someone to read capital lmao

[–] Egon@hexbear.net 13 points 1 year ago* (last edited 1 year ago)

You are impressingly wrongSocialism is when the government does stuff, and the more stuff the government does, the more socialist it is. If it does a whole lotta stuff it's communism <- This is you, but unironically. Educate yourself on the subject of which you claim knowledge.

[–] MF_COOM@hexbear.net 12 points 1 year ago