• Honytawk@lemmy.zip
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    1 year ago

    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 [he/him]@hexbear.net
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      1 year ago

      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.

    • Egon [they/them]@hexbear.net
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      1 year ago
      You are impressingly wrong

      Socialism 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.