Communism (from Latin communis ‘common, universal’)[1][2] is a sociopolitical, philosophical, and economic ideology within the socialist movement,[1] whose goal is the creation of a communist society, a socioeconomic order centered on common ownership of the means of production, distribution, and exchange that allocates products in society based on need.[3][4][5] A communist society entails the absence of private property and social classes,[1] and ultimately money[6] and the state.[7][8][9]
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit.[a] This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth.[b] Capitalist economies tend to experience a business cycle of economic growth followed by recessions.[13]
Two completely separate meaningful definitions of two different economic processes and philosophies.
I honestly don’t know why I continue to engage. You people don’t even know what you’re arguing against.
The red herring fallacy run rampant in the comment section equating capitalism to atrocities committed by war criminals etc.
Idealistic morons with their head in the clouds talking about concepts they don’t know anything about.
Heck even people from other countries talking about how evil America is for destroying their economic system which was something that America does.
And now here you are talking about how my definition of capitalism is too vague.
What on God’s green earth does that have to do with the current American economic landscape turning into a corporate oligarchy.
Literally no one even addressed a single concept in my original comment except to harass me about how capitalism is bad.
Communism (from Latin communis ‘common, universal’)[1][2] is a sociopolitical, philosophical, and economic ideology within the socialist movement,[1] whose goal is the creation of a communist society, a socioeconomic order centered on common ownership of the means of production, distribution, and exchange that allocates products in society based on need.[3][4][5] A communist society entails the absence of private property and social classes,[1] and ultimately money[6] and the state.[7][8][9]
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit.[a] This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth.[b] Capitalist economies tend to experience a business cycle of economic growth followed by recessions.[13]
Two completely separate meaningful definitions of two different economic processes and philosophies.
I honestly don’t know why I continue to engage. You people don’t even know what you’re arguing against.
The red herring fallacy run rampant in the comment section equating capitalism to atrocities committed by war criminals etc.
Idealistic morons with their head in the clouds talking about concepts they don’t know anything about.
Heck even people from other countries talking about how evil America is for destroying their economic system which was something that America does.
And now here you are talking about how my definition of capitalism is too vague.
What on God’s green earth does that have to do with the current American economic landscape turning into a corporate oligarchy.
Literally no one even addressed a single concept in my original comment except to harass me about how capitalism is bad.