Communism: a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public.
Socialism: a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Capitalism: an economic system in which a society's means of production are held by private individuals or organizations, not the government, and where products, prices, and the distribution of goods are determined mainly by competition in a free market.
I don’t know about you, but I think we all know what the difference between these 3 economic ideologies are, and the last one is very promising. A free market, private ownership, and production not controlled by the public or government sounds good to me, as it encourages hard work and innovation to create better solutions that will change the world for the better, and rewards hard work for their products and services they sell to others.
average captialist (doesn't have a clue on the difference between communism and socialism)
@socialism: Advocates for no incentive to work since we are all going to be paid the same anyways, less entrepreneurial opportunities and innovation, advocating for price controls, leading to a reduction in supply and more starvation, and believes in collective ownership of property, and not allowing their citizens to own a piece of property.
@capitalism: Advocates for incentive to work as more people are going to be paid for hard work, more entrepreneurial opportunities and innovation (which leads to better progress and more creativity), advocating for supply and demand, where the price goes up and down based on the demand and supply that is available and believes in individuals owning their OWN property, without anyone else taking that away from them.
The choice is obvious. Will we choose freedom or socialism? Follow us for more.