Socialism: Socialism is a political and economic system in which the means of production and distribution are owned and controlled by the people. - Communism envisions a classless, stateless society where all property is commonly owned. Communism is a more radical form of socialism, theoretically representing its final stage. See also Communism, Society, Economic systems, State._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |