I often see these words used interchangeably, though as I understand it there is a difference between the two ideologies, no?
I often see these words used interchangeably, though as I understand it there is a difference between the two ideologies, no?
I made this just because I want to say that the easiest way to think about it is precisely that.
This is also how the political compass sort of displays it;
communism is stuff at the left hand edge of the compass, “Laissez-faire” capitalism is at the right hand edge of the compass. Stuff on the right but not the edge are varying degrees of capitalism, stuff on the left but not the edge are varying degrees of socialism.
Communism = perfect, pure socialism, and perfected pure capitalism is Laissez-faire capitalism.
But more people personally prefer diluted forms of communism or pure-capitalism.
I personally think that a lot of other explanations, like communism has to have no currency are literally just opinion, not objectively true.
because certain leftists think their type of communism/socialism is the only one that should be considered valid. This seems foolish because it treats politics like religion; politics is in fact primarily policy decision in response to issues - or it should be this - so you can’t really argue that there’s a “correct denomination” like some Christians or Muslims do between other members of their faith.