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Difference Between Socialism And Communism Essay

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The purpose of this research paper is to explain the difference between socialism and communism as well as to look in more detailed as to what problems arose in the countries that have practiced socialism or communism. Based on the evidence found upon the research we will be able to find an answer to the question: “Can capitalism and socialism exist simultaneously?” To end the research paper we will look at some of the socialist elements that are practiced in United States.
Sylvia Pankhurst states that there is no difference between socialism and communism. “The words Socialism and Communism have the same meaning. They indicate a condition of society in which the wealth of the community: the land and the means of production, distribution and transport are held in common, production being for use and not for profit.” By looking at this quote, we could easily say that the meaning of socialism is “common ownership.” According to Merriam Webster, socialism is defined as “a system or condition of society in which the means of production are owned and controlled by the state.” I would say that it is safe to conclude that while communism and socialism are used interchangeable and for some they almost mean the same thing, we would have to remember, as Decker William said in his article that “communism is a political system, while socialism is primarily an economic system that can exist in various forms under a wide range of political systems.” “Communism” Marine Corps Gazette
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