Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
communism
Communism
Capitalism is the economic system based on private ownership and profit.
capitalism
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
Capitalism
Communism
Capitalism is the economic system based on private ownership and profit.
capitalism
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
capitalism: an economic system based on private ownership of capital socialism: an economic system based on stateownership of capital
A collective economy is an economic system where ownership of resources and the means of production is shared or collectively controlled by a group of individuals or the community as a whole. In this system, decision-making and distribution of goods and services are often based on principles of cooperation and mutual benefit rather than individual profit.
Capitalism
market economy
An economic system based on the private ownership of the means of production and distribution in which the goal is to produce profi
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
They face the same basic economic problems
Socialism is an economic system based on public or cooperative ownership of the means of production, worker's self-management and collective decision-making in enterprises, and production for use. Marxism is an economic and sociological theory on capitalism, economic development and social class that predicts socialism to be an outcome of economic and technological development. Many socialists agreed with Marxist or quasi-Marxist analysis and theories, but not all socialists agree with or are Marxist. In short, Marxism is a theory; Socialism is a system.