I decided to group these three terms together since they are thrown around interchangeably on social media. They all are social, economic and political theories that some in power would like to adopt for America. Each one can fill a book with its different ideas and principles and variations but here are the theories, briefly summarized:
- Marxism – the world is divided into two classes: the workers in the factories, farms and offices, and the capitalists (or bourgeoisie) who own the factories, land, and buildings that the workers work in. This class conflict should ultimately result in…
- Socialism – the means of making, moving, and trading wealth should be owned or controlled by the workers. This means the money made belongs to the people who make it, instead of a group of private owners. Or,
- Communism – a version of society based on the common ownership of the means of production that does not rely on social classes, or money. It believes that individual decisions should be good for the population as a whole, instead of just being good for only some part of people in the country.