What is the difference between Communism and Socialism?

Communism and Socialism are both economically and politically structured to promote equality. Also, they seek to eliminate social classes. In theory, Socialism and Communism may seem to be appealing. For all those who are doing and sharing their work together for the cause of the greater good. They hold the idea of a utopian economic structure. Which some countries have tried. However, most of those countries have failed and or became dictatorships. Which in turn is making reformation nearly impossible.

Let's take a look at a Communist society. In a Communist society, everything is owned by the working class. Therefore, everyone is working towards the same communal goal. It has eliminated both wealthy and poor classes. So it's saying that everyone is equal. Production in this type community is distributed by the need, and not by the effort or by the amount of work. It is expected that all the needs and requirements needed to do the work would be met by the community. That there is no more to be obtained through working more than what is necessary. Therefore, this type of economy often has the end result of poor production. As well as mass poverty and little advisement. This has happened before. During the 1980's, the poverty in the Soviet Union had become so widespread, that the rebellions and the revolutions had caused the nation to go into chaos.

Now Socialism economies share similarities to Communism but to a much lesser extreme. As in Communism, the main focus is equality. However, instead of the workers owning the facilities and the tools for their production, the workers are paid and allowed to spend their wages as they choose. While it is the government body that owns and operates the means of production for the benefit of the working class. Each of the workers is provided with the necessities so that he would be able to produce without any worry for his basic needs. The only downside of this is that both the advancement and the production factors have been put on a limit because there is no more incentive to achieve more.

With there being Socialism and Communism, there ended up being a third type of economic system, which is Capitalism. Capitalism has no private ownership and no class equality. In Capitalism, the reward comes naturally without any limitations to those workers who are able to exceed the normal minimums. This kind of environment can cause a lot of competition. And this can result in unlimited advancement opportunities, which can sometimes be very dangerous.

In conclusion, many modern societies and countries have adopted pieces of Socialism into their economic and political policies. Like in the United Kingdom, workers have unlimited earning potential based on their work. However, some of the basic needs, such as health care, are provided to everyone regardless of their time or effort in their work. Each one of these economic systems has their benefits and flaws, so there may never be the best or the worst in a worldwide view.