this post was submitted on 20 Aug 2023
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[–] Honytawk@lemmy.zip 0 points 1 year ago (2 children)

Capitalism is where everything is owned by an individual

Socialism is where only the means of production are owned by the state, but the individual still has private properties

Communism is where everything is owned by the state

[–] MF_COOM@hexbear.net 1 points 1 year ago
[–] spectre@hexbear.net 1 points 1 year ago* (last edited 1 year ago) (1 children)

This is not correct, I encourage you to do some more reading about how coats are made if you'd like to understand this better.

[–] Clever_Clover@hexbear.net 1 points 1 year ago

best way I've seen to tell someone to read capital lmao