Thus, under socialism, possession of the means of production by all of the individuals—a typical feature of each phases of communism—assumes the form of a specifically socialist state ownership. Likewise, commodity-cash relations, that are characteristic of a …
However, the reality is every developed nation has some packages which are socialist. Capitalism was the mode of production that emerged and expanded in the 19th and 20th centuries, and socialism was just a brief parenthesis. Readers are likely to …
A nation must switch the technique of production to transition from socialism to free markets. The means of transferring capabilities and assets from central authorities to non-public individuals is called privatization. Proponents of market capitalism counter that …