what are the differences and similarities between communism, capitalism, and socialism..???
please helppp!
2007-12-12 08:35:56 · 2 answers · asked by xbrunette1492 2 in Social Science ➔ Economics
Capitalism: You have two cows. You lay one off, and force the other to produce the milk of four cows. You are surprised when she drops dead. You re-hire the first cow and sell the meat of the dead one to buy a bull.
Socialism: You have two cows. The government takes one of your cows and gives it to your neighbor. You're both forced to join a cooperative where you have to teach your neighbor how to take care of his cow.
Communism: You have two cows. The government seizes both and provides you with milk. You wait in line for you share of the milk, but it's so long that the milk is sour by the time you get it.
2007-12-12 08:43:11 · answer #1 · answered by Patrick F 3 · 2⤊ 1⤋
Communism: popular ownership of capital by all members of society
Capitalism: private ownership of capital
Socialism: state ownership of capital
2007-12-12 16:40:43 · answer #2 · answered by Hubris252 7 · 0⤊ 0⤋