A mode of production where private ownership of the means of production is the principle aspect of the economy, ie over at least the large firms and key industries. Socialism is where public ownership is the principle aspect of the economy, and communism is a post-socialist mode of production where all production and distribution has been collectivized and is run to suit the needs of society. Economic planning is key to socialism and communism.
What is ownership? If I say you own a car, but take it and drive it whenever I want, even if you may own it- I control it. Given that context, is modern Russia socialist or capitalist?
Modern Russia is capitalist, I don’t think anyone thinks it’s socialist anymore. The USSR dissolved over 3 decades ago. Ownership of property is protected by the state, be it public ownership or private ownership. Trying to abstract an analogy doesn’t actually work the same way at a societal level.
A mode of production where private ownership of the means of production is the principle aspect of the economy, ie over at least the large firms and key industries. Socialism is where public ownership is the principle aspect of the economy, and communism is a post-socialist mode of production where all production and distribution has been collectivized and is run to suit the needs of society. Economic planning is key to socialism and communism.
What is ownership? If I say you own a car, but take it and drive it whenever I want, even if you may own it- I control it. Given that context, is modern Russia socialist or capitalist?
Modern Russia is capitalist, I don’t think anyone thinks it’s socialist anymore. The USSR dissolved over 3 decades ago. Ownership of property is protected by the state, be it public ownership or private ownership. Trying to abstract an analogy doesn’t actually work the same way at a societal level.