• Cowbee [he/they]@lemmy.ml
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      1 day ago

      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.

      • aidan@lemmy.world
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        18 hours ago

        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?

        • Cowbee [he/they]@lemmy.ml
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          12 hours ago

          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.

            • Cowbee [he/they]@lemmy.ml
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              2 hours ago

              Russia has a larger portion of state-owned industry as a holdover from the soviet era as compared to most capitalist countries, but they aren’t socialist and are dominated by capitalists. They do not have a working class state any longer.