• folaht@lemmy.ml
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    3 hours ago

    No, they do not.

    They are two economic systems predicted by Karl Marx to be superseding capitalism,
    with communism superseding socialism.

    Socialism is what China currently is.

    Communism is thought to be like star trek.
    No one needs to use currency for their survival.
    There’s no large gap between the rich and the poor.
    Government plays a small to non-existent role.