CONFUCIANISM, COMMUNIST IDEOLOGY AND MAKING CHANGES IN THE PARTY - China | Facts and Details
Socialism is a political system based on the concept that businesses and industries better serve the people if they are owned and operated by the workers and state. The idea sprung up during the Industrial Revolution, when gross inequalities and hardships caused by private ownership, were plain for all to see. In the 18th and 19th centuries a number of "utopian" philosophers offered idealist views of the world based on socialism. The word "socialism" first appeared in a cooperative journal in 1827.
Socialists viewed the profit motive as something inherently evil and selfish; and saw capitalists as evil people who would do anything to keep the wages of workers low so they could enrich themselves and live comfortably while workers suffered and lived in poverty. Socialists were generally regarded as reformers who made socialist reforms within the frameworks of existing governments, preferably democratic ones.
Communism is a extreme form in Socialism in which workers seize control of the government by revolution, and create a "dictatorship of the proletariat" in which there is no private property and the state (and thus the people) own everything. Workers and farmers are organized into communes or communal work units, hence the tern "Communism."
Is the US on its way to Communism with the 2012 selection. It reached Socialism with the 2008 selection.
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