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As socialism is a way of organizing society that lies somewhere between capitalism and communism, it naturally retains properties of both systems. This is due to the [[Materialism|material]] reality of the world and, in short, that one cannot simply erase the past (capitalism and all that it built and led to) but must work with it when going through revolution. For example, the people that comprised the bourgeoisie in capitalism will still be alive and here in socialism, they are not going anywhere and the revolutionary state must decide what to do with them. The same goes for factories that were built under a capitalist framework (leading for example to highly specialised towns that were known for producing only steel and are now very poor due to the mass closing down of steel plants that happened in the [[Global North and South|Global North]]) : these are things that the revolutionary socialist state will inherit and have to work with. | As socialism is a way of organizing society that lies somewhere between capitalism and communism, it naturally retains properties of both systems. This is due to the [[Materialism|material]] reality of the world and, in short, that one cannot simply erase the past (capitalism and all that it built and led to) but must work with it when going through revolution. For example, the people that comprised the bourgeoisie in capitalism will still be alive and here in socialism, they are not going anywhere and the revolutionary state must decide what to do with them. The same goes for factories that were built under a capitalist framework (leading for example to highly specialised towns that were known for producing only steel and are now very poor due to the mass closing down of steel plants that happened in the [[Global North and South|Global North]]) : these are things that the revolutionary socialist state will inherit and have to work with. | ||
Communism can be succinctly described as the complete abolishment of [[private property]], which is specifically the [[means of production]] or, in other words, the tools, machines, resources and locations used to produce economically and socially relevant products. | Communism can be succinctly described as the complete abolishment of [[private property]], which is specifically the [[means of production]] or, in other words, the tools, machines, resources and locations used to produce economically and socially relevant products. Under socialism private property is only partially abolished. | ||
[[Personal property]], items that are relevant to private usage, exists in socialism and communism. | [[Personal property]], items that are relevant to private usage, exists in socialism and communism. |