Communism
and socialism are umbrella terms referring to two left-wing schools of economic thought; both oppose capitalism, but socialism predates the "Communist Manifesto," an 1848 pamphlet by Karl Marx and Friedrich Engels, by a few decades.
Socialists do not believe in property ownership by an individual. All property is owned by the collective. A populist economic and political system based on the public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery, tools and factories used to produce goods that aim to directly satisfy human needs. Socialists trust the government to supply the products they need for daily living, their job, housing, education, and medical care.
NOTE: Why did Venezuela fail so horribly? The government, the people trusted to take care of them, decided not to purchase goods and services and kept the profits.
Liberals
believe in government action to achieve equal opportunity and equality for all. It is the duty of the government to alleviate social ills and to protect civil liberties and individual and human rights. Believe the role of the government should be to guarantee that no one is in need. Liberal policies generally emphasize the need for the government to solve problems.
In general, Liberals believe a doctor should earn/make the same amount of income as someone who cleans bath rooms for a living. Even though the doctor spent 8 to 10 years studying for their position, while the bath room cleaner may or may not have seen the inside of any college, let alone take any class.
In other words, liberals want MORE government control of the people. Liberals, Socialists and Communists believe a central government should take care of the people.
Conservatives believe the role of government should be to protect the freedom of the people necessary to pursue their own goals. Conservative policies generally emphasize empowerment of the individual to solve problems. Conservatives understand that humans are not equal, each and every person has skills and abilities, that others may not.
However, with Capitalism comes great responsibility. Each individual is responsible for ensuring that when they exercise their rights, freedoms, or liberties they do not infringe or violate the rights, freedoms, or liberty of others. Sometimes it is up to the individual to protect them self, their property, their family, and those who can not protect them self. That is why the US Constitution was written the way it was.
Anyone who doesn’t understand socialism can get an idea from this.
A young woman was about to finish her first year of college. Like so many others her age, she considered herself to be a very liberal Democrat, and was very much in favor of the redistribution of wealth .She was deeply ashamed that her father was a rather staunch Republican, a feeling she openly expressed. Based on the lectures that she had participated in, and the occasional chat with a professor, she felt that her father had for years harbored an evil, selfish desire to keep what he thought should be his.
One day she was challenging her father on his opposition to higher taxes on the rich and the addition of more government welfare programs. The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father. He responded by asking how she was doing in school.
Taken aback, she answered rather haughtily that she had a 4.0 GPA, and let him know that it was tough to maintain, insisting that she was taking a very difficult course load and was constantly studying, which left her no time to go out and party like other people she knew. She didn’t even have time for a boyfriend, and didn’t really have many college friends because she spent all her time studying.
Her father listened and then asked, “How is your friend Audrey doing?” She replied, “Audrey is barely getting by. All she takes are easy classes, she never studies, and she barely has a 2.0 GPA. She is so popular on campus; college for her is a blast. She’s always invited to all the parties, and lots of times she doesn’t even show up for classes because she’s too hung over.”Her wise father asked his daughter, “Why don’t you go to the Dean’s office and ask him to deduct a 1.0 off your GPA and give it to your friend who only has a 2.0. That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA.”
The daughter, visibly shocked by her father’s suggestion, angrily fired back, “That wouldn’t be fair! I have worked really hard for my grades! I’ve invested a lot of time, and a lot of hard work! Audrey has done next to nothing toward her degree. She played while I worked my tail off!”
The father slowly smiled, winked and said gently, “Welcome to the Republican party.”
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