Communism or Capitalism - what do they mean

[Locrian]

5. thanks

good explanation

The way I usually answer is to fist ask: "what is capitalism?" Its not really just "owning the means of production".

Capitalism is M-C-M' ie the the pursuit of profit for the sake of itself above all else. It is the elevation of that above all activities.

Capitalism is NOT the quaint notion of people trading goods and services, using money as an exchange - a bunch of happy artisans working in a village. Actual usefulness is only a byproduct of that activity. The system is designed to be a never ending game of continued increase in extraction (both of human effort and natural resources) for it to survive.

I believe it (capitalism) is fundamentally unsuited in dealing with the problems ie climate change.

Socialism is "above" communism, and contains a lot of subsets that contain "Marzism" which contains different version approaches (like the Netherlands, etc).

Go to about 5:30 in the video link: