What are the means of production in communism?

Communist philosophy centers around the control of the “means of production” in society. This means of production is the physical and labor capital that is used to produce the different goods in society. Because each human is a product of society, anything he or she produces is also a product of society by translation.

How are products distributed in communism?

Communism is based on communal production and appropriation of surplus labor (in direct labor, product, or exchange value forms) and, as such, does not require equal distribution (as is often asserted). about the amounts of surplus produced, its form (products or labor service), and its conditions of production.

Who has discussed means of production?

Factors of production are defined by German economist Karl Marx in his book Das Kapital as labor, subjects of labor, and instruments of labor: the term is equivalent to means of production plus labor.

Where should the means of production go to?

Means of production is a Marxist term in origin. The means of production can be used to categorise the social classes into the bourgeoisie and the proletariat. The bourgeoisie own the means of production and the proletariat work the means of production.

What does it mean to seize the means of production?

Seizing the means of production kind of makes it sound like you are going to go up to other people, and then use force to rip something out of their hands. But that’s not at all what happens.

What does socialism mean to you?

Recall that the Oxford English Dictionary definition of socialism is: A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Can “socialist” companies own private property?

If “socialism” meant “worker control of the means of production,” as in a co-op, then people are perfectly free to have “socialist companies” under a laissez-faire capitalist government that protects private property rights.

What happens to new businesses after socialism?

After socialism is instituted, any new businesses that individuals have built will (or “should”) be taken over by the government or gangs, as soon as the entrepreneur attempts to hire any wage workers. In Marxist theory, wage workers form a collective entity, or “class” called the proletariat.