Neoliberalism is not what I described at all. At least, not the currently accepted understanding of the term.
Communism:
A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.
A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
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From Stanford, about neoliberalism:
Though not all scholars agree on the meaning of the term, “neoliberalism” is now generally thought to label the philosophical view that a society’s political and economic institutions should be robustly liberal and capitalist, but supplemented by a constitutionally limited democracy and a modest welfare state.
Privately owned US companies that make massive profits off the capitalist system, like Stanford, obviously might not describe these things in an entirely honest way. The first definition of communism is almost correct, but the second is a common misinterpretation of communist theory.
The people who solidified communism as a political theory made a pretty clear distinction between private and personal property, as well as what they thought of landlords. Renting requires someone to own the means of production and lend it out to someone at a profit, which goes against the very foundations of communist theory.
Stanford is a renowned university. Like all successful universities worldwide, they make money. I copied some of the definition, since it’s multifaceted and long. But, the general concept is there for both terms. The fact still remains, this is a meme and not a definition of one governing system or another. The source you linked is a good one, though. Last time I sourced it, I got banned from a subreddit haha
Which one? You’re not describing any form of communism. You’re at best describing neoliberal capitalism.
Neoliberalism is not what I described at all. At least, not the currently accepted understanding of the term.
Communism:
A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.
A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
.
From Stanford, about neoliberalism:
Privately owned US companies that make massive profits off the capitalist system, like Stanford, obviously might not describe these things in an entirely honest way. The first definition of communism is almost correct, but the second is a common misinterpretation of communist theory.
The people who solidified communism as a political theory made a pretty clear distinction between private and personal property, as well as what they thought of landlords. Renting requires someone to own the means of production and lend it out to someone at a profit, which goes against the very foundations of communist theory.
Communism isn’t “the government takes all your stuff and divides it equally among people” either. I suggest reading some theory. Marxists.org is a good place to start https://www.marxists.org/subject/students/index.htm
Stanford is a renowned university. Like all successful universities worldwide, they make money. I copied some of the definition, since it’s multifaceted and long. But, the general concept is there for both terms. The fact still remains, this is a meme and not a definition of one governing system or another. The source you linked is a good one, though. Last time I sourced it, I got banned from a subreddit haha