Is there a real difference between communism and socialism?
The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.
Is there communism in Norway?
The Communist Party of Norway (Norwegian: Norges Kommunistiske Parti, NKP) is a small Marxist–Leninist communist party in Norway. The NKP was formed in 1923, following a split in the Norwegian Labour Party.
Was Finland communist?
The Cold War era was the high point of Communists in Finland. Between 1944 and 1979 support of the Finnish People’s Democratic League was in the range of 17\%–24\%. Communists participated in several cabinets, but Finland never had a communist Prime Minister or President.
What are the weaknesses of socialism?
KEY Points. Disadvantages of socialism include slow economic growth, less entrepreneurial opportunity and competition, and a potential lack of motivation by individuals due to lesser rewards.
Why does the Nordic model work in Scandinavia?
The Nordic Model works in Scandinavia because it’s in Scandinavia. It’s a whole system, not just a few policies, that makes life in Scandinavian countries more like a shared journey. There are, no doubt, things that the rest of the world could learn from the region.
What is the philosophy of social socialism?
Socialism is a political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers’ self-management of enterprises. That’s pretty much what Marx and Engels came up with in the 19 th century.
What do the Scandinavian countries have in common?
While the Scandinavian countries are in many ways very different, they share a lot of common history. The styles of government aren’t identical either, but they do share some common features. The ways in which they’re similar are enough that we can talk about them collectively – scholars call this the Nordic Model.
Should Scandinavian countries adopt the US-style of capitalism?
The argument, therefore, is that if Scandinavian countries adopted a more US-style of capitalism with smaller government, they would be even more productive and richer. There could, of course, be many reasons for this. It’s clear that the Scandinavian people share a high, productive work ethic.