Communism vs. Socialism: What’s The Difference? | NowThis World

Summary:
Communism doesn't work because the incentives are all wrong, but some capitalism with some socialism can, in fact, this seems to be most successful type of economic system (Scandinavia). And MMT could make it even easier to implement.Imagine in tribal times you're a great hunter, and you get all the glory (competition, individualism) but one day you're badly hurt and can't hunt for a while. Rather than perish, the tribe takes care of you and your family (social security, welfare) and then when you recover you become a great hunter again. [embedded content]

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