As I remember, that's properly called Marxism.
Discussion
Distiction with little difference imo. One derives from the other. But yes, Im now thinking that would have a better word choice. Im on week 3 of a very summer-y summer. My brain is mush🙃
Congratulations on being able to have old-fashioned summers nowadays!🙏
I'm no scholar of polisci, but seems if we base the meaning on coercive redistribution, we lose the meaning - even ancient absolute monarchies become socialist.
In all monarchies there's a coercive redistribution from the many to the monarch and his crony elite.
I guess that's why the meaning was defined on production means ownership.