Socialist mode of production

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The socialist mode of production, for Karl Marx, is the mode of production in which production is organized in a socialist economy. Marx's theory defined the system as the most developed of all.

The socialist mode of production, in other words, refers to a production system in which the means of production are based on social and not private property.

That is, for Marx, the means of production in a capitalist society were in the hands of a ruling class that exploits the proletariat. Thus, the socialist mode of production succeeded the capitalist mode of production, providing workers with the means of production to generate more just societies focused on social and collective benefit.

For Marx, the socialist mode of production was the mode of production achieved by those more developed and advanced societies.

Thus, Marx considered the socialist mode of production as the tool to succeed the capitalist system. For this, for him, was deficient and presented great difficulties.

Characteristics of the socialist mode of production

For Marx, the mode of production on which the socialist system was based stood out among its characteristics the abolition of private property. However, in addition to this characteristic, his theory includes another series of characteristics that we will see below.

  • Collective property.
  • Egalitarian systems.
  • Economic, social and political equality.
  • Suppression of competition.
  • Planned economy.
  • Price fixing.
  • Total and absolute economic control.
  • Work and salary depending on the needs.
See all production modes

The capitalist mode of production and the socialist mode of production

For Marx, the modes of production followed a chronological succession, as long as society was developing. Thus, for Marx, the socialist mode of production was the way in which production was organized in those societies with the highest degree of advancement.

The disappearance of the capitalist mode of production led to the suppression of the class struggle. In this sense, the worker owned the means of production, preventing the ruling class from generating capital gains through the labor force of third parties.

Therefore, Marx regarded it as a more advanced phase than the capitalist one. Because the cyclical crises that he considered that this system had to face, made it an outdated system for the long term.

However, as there were no tensions within the socialist mode of production, Marx believed that it was a longer-lived system than the capitalist one. In addition, a system in which equality and a social objective morally superior to the predecessors were pursued.

Criticism of the concept

Among the most common criticisms of the concept, we can highlight several scenarios that the author's detractors pointed out regarding the proposal.

Criticisms such as the lack of incentives at work, when talking about egalitarian systems. Also the loss of economic freedom, since we are talking about systems in which there is no freedom for private initiative. On the other hand, also the concentration of power in the hands of the State.

Many criticisms that focus on that state power that society loses. Criticisms, too, such as the inadequate allocation of resources by the State. Also the inability of the State to control the prices of all resources, goods and services. In short, a series of criticisms that have occurred since the publication of the work of Marx and his partner Engels.

Slave production mode Asian production mode Origin of socialism

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