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Clarifying profit.

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Dessalines 2017-07-09 18:01:48 -07:00
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glossary_of_socialist_terms.md
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| Term | Definition |
| ---------------------------------------- | ---------------------------------------- |
| [Capitalism](https://en.wikipedia.org/wiki/Capitalism) | A system that allows private individuals to own the means of production, with the goal of extracting a profit from the sale of commodities produced by wage workers. |
| [Profit / Surplus Value](https://en.wikipedia.org/wiki/Surplus_value) | The difference between the value a worker adds, and the value that they receive and are able to use for themselves. This surplus value goes to another leeching party that controls production(capitalists, slavemaster, etc). `Surplus Value = Worker Value Added - Wage Paid`. Synonymous with unpaid labor, profit, exploitation, and wage theft. |
| [Profit / Surplus Value](https://en.wikipedia.org/wiki/Surplus_value) | The difference between the value a worker adds, and the value that they receive(such as a wage) and are able to use for themselves. This surplus value goes to another leeching party that controls production(capitalists, slavemaster, etc). `Surplus Value = Worker Value Added - Wage Paid`. Synonymous with unpaid labor, profit, exploitation, and wage theft. |
| [Communism](https://en.wikipedia.org/wiki/Communism) | A stateless, moneyless, and classless system where the means of production are democratically owned and controlled by the community, for the benefit of all. Wage labor is non-existent, and production is planned for human needs, rather than private profit. |
| [Socialism](https://en.wikipedia.org/wiki/Socialism) | A range of social and economic systems characterized by social ownership of the means of production. It can also mean the transitional stage between capitalism and communism, sometimes referred to as the dictatorship of the proletariet. |
| [Anarchism](https://en.wikipedia.org/wiki/Anarchism) | A political philosophy that critiques hierarchical organization, and emphasizes free assocation. The main two branches are social anarchism, and individualist anarchism. |