Communism is the philosophical, social, political and economic ideology and movement whose ultimate goal is the establishment of the communist society,
I admit I don't know much about it, but I recall that Jane Fonda was a big proponent of communism.
More so ,it's is a socioeconomic order structured upon the common ownership of the means of production and the absence of social classes, money and the state.
How similar is it to socialism?
Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production, as well as the political theories
I would think common ownership from communism and social ownership from socialism are the same.
Social ownership
Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership. Historically social ownership implied that capital and factor markets would cease to exist under the assumption that market exchanges within the production process would be made redundant if capital goods were owned by a single entity or network of entities representing society, but the articulation of models of market socialism where factor markets are utilized for
Communism
In political and social sciences, communism (from Latin "", "common, universal") is the philosophical, social, political, and economic ideology and movement whose ultimate goal is the establishment of the communist society, which is a socioeconomic order structured upon the common ownership of the means of production and the absence of social classes, money, and the state.
Communism includes a variety of schools of thought, which broadly include Marxism and anarchism (anarcho-communism), as well as the political