Difference Between Socialism and Nationalism (With Table)

Various types of political philosophies are present, and out of these are socialism and nationalism. These two religions are the two most common ones which are followed worldwide by many people. Both these religions have their differences based on how people follow them and in what context they are followed.

Socialism vs Nationalism

The difference between socialism and nationalism is that the terms socialism is an ideology that is strictly based on how people live their socioeconomic lives in an organized form every day, and on the other hand, the term nationalism denotes a sense of imagination of a group of people that is a community that may or may not take a form of ideology.

The term socialism is an ideology that observes that the government is the one that has control over all the industries in a country. This means the authority or Power does not lie in the hands of any individual or any person. The responsibility of running the society to ensure that there is no existence of any kind of capitalist is the duty of the state government.

The term Nationalism is an ideology that aims at enhancing the community of a people to be existing in a modern society with systematic work in conditions. Earlier in the olden times, the main of nationalism was to organize into different types of groups of people based on people’s affinity of birth.

Comparison Table Between Socialism and Nationalism

Parameters of ComparisonSocialismNationalism
Number of letters This is a seven-lettered word.This is an eleven-lettered word.
FreedomIn this, one does not have control of a body and cannot freely move accordingly.This has free entry and exit in markets.
ManagementThis is completely owned and managed by the government for the people.This is completely owned and managed by a group of individuals having one common motto.
AdvantageHaving equality in the economy for people is the main advantage.Bringing in love and self-respect for one’s nation is the main advantage.
DisadvantageThe need for payment of high tax rates by people is the main disadvantage.Conflict leading to wars is the main disadvantage.

What is Socialism?

The term socialism is an ideology that observes that the government is the one that has control over all the industries in a country. This means the authority or Power does not lie in the hands of any individual or any person. The responsibility of running the society to ensure that there is no existence of any kind of capitalist is the duty of the state government.

There were many advantages of bringing in Socialism in an economy, such as socialism brings about equality in the economy in people as there is an equal and fair amount of income distribution to each person. There is a very low rate of unemployment which is observed under socialism with the maximum amount of proceeds of goods and services, which helps in meeting the needs of common people.

There were also many disadvantages of bringing in socialism in an economy such as there is very less rate of freedom for people to trade, there may sometimes also be observed lack incentives which demotivate people working for their living, the government in charge may also charge high rates on taxes for the people last but not least the government is the body that decides the allocation of resources which turn unfair.

What is Nationalism?

The term Nationalism is an ideology that aims at enhancing the community of a people to be existing in a modern society with systematic work in conditions. Earlier in the olden times, the main of nationalism was to organize into different types of groups of people based on people’s affinity of birth.

There are many advantaged of nationalism, such as it helps to maintain and help to preserve the national culture, it helps to bring the nation together, and bring unity in the people for their nation, and creating a sense of love and affection towards it. It brings in kind self-respect towards citizens for their nation.

There are also certainly disadvantaged of nationalism which includes having a feeling of loneliness or a sense of separation in people’s minds which would lead in having socioeconomic clashes. This can lead to wars and chemical or even bio war. The famous saying of Haynes has proved by saying that nationalism can only be a curse in today’s generation.

Main Differences Between Socialism and Nationalism

  1. There are 9 letters in the word socialism, and on the other hand, there are 11 letters in the word nationalism.
  2. By following socialism, one does not have the control of a body and is not freely able to move accordingly, and on the other hand, following nationalism has free entry exit in markets.
  3. By the following, socialism is completely owned and managed by the government for the people, and on the other hand, by the following nationalism is completely owned and managed by a group of individuals having one common motto.
  4. Having equality in the economy for people is the main advantage when socialism is carried out, and on the other hand, bringing in love and self-respect for one’s nation is the main advantage of carrying out nationalism.
  5. Need to pay high tax rates by people is the main disadvantage that is observed when socialism is carried out, and on the other hand, conflict leading to wars is the main disadvantage that is observed when nationalism is nationalism is carried out.

Conclusion

Both these terms that are the socialism and nationalism, have different aims and carry out their functioning in an entirely different way from each other. It is very essential for each person in this world to know what kind of economy is followed in their country and should know the difference between socialism and nationalism too.

From all the existing ideologies in the world, even though they do observe to have some similarities, they do have vast differences between them, which cannot be ignored. One should know the basic differences between socialism and nationalism. These ideologies play an important role in the functioning of people’s lives too.

References

  1. https://books.google.com/books?hl=en&lr=&id=i9ZWCgAAQBAJ&oi=fnd&pg=PR9&dq=socialism+vs+nationalism&ots=NWprz3mQH_&sig=Fa3rnQw0RYFYI9uNgm3Jyi2RWpk
  2. https://books.google.com/books?hl=en&lr=&id=gmCFCwAAQBAJ&oi=fnd&pg=PP1&dq=socialism+vs+nationalism&ots=0zN-m_48nb&sig=OnFa-mGE0fPXIscVe-w–_SmRWs
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