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.
These religions differ based on how people follow them and in what context they are followed.
Key Takeaways
- Socialism is a political ideology that advocates for collective ownership and control of the means of production; nationalism is a political ideology that emphasizes the importance of national identity and sovereignty.
- Socialism is focused on the welfare of the entire society and reducing income inequality; nationalism is focused on the nation’s welfare and preserving its cultural identity and independence.
- Socialism is associated with left-wing politics, while nationalism is with right-wing politics.
Socialism vs Nationalism
Socialism defines the living style of people. It depicts their organized day-to-day routine. Government has all the power and control in socialism. Nationalism helps in maintaining the culture of the nation. It also helps in bringing the people of the nation or community together. Nationalism is managed and controlled by a group of people.
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 any individual or person’s hands.
The responsibility of running the society to ensure that there is no existence of any capitalist is the duty of the state government.
The term Nationalism is an ideology that aims at enhancing a people’s community to exist 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
| Parameters of Comparison | Socialism | Nationalism |
|---|---|---|
| Number of letters | This is a seven-lettered word. | This is an eleven-lettered word. |
| Freedom | In this, one does not have control of a body and cannot freely move accordingly. | This has free entry and exit in markets. |
| Management | This 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. |
| Advantage | Having equality in the economy for people is the main advantage. | Bringing in love and self-respect for one’s nation is the main advantage. |
| Disadvantage | The 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 any individual or person’s hands.
The responsibility of running the society to ensure that there is no existence of any capitalist is the duty of the state government.
There were many advantages of bringing in Socialism into an economy, such as socialism bringing 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 meet common people’s needs.
There were also many disadvantages of bringing in socialism into an economy, such as there is very less rate of freedom for people to trade, there may sometimes also be observed lack of 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 a people’s community to exist 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 advantages of nationalism, such as it helps to maintain and help to preserve the national culture, it helps to bring the nation together, brings unity in the people for their nation, and creates a sense of love and affection towards it.
It brings in kind self-respect towards citizens of 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
- There are 9 letters in the word socialism, and on the other hand there are 11 letters in the word nationalism.
- By following socialism, one does not have control of a body and is not freely able to move accordingly, and on the other hand, following nationalism has free entry and exit in markets.
- 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.
- 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.
- The 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.
- https://books.google.com/books?hl=en&lr=&id=i9ZWCgAAQBAJ&oi=fnd&pg=PR9&dq=socialism+vs+nationalism&ots=NWprz3mQH_&sig=Fa3rnQw0RYFYI9uNgm3Jyi2RWpk
- 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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