SOCIALISM:
Implemented partly in countries such as the kingdoms of Norway and Sweden and the Republic of Finland, aims to retain some private property rights, and attempts to close the gap between social classes, while keeping the practice of money and wages, acting as the transition phase between full capitalism and marxism-leninism
COMMUNISM:
Implemented in the People's Republic of China, the Union of Soviet Socialist Republics, Cuba, and the Democratic People's Republic of Korea, completely stateless, classless, and moneyless. Although communist states like Cuba and China still use money, pure communism, according to later Marxist theory.