The Socialist Party repudiates any differentiation between socialism and communism. Socialism is communism, and vice versa. The words socialism and communism have the same meaning. Both entail the total abolition of money, buying and selling, and the wages system, a complete breach, both in practice and in ideas, with capitalism. They indicate a condition of society in which the wealth of the community: the land and the means of production and distribution are held in common, production being for use and not for profit. The community will ascertain what are the requirements of the people in food, clothing, housing, transport, educational and cultural facilities. Food, clothing, housing, transport, sanitation — these come first. Then will follow the luxuries.
It means the community must set itself the task of providing rather more than the people can use of all the things that the people need and desire, and of supplying these when and as the people require them. Socialism shall satisfy material needs without stint or measure from the common storehouse, according to individual and social desires. Private property, beyond that which is in actual personal use, will disappear. Everyone will be able to have what he or she desires in food, in clothing, education and travel. The abundant technology now possible removes any need for rationing or limiting of consumption. None will desire to hoard commodities not in use, since a fresh supply may be obtained at will.
In socialism, people will be free to co-operate, producing, inventing, studying, not under the compulsion of law, or poverty, or the incentive of individual gain, but from deliberate choice and with a zest for achievement. Socialism will provide the material and spiritual conditions which will make voluntary co-operative labour possible.