Can the individual accumulate wealth in a socialist or communist state?
Just curious on how one would do this if they were in an economy like these.
...Not a chance in hades. Sorry, but the whole point of Socialism and Communism is that the idividual is of little to no value. Only for the purpose of feeding the despot and the tyrant is he of use.
You sure can. Join the ruling party and learn to play the power, corruption, and graft game.
Look up on Amazon the book (short novel) "Animal Farm", by George Orwell
Accumulation of wealth is about taking risk. But it's also about spending and saving habits. So the short answer is yes. But in a society such as that, it would be far more difficult to accumulate wealth. It's also questionable what the value of that wealth might be since lifestyle also happens to be suppressed in such economic systems.
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