Communism as an Economic System

Communism As An Economic System

Communism (from Latin communis) encompasses various schools of thought, broadly including Marxism and anarcho-communism, and the political ideologies clustered around both, which share an analysis that the present order of society is due to capitalism, its economic system, and its modes of production, that there are two main social classes under capitalism, the relations between those two classes are exploitative, and that the situation can be eventually resolved through a social revolution. Communism (from Latin communis includes a variety of schools of thought which broadly include Marxism and anarcho-communism as well as the political ideologies grouped around both, all of which share the analysis that the current order of society stems from capitalism, its economic system and mode of production society capitalism, its economic system and mode of production, namely that in capitalism there are two major social classes, the relationship between these two classes is exploitative, and that this situation can only ultimately be resolved through a social revolution. Communism (from Latin communis, acommon, universal) is an extreme left-wing philosophy, societal, political, and economic ideologies, which aim at establishing communist social orders, which are structured on the basis of common ownership or common property, including the means of production, the lack of the state. As an ideology, Communism embraces social, political, and economic attributes that seek to establish a society of equality free from social classes, money, and states. Communism is a political and economic ideology that positions itself against liberal democracy and capitalism, advocating instead a classless system where the means of production are owned collectively and private property is absent or greatly restricted.

Communism is a political doctrine which seeks to transition a profit-based economy and private property into social ownership, with the economy controlled by the community, mostly on production. Communism, a political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and community control of at least the main means of production (e.g., mines, mills, and factories) and the natural resources of society. Communism is a political ideology which holds that societies can attain complete social equality through elimination of private property. Definition of Communism, a theory or system of social organization that is based on the common ownership of all property, with effective ownership assigned either to the community at large or to the state.

According to the Encyclopedia Britannica, Communism is a political and economic system whereby major productive resources of society–such as mines, factories, and farms–are owned either communally or by the state, with wealth divided between citizens on an equal basis or according to personal needs. Communism is a social and economic system in which a community owns and controls a nations commerce and industry. The major difference is that in Communism, the majority of property and economic resources are owned and controlled by the state (rather than by individual citizens); in socialism, all citizens equally share in economic resources, which are allocated by democratically elected governments. In practice, however, attempts at building communism ended in creating a state – run, authoritarian economies and regimes that benefit a political elite of one party who is unaccountable to the people or communities.

Once an economic system of communism is established, the need for governments will no longer exist, because everyone will work together for the greater good. In the meantime, however, Karl Marx felt there would need to be some kind of political system before communism emerged from the ashes of socialist revolution–a temporary, transitional state which should be administered by the people themselves. In fact, Karl Marx believed that when that communism emerged, it would gradually remove the need for any kind of state, government, or economic system entirely. The communist system would replace capitalism as the mode of human production, via workers revolutions.

Karl Marx’s goal was to bring down a single class, the proletariat, and thereby to replace capitalism in the process with communism. German theorist Karl Mark Engels (1820-1895) created an alternative economic and political system called communism. While Karl Marx may have provided a complete basis for the concept of communism, ideologies changed over the next few years, with leaders such as Vladimir Lenin (Leninism), Joseph Stalin (Stalinism), Mao Zedong (Maoism), and others trying to enact communism as a practical system of government. Communist ideology is mostly based on the philosophy of Karl Marx’s revolutionary communism.

Communism was developed by Karl Marx and Friedrich Engels, and is the opposite of capitalism, which relies on democracy and capital formation for forming a society. According to German philosopher Karl Marx, socialism is the necessary intermediate stage between capitalism and an ideal communist economy. In The State and the Revolution (1917), Lenin asserted that socialism corresponds to the first stage in Karl Marx’s communist society, while communism is appropriate for the second stage. Marxist Communism (MarxismMarxismMarxism is an analytic conception concerning the social, economic, and political philosophy which explores the problematic character of capitalism) was founded by Karl Marx, who laid the theoretical and scientific basis for communism.

Karl Marx imagined a gradual appearance of an egalitarian type of utopia–communism–that would see the eradication of elitism and the homogenization of the masses on economic and political lines. The German philosopher did not want there to be any differences between the economic classes, and wanted to see class struggles eliminated. Marx detested capitalism as the proletariat was exploited and unjustly represented in politics, and as capitalism allowed a disproportionate amount of power to the bourgeoisie. Karl Marx’s aim was to promote a system which promoted a classless society, where all shared in the benefits of labor, and where the government controlled all property and wealth.

Its failure in 1989-90 has been widely celebrated as evidence that communism does not work, but that notion is predicated on a flawed notion that communism means the Soviet system. The Soviet system has come to represent communisms most widely used sense.