Communism: Economic And Political System

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Communism is an economic and political system where all (or nearly all) resources are owned by the public or the state. According to German philosopher Karl Marx, a communist system is the only way to create a truly fair society where wealth is distributed according to people’s needs. The main goal of a communist government is to abolish social classes and prevent the bourgeoisie from controlling the means of production (such as factories, mines and equipment). Similarly to communism, democratic socialism seeks to establish a socioeconomic order based on the common ownership of the means of production. While both theories portray capitalism as an inefficient and ineffective system, democratic socialists believe that society should be run in

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