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What is communism in economics?

What is communism in economics?

Author of Reappraising Political Theory and others. See Article History. Communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society.

What is communitarianism?

Communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society. Communism is thus a form of socialism —a higher…

Why is communism considered an advanced form of socialism?

Because of its opposition to both democracy and capitalism, communism is considered by its advocates to be an advanced form of socialism . Communism is a social and political ideology that strives to create a classless society in which all property and wealth are communally-owned, instead of by individuals.

What is a synonym for communism?

Synonyms & Near Synonyms for Communism. collectivism. bolshevism, Leninism, Marxism, Sovietism, Stalinism. leftism.

Where does communism come from?

Since then, communism has been largely, if not exclusively, identified with the form of political and economic organization developed in the Soviet Union and adopted subsequently in the People’s Republic of China and other countries ruled by communist parties.

What is left-communism?

Left communism is the range of communist viewpoints held by the communist left, which criticizes the political ideas and practices espoused, particularly following the series of revolutions that brought World War to an end by Bolsheviks and social democrats.

What is the ideology associated with communism?

During the Cold War, Marxism–Leninism was the ideology of the most clearly visible communist movement and is the most prominent ideology associated with communism.