Communism

Definition

Communism is a political and economic system in which the community, rather than individuals, owns and controls the major means of production, such as factories, farms, and businesses. The goal of communism is to create a classless, egalitarian society where wealth and resources are shared equally among all members.

5 Must Know Facts For Your Next Test

1. Communism advocates for the abolition of private property and the establishment of a classless, egalitarian society where the means of production are collectively owned and controlled by the people.
2. Karl Marx and Friedrich Engels, the founders of Marxism, believed that the capitalist system inherently exploits the working class (proletariat) and that a communist revolution led by the proletariat was necessary to overthrow the capitalist system.
3. In a communist society, the state would wither away, and decision-making power would be decentralized, with workers controlling the means of production through worker-owned cooperatives or councils.
4. Communism rejects the concept of a free market economy and instead promotes a planned economy, where the government controls the production and distribution of goods and services.
5. The implementation of communism has historically been associated with authoritarian regimes, such as the Soviet Union and China, where the state has maintained control over the economy and political system.

Review Questions

• Explain the key principles and goals of communism as outlined by Karl Marx and Friedrich Engels.
  • According to Marxist theory, the key principles and goals of communism are the abolition of private property, the establishment of a classless and egalitarian society, and the collective ownership and control of the means of production by the working class (proletariat). Marx and Engels believed that the capitalist system inherently exploits the proletariat and that a communist revolution led by the proletariat was necessary to overthrow the capitalist system and create a new social and economic order where wealth and resources are shared equally among all members of society.
• Analyze the role of the state in a communist system and how it differs from a capitalist system.
  • In a communist system, the state plays a central role in controlling and regulating the economy, as opposed to the free market system of capitalism. The communist state is responsible for the planning and distribution of resources, the ownership and control of the means of production, and the decision-making process. The ultimate goal is for the state to wither away as the classless, egalitarian society is achieved, and decision-making power is decentralized to the workers through worker-owned cooperatives or councils. This contrasts with the capitalist system, where the means of production are privately owned, and the economy is driven by market forces and the pursuit of profit.
• Evaluate the historical implementation of communism and its impact on political and economic systems.
  • The historical implementation of communism, as seen in countries like the Soviet Union and China, has often been associated with authoritarian regimes that have maintained tight control over the economy and political system. While the stated goals of communism include the creation of a classless, egalitarian society, the reality has been the concentration of power in the hands of a ruling communist party or leader. This has led to the suppression of individual freedoms, the centralization of decision-making, and the failure to achieve the promised economic and social equality. The impact of these communist systems has been mixed, with some successes in areas like industrialization and social welfare, but also significant human rights abuses, economic stagnation, and political repression.

Related terms

Marxism: The political and economic theories of Karl Marx and Friedrich Engels, which form the foundation of communism. Marxism advocates for the overthrow of capitalism and the establishment of a socialist and eventually communist society.

Socialism: An economic and political system in which the means of production, distribution, and exchange are owned and regulated by the community as a whole, typically with the goal of equal access and opportunity for all.

Proletariat: The working class or wage-earners in a capitalist society, who are exploited by the bourgeoisie (the capitalist class) according to Marxist theory.