What Is Communism. 1 The Communist Manifesto which was first published in 1848 by Karl Marx and 2 Principles of Communism by Friedrich Engels. It analyzes the different advantages and disadvantages of this economic system and explains how life is in this society.
Communism which is also described as Revolutionary Proletarian Socialism or Marxism is both a political and economic philosophy. Communist ideology is built around a model in which all means of production such as tools factories and raw materials are owned by the community as a whole. Karl Marx was born in the German Rhineland to middle-class parents of Jewish descent who had abandoned their religion in an attempt to assimilate into an anti-Semitic society.
When it was first used in the mid-19th century communism referred to an economic and political theory that advocated the elimination of private property and the common sharing of all resources among a group of people.
Communism - Communism - Marxian communism. Both assume that all goods and services will be produced by government-controlled institutions or collective organizations rather than by privately-owned businesses. Communism is a type of government as well as an economic system a way of creating and sharing wealth. Communist ideology is built around a model in which all means of production such as tools factories and raw materials are owned by the community as a whole.
