Posted inGovernment & Politics
Features of Communism | Founder, Beliefs & Criticism
Communism is a political, economic and social philosophy that seeks to establish joint ownership of the means of production and the elimination of social classes.
Communism emerges as a critique of the capitalist system that promoted the accumulation of capital as a mechanism to generate wealth, private ownership of the means of production and the use of the market as a mechanism for allocating resources.