communism

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communism

a political and economic doctrine that advocates that the state should own all property and organize all the functions of PRODUCTION and EXCHANGE, including LABOUR. Karl MARX succinctly stated his idea of communism as ‘from each according to his ability, to each according to his needs’. Communism involves a CENTRALLY PLANNED ECONOMY where strategic decisions concerning production and distribution are taken by government as opposed to being determined by the PRICE SYSTEM, as in a market-based PRIVATE ENTERPRISE ECONOMY. China still organizes its economy along communist lines, but in recent years Russia and other former Soviet Union countries and various East European countries have moved away from communism to more market-based economies.
References in periodicals archive ?
How gloriously ironic that our commies could back a man who made his name and money selling and promoting the greatest brand of American capitalism.
The commies almost fooled us into thinking they cared about individual freedoms.
As for the insidious commie plaque, it now reposes in a Statehouse vault.
We've been joining leagues for years but now is the right time to take our team to the next level just like raising the level of our brand,' said Jawbreakers team owner Commie Zark Espina-Varona on Friday.
He used every insult his unimaginative brain could think of and even tried to impress the commie mob with a pathetic attempt at wit.
uk FIVE SOVIET CAROLS Away in a Gulag We Three Kings Of Orient Are Imperialist Enemies of the State Kremlin The Bleak Midwinter O Commie, All Ye Faithful Marx's Boy Child
Remember that American mantra exhorting soldiers to 'Kill a Commie for Christ'?
ONCE THE COLD WAR WAS OVER, ENVIRONMENTALISTS RECLAIMED THE FLUORIDE "THREAT" BY REFRAMING IT AS A CAPITALIST RATHER THAN A COMMIE PLOT.
As an old Coldstreamer in Malaya on the Commie Campaign in the 1950s I was wounded.
Our brave, stalwart President and his loyal band of altruistic acolytes, who ignored the weak, doddering, and senile protestations of the entire Commie Pinko Yellow Rat Bastard World by taking this country into a preemptive war based on charges of weapons of mass destruction that mysteriously never materialized?
Failing to engage and never expanding on the complex issues of possible child-abuse or the fear instilled by the McCarthy era Commie witch hunts, the film tries too hard to be subtle.