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 ?
When Orwell was writing the novel in post-war Europe the oppression of language and self-expression within fascist and communist ideologies were a genuine concern.
He added that the communist ideologies that have dominated the state before the current Congress government assumed office, had led to Kerala losing some lucrative deals.
Some people, with too much time on their hands if you ask us, think the whole series was an exercise in promoting communist ideologies - well, the mice were constantly working in a shop that didn't seem to sell anything.