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 classic literature ?
What they had failed to take into account was this: that between them and China was no common psychological speech.
No one did so much as look at the travelers at first, except one little purple china dog with an extra-large head, which came to the wall and barked at them in a tiny voice, afterwards running away again.
so that we were a long while upon our voyage, and we were but ill provided with victuals for so long a run; and what was still worse, there was some danger that those English and Dutch ships whose boats pursued us, whereof some were bound that way, might have got in before us, and if not, some other ship bound to China might have information of us from them, and pursue us with the same vigour.
You know, as well as I do, he is going to China to make his fortune.
It was his opinion, also, that a settlement on this extremity of America would disclose new sources of trade, promote many useful discoveries, and open a more direct communication with China and the English settlements in the East Indies, than that by the Cape of Good Hope or the Straits of Magellan.
So the pretty china was repacked, Rose furled her fan, and with several parcels of choice teas for the old ladies stowed away in Dr.
China, Japan, and France have sent delegations to New York City --"the Mecca of telephone men," to learn the art of telephony in its highest development.
Sonya was in the ballroom looking after the packing of the glass and china.
Upon the mantels, and on many shelves and brackets and tables, were clustered ornaments of every description, seemingly made out of all sorts of metals, glass, china, stones and marbles.
When Alexey Alexandrovitch came into the Countess Lidia Ivanovna's snug little boudoir, decorated with old china and hung with portraits, the lady herself had not yet made her appearance.
I must tell you that I come from the furthest end of China, which is one of the largest and most powerful kingdoms in the world.
That china dog that ornaments the bedroom of my furnished lodgings.