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 ?
Today we are engaged in a final, all-out battle between communistic atheism and Christianity.
The newly acquired democracy, after more than 40 years of communistic regime, brought a deep economic crisis, unemployment and inflation.
Aleksandar Comovski, one of the most experienced journalists in A1 TV was the last one to shut down the reflectors in the studio and stressed that the television is silenced in a rigid, communistic, police manner.
A self-identified socialist, Gilman was twice investigated by the FBI as a "person of eminence" who had authored "several Communistic songs as well as a lot of socialistic articles and books" (qtd.
Like wounded animals they retreated to their caves to lick their wounds, waiting only for the moment to arise when the British public were vulnerable to their particular brand of scare-mongering and communistic rhetoric.
If it had not been for Mrs T practically the whole of the nation's newspaper industry would have been closed down by the communistic print barons whose outrageous demands and Spanish practices made a mockery of industrial workings and it took courage to take that lot on as I well know because I worked in the newspaper industry from leaving school.
In contrast to the work at the aforementioned commercial gallery in Chelsea, which took aim at a capitalistic, image-saturated society, this show, titled "Anti-Prow," tackled communistic ideals.
So today there are social democracies in Western Europe and elsewhere which have co- opted Communistic concerns for the underclass even as they kept the coordinates of their free market system intact.
Formation of the collection started in 1950s by initiative of First Secretary of Kyrgyz SSR Communistic Party Iskhak Razzakov.
I want a tightly run ship " Film maker Michael Winner "The French undoubtedly have annoying communistic tendencies and their idea of what constitutes a proper breakfast for a grown man is frankly pitiable" James May of Top Gear fame "The foreign press have written that I hate women.
In Albania as in all the countries of the ex-Eastern block, where communistic regimes were set up for several decades, is obvious the difference between the banknotes, that were in circulation before and after the collapse of the "dictatorship of the proletariat".