The abolition of private property in order to equally distribute wealth and power is called communism.
What is communism?
- The political and economic concept of communism seeks to replace private property and a market-based economy with public ownership and communal management over at least a society's primary production facilities and its natural resources.
- So, according to its advocate, communism is a form of socialism that is superior to and more developed than socialism.
- a political and economic structure based on a dictatorial single-party system. Communists would abolish private property, promote businesses and factories, and equalize wealth and power
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