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Communism (from Latin communis, 'common, universal') [1] [2] is a left-wing to far-left sociopolitical, philosophical, and economic ideology within the socialist movement, [1] whose goal is the creation of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange that ...
Finance capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. In their critique of capitalism, Marxism and Leninism both emphasise the role of finance capital as the determining and ruling-class interest in capitalist society, particularly in the latter stages.
t. e. In Marxist thought, a communist society or the communist system is the type of society and economic system postulated to emerge from technological advances in the productive forces, representing the ultimate goal of the political ideology of communism. A communist society is characterized by common ownership of the means of production ...
Ye Xiaowen on the role of Marxist thought. Main article: Maoism Marxism–Leninism was the first official ideology of the Chinese Communist Party, and is a combination of classical Marxism (the works of Karl Marx and Friedrich Engels) and Leninism (the thoughts of Vladimir Lenin). According to the CCP, "Marxism–Leninism reveals the universal laws governing the development of history of human ...
Bolshevism (derived from Bolshevik) is a revolutionary socialist current of Soviet Leninist and later Marxist–Leninist political thought and political regime associated with the formation of a rigidly centralized, cohesive and disciplined party of social revolution, focused on overthrowing the existing capitalist state system, seizing power ...
Capitalism, Socialism, and Democracy is a book on economics, sociology, and history by Joseph Schumpeter, arguably his most famous, controversial, and important work. It's also one of the most famous, controversial, and important books on social theory, social sciences, and economics —in which Schumpeter deals with capitalism, socialism, and creative destruction.
Marxism–Leninism ( Russian: Марксизм-ленинизм, Marksizm-Leninizm) is a communist ideology that became the largest faction of the communist movement in the world in the years following the October Revolution. It was the predominant ideology of most communist governments throughout the 20th century. [1] It was developed by ...
Economic history. Capitalism is an economic system based on the private ownership of the means of production, and their operation for profit. Other characteristics include free trade, capital accumulation, voluntary exchange, wage labor, etc. Its emergence, evolution, and spread are the subjects of extensive research and debate.