Search results
Results From The WOW.Com Content Network
Communism (from Latin communis, 'common, universal') [1] [2] is a 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 allocates products to ...
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. [145] [146]
Authoritarian capitalism, or illiberal capitalism, is an economic system in which a capitalist market economy exists alongside an authoritarian government.Related to and overlapping with state capitalism, a system in which the state undertakes commercial activity, authoritarian capitalism combines private property and the functioning of market forces with repression of dissent, restrictions on ...
The history of communism encompasses a wide variety of ideologies and political movements sharing the core principles of common ownership of wealth, economic enterprise, and property. [1] Most modern forms of communism are grounded at least nominally in Marxism, a theory and method conceived by Karl Marx and Friedrich Engels during the 19th ...
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 with free ...
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 ...
A communist state, also known as a Marxist–Leninist state, is a one-party state in which the totality of the power belongs to a party adhering to some form of Marxism–Leninism, a branch of the communist ideology. Marxism–Leninism was the state ideology of the Soviet Union, the Comintern after its Bolshevisation, and the communist states ...
The primary difference between socialism and capitalism is the role of government. In socialist economies, a central body — the government — owns and controls the society’s assets, firms and ...