Communism Case Study

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Communism is an - Economic and social (system) in which all (or nearly all) property and resources are collectively owned by a classless society and not by individual citizens. Communism is Based on the 1848 publication ‘Communist Manifesto’ by two German political philosophers, Karl Marx (1818 – 1883) and his close associate Friedrich Engels (1820-1895), it envisaged common ownership al land and capital and withering away of the coercive power of the state .

Introduction
An economic system must solve the main ‘economic problem’ of a scarcity of resources matching unlimited wants and how to allocate these resources. Within different political and economic systems there are many different theories of how best solve the economic problem. For example; In free market economies;
• What- goods and services are made and how much is decided by customer sovereignty.
• How – the goods and services are made are chosen by the producer, often choosing resources which will give them a competitive edge over other companies. Such as the choice of cheap labour or mass production.
• Whom – Is dictated by those living in the market and the income (money each household brings in to depict which goods they buy) each they produce.

The larger free market economies in the world …show more content…

Mao Zedong left home at an early age to become a member of the Chinese Nationalist party. The 1900s was a significant upheaval of revolts, and many people took to the idea of communism including Mao Zedong who was introduced to Marx communistic philosophies and was highly influenced. Zedong on leaving the nationalist party then co-started a society for those interested in Marxism. This society shortly became the communist party in which Zedong led until the end of the revolution where the nationalists were defeated leaving Zedong in power. Zedong control of China was not complete till 3 revolutions later and the conclusion of World War

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