Communism & Renaissance
/ˈkɑːmjunɪzəm/ & /ˈrenəsɑːns/
French: communisme, from commun common.
A form of socialism that abolishes private ownership.
A political theory favoring collectivism in a classless society.
Revolutionary socialism based on the theories of the political philosophers Karl Marx and Friedrich Engels, emphasizing common ownership of the means of production and a planned economy. The principle held is that each should work according to his or her capacity and receive according to his or her needs.