COMMUNISM

QUADRANT IV
COMMUNISM
• Communist manifesto published by Karl Marx and
Friedrich Engels in 1848.

• Private Property - Public Ownership

• A form of socialism

• Distinction with socialism rests largely on the communists’

adherence to the revolutionary socialism of Karl Marx
 HISTORY
• “Inspired” by German economist and philosopher Karl Marx and Friedrich Engels who published
‘The Communist Manifesto’ calling for a working-class revolt against capitalism.

• Started in 1917 Russia and became a global revolution

• Communism launched from Lenin’s October Revolution and spread to China with Mao Zedong’s
rise to power and to Cuba, with Fidel Castro’s takeover.

• It was the ideology behind one side of the Cold War and saw a symbolic decline with the fall of
the Berlin Wall.
ADV 1. It works effectively as a centrally-planned
economy.
2. It can transform the shape of an economy to the
vision of the leader.

ANT
3. It creates equality on a level that capitalism can
never offer.
4. It allows for employment opportunities to be given
out to everyone.
5. It provides additional educational opportunities to

AGES
the general public.
6. It creates stronger social communities.
1. The government owns everything, including
property, businesses, and production means.
2. There is no freedom of speech.
DIS
ADV
3. Central planning is challenging to achieve in a
communist government.
4. Efficiency and productivity are difficult since
there is little motive for workers.

ANT
5. The needs of the consumer are not taken into
consideration.
6. Diverse populations may be challenging to govern
with their need for different rules.

AGES
7. Internal balances for supply and demand may be
impossible to achieve.
 CHARACTERISTICS

1. Abolition of power property

2. Collective ownership of means of production
3. Central planning
4. Elimination of unfair gaps in incomes
5. Provision of necessaries of life
WHO PRACTICES COMMUNISM?
1. People’s Republic of China
2. Democratic People’s Republic of Korea (North Korea)
3. Socialist Republic of Vietnam
COMMUNISM
VS
SOCIALISM
CONCLUSION