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Principles of communism

Updated: 3/23/2024
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Communism is a socio-economic system where the means of production are owned collectively and goods and services are distributed based on need. Key principles include the abolition of private property, classless society, and the idea of "from each according to his ability, to each according to his needs."

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1. Abolition of Private Property

2. Progressive tax

3. Abolition of
Rights of Inheritance

4.Confiscation of theproperty of all emigrants & rebels

5.Central Bank

6.Government Ownership of Communication and Transportation

7. Government Ownership of Factories and Agriculture

8. Government Control of Labor

9.Corporate Farms and Regional Planning

10.Government Control of Education

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