Communism is a social and economic organizing system in which property is communally owned and every person receives wealth according to their needs and ability. Socialism is an economic theory in ...

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. Investopedia / Paige McLaughlin Communism stands ...

I have never understood why so many educated people have long been enamored by communism and socialism. Unlike democracies and republics, they, along with fascism are top-down governments which by ...