Communism: Existing Economic System of Capitalism
The Industrial Revolution in western Europe provided the context for economists and political writers of the 19th century to promote three different economic plans designed to meet the needs of workers and entrepreneurs. Communism was first proposed by Karl Marx and Friedrich Engels as a reform plan for the existing economic system of capitalism. The major tenets of communism include economic determinism, proletariat revolution, and a classless society with no need for government. Although there were many advantages including benefits […]