Abstract :
This paper delves into the intricate facets of communism, a multifaceted and ideologically rich political and economic framework that has shaped societies and ignited impassioned discourse for over a century. It explores the core principles, including collective ownership, the abolition of money, the aspiration for a classless society, the common ownership of goods, and the state’s withering away. Additionally, it delves into the notion of workers’ control, a pivotal element of communism that reimagines the labor-capital relationship and calls for the working class to actively participate in decision-making processes. Drawing on a wealth of historical, theoretical, and critical perspectives, this research paper provides an in-depth analysis of these principles, offering a nuanced understanding of their origins, manifestations, practical applications, and the challenges they pose. The research elucidates communism’s critique of capitalism, emphasizing how it aims to rectify economic disparities, class-based power imbalances, and the inherent exploitation of wage labor. It explores communism’s vision of a classless society, a stateless future, and the transcendence of money as a medium of exchange. It highlights the ongoing debate surrounding the feasibility and desirability of these principles, with proponents emphasizing alternative incentives and critics underscoring potential challenges. This research paper provides a comprehensive exploration of communism’s underlying principles and their implications for socio-economic structures, decision-making processes, and governance. It underscores the enduring relevance of communism in the modern world, as societies continue to grapple with issues of economic inequality, social justice, and the pursuit of alternative models that challenge prevailing paradigms. Through a rigorous examination of the principles that underlie communism, this research paper contributes to a deeper understanding of a complex and influential ideology, offering insights into both its potential and its limitations.

Keywords :
Abolition of Money, Classless Society, Collective Ownership, Common Ownership of Goods, Communism, Economic Ideology, Political Philosophy, Socialism, Withering of the State, Workers’ Control.

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