What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning under the general will or that of free-market allocations.

About This Quote

The word communism is derived from the Latin communis, which means common. It is a set of beliefs and values that people share together. The core belief of communism is that the group or class has more value than any of its individual members. Communism is an economic and social system of government and operated by the workers and the labor unions.

Those who believe in communism believe that the society should be organized through a centralized network of state-run enterprises and organizations governed by a single political authority. There is no private ownership in it. Thus the whole society works on one principle: “From each according to his ability, to each according to his needs."

Source: The Ethics Of Authenticity

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