Karl Marx's Idea Of Communism

Countries have been up and running with different types of systems for many years. Examples of systems like this are capitalism and communism. Most countries nowadays follow the Capitalist system, but there are still communist based countries till this day. Countries such as China,Vietnam,Cuba and North Korea still follow the communist system. To summarise Karl Marx’s idea of communism, communism is a political and economic concept that strives to replace private property and a profit-based economy with public ownership and communal control of major means like factories, mines and mills. It was designed to allow the poor to succeed and achieve a higher standard of living and social status. Communism aims for the poor to have the equality of