Home > Terms > Armenian (HY) > կոմունիզմ
կոմունիզմ
The enemy of capitalism and now nearly extinct. Invented by Karl Marx, who predicted that feudalism and capitalism would be succeeded by the “dictatorship of the proletariat”, during which the state would “wither away” and economic life would be organized to achieve “from each according to his abilities, to each according to his needs”. The Soviet Union was the most prominent attempt to put communism into practice and the result was conspicuous failure, although some modern followers of Marx reckon that the Soviets missed the point.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Contributor
Featured blossaries
Marouane937
0
Terms
58
Blossaries
3
Followers
10 Of The Most Dangerous Hit-men of All Time
Category: Entertainment 2 10 Terms
Browers Terms By Category
- Prevention & protection(6450)
- Fire fighting(286)
Fire safety(6736) Terms
- Misc restaurant(209)
- Culinary(115)
- Fine dining(63)
- Diners(23)
- Coffehouses(19)
- Cafeterias(12)
Restaurants(470) Terms
- General Finance(7677)
- Funds(1299)
- Commodity exchange(874)
- Private equity(515)
- Accountancy(421)
- Real estate investment(192)