Communism

A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members. A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people. The Marxist-Leninist doctrine advocating revolution to overthrow the capitalist system and establish a dictatorship of the proletariat that will eventually evolve into a perfectly egalitarian and communal society. (Worknik)