Communism has been one of the most influential economic theories of all times aptly summed up by the line, ‘From each according to his ability, to each according to his needs.’ While at first instance it appears to have paved a path for an idealistic utopian world, but if judged historically, communist regimes failed to meet their intended utopias of equality. With more and more of the world becoming privatized, commodified, exploited, and alienated, future appeared grim. The stringent policies propagated in the communist ideology have been an issue of contention and conflict around the world leading to dictatorial style leadership and creation of secretive, closed-door societies and culture wherein the subjugation of masses is the universal truth.
Yet, like a flickering glow of a lighthouse for a sinking ship caught in the tempest, communism has also been instrumental ushering in growth and development for many. So what is the idea of communism all about? What are its merits and evils? What happens when an ideology like communism is put into practice? Where does it stand in the 21st century? Read this interesting module to find out!