Anonymous A. answered • 08/22/22
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Communism as described by Marx and Engel would eventually abolish the state, resulting in individuals living in harmony and exchanging goods and being economic equals. This is communism perfected, but not practiced. In reality, the USSR’s version of communism was a classic depiction of the have and have-nots. You were either a member of the party and privilege to niceties or you were not a member and relied on the same centrally controlled services and goods as everyone else. Since private property was not a tradable asset in the USSR, some individuals would turn to bribery and extortion of those breaking from the party orthodoxy and ensure they were kept in the good graces of the politburo and NKVD. Your currency was your loyalty and what you could provide to the state. The People’s Republic of China is the largest government controlled by a communist party and they allow for private property rights, however, the PRC is incredibly invasive into the lives of its citizens as well as the relationship between the government and businesses in China. Whether it be ownership of the government or officials of certain PRC firms or the ability to influence companies through legal means, there is certainly a bit of central planning by the Communist Party.
