History of Communism

Philosopher and economist Karl Marx was known for histheory of Marxism on which the modern form of communismis based. Communism can be defined as the thought ofeconomic equality where the concept of private property doesn'texist. The vision of communism was built by Marx on thetechnological and human possibilities that were available andvisible at his time while also considering the fact that it wouldbe adopted by the new socialist society.
The ideologies of Karl Marx are based on the thoughts thatresulted from distresses and discrimination from capitalism. Incapitalism, private business people and corporations owned allindustrial units its equipment and the resources required to runthem. The owners of these corporations and businesses couldexploit the workers who had to work involuntarily for wages. As per the ideologies of communism, the working class shouldrise up against the 'bourgeoisie class' and establish a newsociety void of economic classes where no one has any privateproperty.
The communist society of Marx can be said to be in a positionof being at one and at the same time the most illustrious ofparadises and amid the least identified. Although there is noone who debates on the significance of his vision ofcommunism to Marxism the vision is unclear.