 Government owns/controls all land, labor, resources  All decisions economically centrally controlled and made by government  Socialism- democratic means of distributing wealth/political equity-Centrally planned  Communism-All economic power /decisions made through authoritarian means. –Command economy- dictatorship- few freedoms for people

 Karl Marx /Fredrich Engles/Vladimir Lenin  Believed in socialism and advocated violent revolution to bring about change  Felt industrialized nations were divided by social classes based on wealth  Marx believed capitalist never allowed wages to rise above the minimum standard for the workers to live on  Marx saw this a “class struggle”

 Bourgeoisie- wealthy capitalists, anyone with wealth  Proletariat- workers and laborers  Worldwide revolution by workers is the belief of communism  A dictatorship would ensue for a short period to set up society  Eventually all government would cease to exist  All land, labor, products, etc,, would be equally owned and distributed to all in society.

 Command Economy- Government 5yr plans  Agriculture- collective farms/quotas/  Millions died as result  Industry-heavy industry/military goods/$$$$$  Little to no consumer goods  Quality and selection poor/ shortages  Economy and people run into the ground