The Communist Economic System

Read the section "The Communist Economic System", and then click "next" twice so that you also read "The Benefits of Communism", and "The Disadvantages of Communism". These sections expand upon the ideas introduced in the previous reading. Be sure you click "next" twice so that you read all of the relevant sections. In particular, these sections describe the economic features of a communist system, which include collective state ownership of capital, and state control over inputs, outputs, labor, and prices. In theory, communism provides some benefits, such as equality and job security for all. However, in practice, communist economic systems have been shown to be quite inefficient. Do you think it will ever be possible to create a well-functioning communist state?