Karl Marx created and idea called communism which is a from of complete socialism where the people control the production side of things. This includes all land, mines, factories, railroads, and businesses. There is no such thing as private property and all goods and services would be shared equally. The government, however, is controlled by one central power which controls everything else. Communism still exits in few countries today. North Korea is still practicing communism at this very moment along with Cuba, Vietnam, and China.
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