What is Communism?

What is communism? Well, if you have used the internet within the past decade, you may know a thing or two about it. You may know of the Internet's idea of what communism is, which may not be accurate, but something this colorful can't be bad.

Some of you may know what communism actually is, the form of government often associated with corruption, evil, and various other colorful terms one would use to describe their mother in law. But for those of you who don't really have an idea, here is some context, as well as some terms:
  

• Communism: a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.                     
• Socialism: a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. 
• Democracy: government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system.

 

Included at the bottom of this post is a link to a video which, in my opinion, does a dandy job of explaining what communism is, and what it is all about: 
Khan Academy: Communism