Capitalism , as Marx defined it, is a system in which productive wealth is privately owned. Communism (which Marx proposed as an alternative) is one in which productive wealth is owned by the community, or by the nation on behalf of the people.
Related Keywords: Community Wealth Capitalism Communism Nation Productive System
Related Authors: Winston Churchill Dr. Seuss Mark Twain Oscar Wilde Kurt Cobain Ernest Hemingway Hunter S. Thompson