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The word communism as currently used usually refers to the political and economic ideologies originating from Karl Marx's theory of revolutionary socialism, which advocates a proletariat overthrow of capitalist structures within a society; societal and communal ownership and governance of the means of production; and the eventual establishment ... COMMUNISM definition: 1. the belief in a society without different social classes in which the methods of production are…. Learn more. Communism is a social and political ideology that strives to create a classless society in which all property and wealth are communally owned, instead of owned by individuals. The ideology of communism was developed by Karl Marx and Friedrich Engels in 1848. Communism is an economic and political ideology that aims for a classless society with communal ownership of property and wealth . The Communist Manifesto, written by Karl Marx and Friedrich...