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What economic theory called for the elimination of private property in favor of government ownership?

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3 votes
The answer is Communism
answered
User Tyler Biscoe
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3 votes

Answer: Communism (also known as Marxism)

Details:

Communism was called "scientific socialism" by its founders, Karl Marx and Friedrich Engels. The "science" of it believed it was the inevitable path of economic history. It expands the socialist project so that all members of a society have all in common and everything equal. There is no private property; all is intended to operate communally.

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User Pisomojado
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