Question
What is the term used to describe a classes political system, the political theory of system in which all property and wealth is owned in a classless society by all the members of the community?
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GPT-4o mini
The term you are referring to is "communism." In a communist political system, all property and wealth are collectively owned, and there is an aim to establish a classless society where resources are distributed according to need rather than through market mechanisms. This theory is often associated with the works of Karl Marx and Friedrich Engels.
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