Thus does the battle linger until all mankind form one single class...
Thus does the battle linger until all mankind form one single class, and the interests of every individual will be represented in the interests of that unified class. At that moment will harmony prevail and peace become a reality, and all bad effects of the democratic capitalist system will be completely removed, for they resulted only from the existence of many classes within one society, and such multitude resulted from dividing the society into a producer and a labourer.
Therefore, such a division has to be stopped by abolishing (private) ownership. Here, communism differs from socialism in the main economic outlines, for the communist economy hinges on: First: Abolishing private ownership and its complete eradication from the society, giving wealth to the public and placing it in the hands of the State since the latter is the legal representative of the society in managing and utilizing it for the common welfare.
The communist belief in the necessity of this absolute nationalization is due to the natural reaction of the consequences of private ownership in the democratic capitalist system.
This nationalization has thus been justified: It is meant to abolish the capitalist class and unite the society into one class in order to put an end to that struggle and to forbid the individual from utilizing different means and methods to accumulate his wealth in order to satisfy his greed, motivated by his own selfish interest. Second: Distribution of products according to individuals’ consumption need.
It can be summed up thus: From everyone according to his capacity, and for everyone according to his need. This is so because every individual has natural needs without which he cannot live. So, he gives the society all of his endeavour so that the society may provide him with his living necessities and take care of his livelihood.
Third: An economic procedure planned by the State, in which it combines the society's need with production in its volume, diversity and limitation, so that the society will not be inflicted with the same line in the communist economy, that is, the abolishment of private ownership, has been substituted with a moderate solution: nationalization of heavy industries, foreign and domestic trades, putting all of them under government monopoly; in other words, abolishing large mass capital by freeing the simple industries and trades, leaving them to the individuals.