A political and
economic system that rejects
the concept of personal ownership of property in favour of having all the wealth in the government's hands, and supplying necessary, and possibly luxury, goods to the population
according to the individual's, and the mass's, needs.
This system is inefficient on a larger scale because of greediness and sloth, as in, many people taking more than they need and giving less than they can, although in a Kibbutz, or commune, this system is fairly efficient when coupled with some lenience regarding personal property (As in, allowing the capitalist based system of currency, but still keeping the economy run exclusively by the Kibbutz or commune management).