“Since the management of industry by individuals necessarily implies private property, and since competition is in reality merely the manner and form in which the control of industry by private property owners expresses itself, it follows that private property cannot be separated from competition and the individual management of industry. Private property must, therefore, be abolished and in its place must come the common utilization of all instruments of production and the distribution of all products according to common agreement – in a word, what is called the communal ownership of goods.”

— Friedrich Engels, book Principles of Communism

Principles of Communism (1847)

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German social scientist, author, political theorist, and ph… 1820–1895

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