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II. B. Command Economy aka Communism Ch 2 section 2
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Due to great suffering of workers in laissez-faire industrial economies in the mid 1800s, philosopher Karl Marx advocated a world-wide workers rebellion. Workers of the world unite! You have nothing to lose but your chains!
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In many countries (Soviet Union, China, etc) workers rebelled and created a government based on equalitya classless society. Government took control of economy and the four factors of production.
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To ensure equality, they abolished private ownership and entrepreneurship.
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Government took charge of business, and created monopolies for ease of management, run by far away bureaucracies (government agencies).
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House Un-American Activities Committee (HUAC)
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Due to the inefficiency of government control and an absence of the market pillars, command economies are in great decline.
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