How does communism address the issue of economic competition?

Communism addresses the issue of economic competition by advocating for the elimination of competition altogether. In a communist system, the means of production are owned and controlled by the state or the community as a whole, rather than by private individuals or corporations. The central principle of communism is the idea of a classless society, where wealth and resources are distributed equally among all members.

Under communism, economic competition is seen as a source of inequality and exploitation. The focus is on cooperation and collective decision-making, rather than individual profit-seeking. The aim is to create a society where everyone's needs are met, and where the pursuit of personal gain is replaced by the pursuit of the common good.

To achieve this, communism advocates for the abolition of private property and the establishment of a planned economy. In a planned economy, the state or a central planning authority determines production targets, allocates resources, and sets prices. This eliminates the need for competition between firms, as there is no profit motive driving individual businesses to outperform others.

Instead of competing against each other, individuals in a communist system are encouraged to work together for the benefit of society as a whole. The emphasis is on cooperation, solidarity, and the equitable distribution of resources. By eliminating economic competition, communism aims to create a more egalitarian society where wealth and opportunities are shared by all.