Karl Marx’s concept of a communist economic system based on the philos

QUESTION

Karl Marx’s concept of a communist economic system based on the philosophy “from each according to his abilities, to each according to his needs” sounds noble on paper.

In practice, what core aspect of communism has led to the global collapse of this system?
A) high taxes
B) welfare state
C) lack of incentive
D) central planning
E) exploitation

ANSWER

Answer: C
Explanation: C) Because everyone is rewarded according to his or her needs under communism, there is no incentive to work hard, expand resources, and create wealth.