Communism, as comprehended today, refers to a system connected with collective possession of the means of production, central economic preparing and regulation of a sole political party. Communism basically means communal ownership of property. Karl Marx was a German economist, philosopher and revolutionist whose writings constitute the basis of the body of ideas known as Marxism. His theories are definitely the basis pertaining to modern the reds.He had a whole lot of hypotheses which produced an impact on the world, particularly the discord theory, labor theory of value, theory of historical materialism, theory of rent, alienation and more (Mandel, 1995). Yet , the primary concentrate of the this paper will be the most basic of his theories from where most of his other theories stem via, the Turmoil theory. Karl Marx was an endorse of the discord theory which stresses the hyperlink between stratification and the constant struggle amongst..