While Marxist Communism advocates for the complete abolition of private ownership of the means of production, Fascism and Nazism preserve private enterprise while subjecting property owners to state regulation and corporatist controls.
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Answer
The statement is True. Marxist Communism mandates the total abolition of private property and public ownership of the means of production, whereas Fascism and Nazism retain private ownership while enforcing strict state regulation and corporatist economic planning.
The statement is true because Communist ideology requires total state or collective ownership of productive property, whereas Fascist and Nazi ideologies permitted private ownership to exist so long as private capital served the overarching power and strategic goals of the state.
Step-by-Step Solution
Key Concept
Distinction in property ownership and economic control between Communism and Fascism/Nazism