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Flaws of Marxism. Marxâs communism appears quite logical if his assumptions are correct. However, many of his basic assumptions are in doubt and by his own standards of praxis determining the validity of philosophy communism has failed the test of historical application.
Socialists who embraced Leninâs methods became known as âcommunistsâ and eventually came to power in China, Eastern Europe, North Korea, Indo-China, and elsewhere. The most important fact to understand about the economics of communism is that communist revolutions triumphed only in heavily agricultural societies.Government ownership of the means of production could not, therefore, be achieved by expropriating a few industrialists.he most important fact to understand about the economics of communism is that communist revolutions triumphed only in heavily agricultural societies. Government ownership of the means of production could not, therefore, be achieved by expropriating a few industrialists.