Meanings of Communism. Communism denotes different meanings. In present times, however, it is understood only in the sense of a theory of action for the building of a classless and Stateless society in which there shall be equality, freedom and happiness for all irrespective of colour, creed or nationality.

Its theories and principles of action were first defined and described by Karl Marx and Friderick Engels, as we have described above, and were further developed by Lenin, Stalin and other Communist leader of the countries like Russia, China, etc.

This is Modern Communism, which may be briefly described as Marxism-Leninism.