Which social theory argues for the abolition of private property?

The social theory that argues for the abolition of private property is communism. This ideology, rooted in the writings of Karl Marx and Friedrich Engels, envisions a classless society where all means of production are owned collectively, eliminating private ownership. The belief is that by abolishing private property, societal equality can be achieved, as all individuals would have equal access to resources and opportunities without the inequalities perpetuated by capitalistic systems.

In communism, the state plays a critical role initially in redistributing resources and power but is ultimately seen as a temporary phase before achieving a stateless, classless society. This contrasts significantly with capitalism, which endorses private property as a fundamental right and a driving force of economic freedom and innovation. Socialism, while advocating for social ownership or regulation of production, does not necessarily call for the complete abolition of private property, allowing for a mixed economy in some interpretations. Fascism, on the other hand, is an authoritarian political ideology that upholds the interests of the state over individual rights and does not focus on the collectivization of property in the same way.