What is communism as noted in the book, The Virtue of Selfishness?

Communism is a social theory that advocates the elimination of private property. In this system, the commonwealth owns all goods, and the society provides individuals with what it deems they need. Rand fervently rejects this system as an ethical system throughout this book. She presents concepts and situations that explain why this type of system contradicts the natural reality that a person possesses the right to his own life. Furthermore, she describes how this system has never worked successfully in societies that have practiced it because it stifles production and progression and forces its citizens into poverty, degradation, and virtual slavery.