Communism as a political ideology seeks to eliminate all forms of socio-economic inequalities. It aims to establish a society where resources and wealth are owned and controlled collectively, rather than by individuals or private entities. This is achieved through the abolition of private property, the establishment of a planned economy, and the creation of a classless society. The ultimate goal of communism is to create a society in which everyone's needs are met and everyone has equal access to resources and opportunities.