The political ideology that advocates for the abolishment of capitalism is communism. Communists believe in a classless society where the means of production are collectively owned, aiming to eliminate private property to eradicate economic inequality. While there are various forms and interpretations of communism, the overarching goal is to establish a system where wealth and resources are distributed according to need rather than market forces. This ideology contrasts sharply with capitalism, which is characterized by private ownership and free-market competition.