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An April 2009 Rasmussen Reports poll conducted during the Great Recession (which many believe resulted due to lack of regulation in the financial markets) suggested that there had been a growth of support for socialism in the United States. The poll results stated that 53% of American adults thought capitalism was better than socialism and that ...
Particularly after the coming to power of British Premier Margaret Thatcher in 1979 and US President Ronald Reagan in 1981, and the fall of the Berlin Wall in 1989, many social democratic party leaders were won to the ideological offensive which argued that capitalism had "won" and that, in the words of Francis Fukuyama's essay, capitalism had ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 4 March 2025. Economic and sociopolitical worldview For the political ideology commonly associated with states governed by communist parties, see Marxism–Leninism. Karl Marx, after whom Marxism is named. Friedrich Engels, who co-developed Marxism. Marxism is a political philosophy and method of ...
The socialist mode of production, also known as socialism or communism, [a] is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory. The Marxist definition of socialism is that of production for use-value (i.e ...
A uni-linear view of history, according to which feudalism leads to capitalism and capitalism to socialism. An attempt to fit the histories of different societies into this schema of history on the basis that if they are not socialist, they must be capitalist (or vice versa), or if they are neither, that they must be in transition from one to ...
In the classic Marxist definition (pure communism), a communist economy refers to a system that has achieved a superabundance of goods and services due to an increase in technological capability and advances in the productive forces and therefore has transcended socialism such as a post-scarcity economy. This is a hypothetical stage of social ...
Eco-socialism is a political strain merging aspects of socialism, Marxism or libertarian socialism with green politics, ecology and alter-globalisation. Eco-socialists generally claim that the expansion of the capitalist system is the cause of social exclusion, poverty, war and environmental degradation through globalisation and imperialism ...
In the United States, communism is widely used as a pejorative term as part of a Red Scare, much like socialism, and mainly in reference to authoritarian socialism and Communist states. The emergence of the Soviet Union as the world's first nominally Communist state led to the term's widespread association with Marxism–Leninism and the Soviet ...