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Unlike the slow market reforms in China and Vietnam where communist rule continues, the abrupt end to central planning was followed by a depression in many of the states of the former Soviet Union and Eastern Europe which chose to adopt the so-called economic shock therapy. For example, in the Russian Federation GDP per capita decreased by one ...
The elections in Poland inspired other Eastern European Soviet Nations to pursue peaceful democratic transitions, and soon the Pact began to dissolve itself. The last of the countries to overthrow Communist leadership, Romania, only did so following the violent Romanian Revolution.
Ludwig von Mises is best known for his work on praxeology studies comparing communism and capitalism. Austrian school economist Hans-Hermann Hoppe argued that countries where the means of production are nationalized are not as prosperous as those where the means of production are under private control ("prosperous" is defined in terms of GDP ...
Marx's first crusade was not against capitalism but against soap. I guess every time he had to take a shower, he was too drunk to do it. Otherwise, he always lived off of other people's money, he ...
The Late Cold War (1960–1970s) in which China turned against the Soviet Union and organized alternative Communist parties in many countries. Intense attention was given to revolutionary movements in the Third World which were successful in some places such as Cuba and Vietnam.
Decommunization was largely limited or non-existent. Communist parties were not outlawed and their members were not brought to trial. Just a few places even attempted to exclude members of communist secret services from decision-making. [160] In a number of countries the communist party simply changed its name and continued to function. [160]
A communist revolution is a proletarian revolution inspired by the ideas of Marxism that aims to replace capitalism with communism. [1] Depending on the type of government, the term socialism can be used to indicate an intermediate stage between capitalism and communism and may be the goal of the revolution, especially in Marxist–Leninist ...
Here is the meaning of the year 1978. Communism, begun in 1917, could maintain itself approximately 60 years and reach its peak. So 1978 is the border line and afterward communism will decline; in the 70th year it will be altogether ruined. This is true. Therefore, now is the time for people who are studying communism to abandon it."