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Present day socialists and communists are not regarded as successful. Partly because the steps to the perfect economy are impossible to attain. In otehr words, the last step in attaining a socialist economy is to become a communist economy, which means the military who trying to gain control of the economy would need to give up power. Currently, no governments have done that. Russia and China are two examples. They are not regarded as good places to live. This gives a bad rep to the term socialist.
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∙ 12y ago
Events such as the collapse of the Soviet Union and the rise of capitalism in China have challenged Karl Marx's view that communism would eventually replace capitalism as the dominant economic system. Additionally, the global financial crisis of 2008 raised questions about the inevitable nature of class struggle and economic crisis as outlined in Marx's theories.
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