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Economic system replacing communism

Updated: 4/28/2022
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12y ago

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Communism (a classless stateless society based on production for use) has never existed and so cannot be replaced by anything.

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paulbenn

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2y ago
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12y ago

capitalism

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Economic system replacing communism in former soviet countries?

Capitalism is the economic system currently replacing Communism in former Soviet countries.


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Theoretically speaking communism is an economic system that includes which of the following characteristics?


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Did Karl Marx make a contribution to economics?

Yes, he philosophized the economic system of Socialism and other leftist political systems such as Communism, which had economic elements. Socialism and communism are actually two distinct politico-economic systems - they both have their own political and economic systems. Marx also wrote the most systematic (at the time, and in my opinion, to date) critique of capitalism. In fact, I think its wrong to describe communism as a political system - democracy is the political system of communism - communism is fundamentally an economic system.


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