The Soviet Union was an example of a state capitalist economy. Socialism means no money, no classes, no government.
The collapse of the Soviet Union in 1991 significantly weakened the global communist movement, leading to a reevaluation of communist ideologies in countries like China, Vietnam, and Cuba. These nations faced economic pressures and the realization that Soviet-style communism was unsustainable, prompting reforms and a shift toward market-oriented policies. Additionally, the loss of Soviet support diminished their geopolitical influence, forcing them to adapt to a new global order and explore alternative alliances and economic strategies. Overall, the collapse catalyzed a wave of change that reshaped the political landscape in various communist nations outside of Europe.
The term "commune" during the Cold War often referred to various socialist or communist communities, particularly in countries aligned with the Soviet Union. These communes were characterized by collective ownership and communal living, aiming to embody socialist principles. Notably, the concept was more prominent in China, where the Great Leap Forward led to the establishment of people's communes. These were intended to boost agricultural and industrial production but often resulted in economic hardship and famine.
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Planned
The collapse of the Soviet Union in 1991 significantly influenced communist nations outside of Europe by undermining the ideological legitimacy of communism and prompting a wave of reform and re-evaluation. Countries like China, Vietnam, and Cuba faced increased pressure to adapt their economies and political systems, leading to market reforms and greater openness to global trade. Additionally, the loss of Soviet support weakened hardline communist regimes, encouraging movements toward democratization and economic restructuring in various regions, particularly in Asia and Latin America. Overall, the dissolution of the USSR marked a pivotal moment, catalyzing shifts away from traditional communist frameworks in favor of more varied governance models.
It has a free enterprise or "capitalistic" economic system.
The Russian Revolution implemented a socialist, not a communist, system in 1917. It became "communist" in name only. The reason it was socialist is that all property, land and industry were considered owned by the government, not by the people.
Left-wing
Vietnam is officially known as the Socialist Republic of Vietnam because it identifies as a socialist state guided by Marxist-Leninist principles. While it is a one-party state led by the Communist Party of Vietnam, the term "socialist" underscores its commitment to social equity and collective ownership, rather than strictly adhering to classical communist ideology. The use of "socialist" also reflects the country's economic reforms and integration into the global economy, which include market-oriented policies. Thus, the name emphasizes its ideological foundation and aspirations while accommodating contemporary economic realities.
China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.
China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.
Socialism as an economic system is not widely used anymore. The USSR was the leading socialist government till its collapse in 1991, and China has socialist elements to it's economy, but the only countries with true socialist economies in place today are Cuba and North Korea.
Karl Marx is remembered for his contributions to the development of socialist and communist theory, particularly through his famous works such as "The Communist Manifesto" and "Das Kapital." He is known for his critique of capitalism and advocacy for a classless society where the means of production are owned collectively. Marx's ideas have had a significant impact on political, economic, and social movements around the world.
a communist state. Also It has an unlimited government and its an authority based government. The Socialist Republic of Vietnam is a single-party socialist state having a communist government.
Economic Calculation in the Socialist Commonwealth was created in 1920.
Communism began to show signs of economic decline in the 1970s and 1980s, particularly in Eastern Europe and the Soviet Union. By the late 1980s, many communist states faced significant economic challenges, leading to widespread shortages and inefficiencies. The collapse of the Soviet Union in 1991 marked a dramatic decline in the viability of communist systems, resulting in many countries transitioning to market economies. This period highlighted the limitations of central planning and the struggles of communist economies.
The name of the communist alliance was known as the United Soviet Socialist Republics or USSR for short