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The Soviet Union was an example of a state capitalist economy. Socialism means no money, no classes, no government.

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How would the collapse of the soviet union impact other communist nations outside of Europe?

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.


What was the commune in the cold war?

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.


What is the economic system North Korea?

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Which kind of economic system does a socialist country have?

Planned


How do you predict the collapse of the soviet union would impact other communist nations outside of Europe?

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.

Related Questions

Does Mexico have a free enterprise socialist or communist?

It has a free enterprise or "capitalistic" economic system.


What system both political and economic did the Russian revolution implement in 1917?

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.


What type of terrorists want to destroy economies based on free enterprise and replace them with socialist or communist economic systems?

Left-wing


Why is Vietnam under the name Socialist republic if its a communist country?

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.


What is China's economic systems?

China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.


What is the China's economic system?

China has a "mixed" economy, part socialist/communist, part capitalist. It's centrally managed by an authoritarian government.


What countries today are socialist?

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.


Why is Karl Marx remembered?

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.


What kind of economic system do Vietnam have?

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.


When was Economic Calculation in the Socialist Commonwealth created?

Economic Calculation in the Socialist Commonwealth was created in 1920.


What year did communism get poorer and poorer?

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.


What is the name of the Economic alliance between communist countries?

The name of the communist alliance was known as the United Soviet Socialist Republics or USSR for short