Sunday, October 17, 2010

Communism is dead. But folks in our society haven't gotten the memo

Communism has virtually disappeared 120 years after Karl Marx declared the imminent collapse of capitalism and is only loosely practiced in a few countries such as China, Cuba, and North Korea. However, China has been slowly moving away from communism and Marxism-Leninism since the 1980s, when the Communist Party declared these doctrines did not contain all the answers to political, economic, and social problems. Furthermore, North Korea has suffered from extreme poverty and has relied on aid from non-communist countries. Hence, its days as a communist nation may be numbered. Even Cuba considered economic reforms in the 1990s to stave off its economic problems stemming from the demise of the Soviet-bloc that provided aid and was a major trading partner.

Read more: Socialism and Communism http://www.referenceforbusiness.com/encyclopedia/Sel-Str/Socialism-and-Communism.html#ixzz12glQALc4

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