Monday, April 20, 2015

Session 21: How is Marxism relatable today?

The end of the Cold War marked an end to communism as well as the ideas of Marx. Ever since the burial of the Marxist ideas, these ideas have been largely discredited and illustrated in a bad light. However, if we focus on Russia and compare its economic, social and political conditions before the fall of communism and after the victory of capitalist ideas marking 'the end of history' we see the difference.

There are no second views on the fact that indeed the Soviet Union was stagnated economically and devastated socially and politically towards its end but even today if we see Russia, we observe a state of chaos and rapid deterioration in the economy, observed never before. Its industrial production is rapidly decling, inflation is on the rise and its investment climate is worsening day by day. In fact, the critics of Marxism have largely ignored the fact that the USSR's economy actually worsened economically and socially after moving towards capitalist ideas.

This explicitly demonstrates that if USSR could not prevent its ideologies and ideas from disintegrating and if Marxism was not relevant at that time, to what extent has Russia emerged as a flourishing economy today?

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