06 Nov 2015 - {{hitsCtrl.values.hits}}
The regular crises in the United States, Western Europe and other countries have proved that the wholesale globalized, capitalist market economic system does not and will not work mainly because it widens the gap between the rich and the impoverished people. About 150 years ago the legendary ideological visionary Karl Marx promoted the principles of socialism because he saw how the rich and ruling elite were exploiting the impoverishing the people, sometimes using the name and cover of religion. In line with this the Marxist-Leninist Russian Revolution took place in 1917 but eventually Joseph Stalin’s Soviet Union produced an ideology that was more like state capitalism than socialism which means an equitable distribution of wealth and resources and community life. This communism or socialism spread far and wide to China, Eastern Europe and other countries but the system that still exists today is widely seen as colour-washed state capitalism.
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