this post was submitted on 17 Sep 2025
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Late Stage Capitalism

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[–] Cowbee@lemmy.ml 4 points 9 months ago

The USSR was socialist. Public ownership was the principle aspect of the economy, and society was run by the working class. It was not yet communist, but it was certainly socialist. The PRC is also an example of socialism, public ownership is also the principle aspect of the economy, same as the DPRK. The extent to which markets play a role varies greatly in these countries, but markets are not synonymous with capitalism, and socialism is not defined by the absence of private property just as capitalism is not defined by the absence of public property.

I suggest you avoid using wikipedia if you're trying to get a Marxist perspective on existing socialist states past and present. They aren't written by Marxists but by anyone, and opinions presented by the authors should not be confused for Marxist analysis. If anything, they have an overwhelmingly liberal bias, and should be aconowledged as such.