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POL1 MARX - Coggle Diagram

- - - - One could argue that this is precisely what the United States has been doing since the end of the Second World War with the country’s relentless effort to extinguish socialist movements.
      - For instance, the US has repeatedly imposed sanctions on Venezuela, thus rendering its socialist experiment all the more difficult. Venezuela has a lot of potential as a country thanks to its large oil reserve, but with a historic oil price collapse in 2020, along with the countless economic sanctions and US-backed military coups, the chances of socialism succeeding in Venezuela appears to be slim to none.
  - - - But even then, it is hard to say that these revolutions have achieved the goals stated in the Communist Manifesto: inequality still persists, the State is still very much alive — arguably even more oppressive — and most of the communist countries of the Cold War era have reverted to liberal democracy.
    - - It is true that Marx was right in predicting the crises produced by capitalism and the increasing number of actors that it will implicate, as it was evidenced by the 1929 crash, the East Asian Economic crisis (1997-2001), and the 2008 Recession.
      - However, capitalism has prevailed through these events, constantly resolving the current crisis with the lessons learnt from the previous one(s).
      - For instance, the ‘brevity’ of the 2008 crisis could be attributed to the lessons from 1929, with the Federal Reserve quickly enacting aggressive monetary policy measures and the Federal Government bailing out important banks and sectors.
      - one could argue that we are currently living through a crisis caused by capitalism: the supply chain issues regarding the international division of labour — and subsequently the global economic fallout — that has aggravated some countries’ ability to effectively curb the coronavirus pandemic.
      - While it is still too early to come to a conclusion regarding this particular event, it still seems as if capitalism will prevail yet again.
    - - Arab spring never really had a strong socialist set of principles behind it
      - the apparent success story of Tunisia turned out to be a short-lived one. In this case, the Tunisian uprising started to show its cracks during the summer of 2021 and has since deviated from the path of liberal democracy.
      - a socialist revolution entails the overturning of the existing social and political structure to transition from the capitalist to the socialist mode of production, thus putting power in the hands of the working class.
      - While it is hard to say that the socialist spirit is still present in today’s world, the revolutionary appetite is still persistent
      - If anything, it seems as if we are going to get a repetition of 1989 where the world rejects communism and reverts to liberal democracy with Hong Kong’s Umbrella Movement — unlikely as it seems with an increasingly repressive CCP
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