this post was submitted on 26 Jan 2025
27 points (93.5% liked)

Communism

1822 readers
92 users here now

Welcome to the communist Lemmy community! This is a community for all Marxist.

founded 5 years ago
MODERATORS
 

This graph is important

It’s based on the writings of professor Cheng Enfu, President of the Academy of Marxism at the Chinese Academy of Social Sciences (CASS) and Director of the Academic Division of Marxist Studies of CASS.

Socialism and communism are not one and done processes. They are gradual changes, both Marx and Lenin have addressed this extensively. We can’t just instantly press the big communism button unfortunately.

Here’s a paper that goes way more in depth on the professor’s definitions: https://guilfordjournals.com/doi/pdf/10.1521/siso.2022.86.2.159

Archive

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 5 days ago* (last edited 5 days ago) (1 children)

The “boom-bust cycle” instability is inherent to capitalism, not to a socialist economy, planned or otherwise.
https://en.wikipedia.org/wiki/Business_cycle

Periodic crises in capitalism formed the basis of the theory of Karl Marx, who further claimed that these crises were increasing in severity and, on the basis of which, he predicted a communist revolution.

Marxian view, profit is the major engine of the market economy, but business (capital) profitability has a tendency to fall that recurrently creates crises in which mass unemployment occurs, businesses fail, remaining capital is centralized and concentrated and profitability is recovered. In the long run, these crises tend to be more severe and the system will eventually fail.

In contrast, profit is not the engine of a socialist economy: meeting people’s needs is.