If you read The Communist Manifesto, Marx and Engels give a poetic account of how societies evolve. Western society moved out of antiquity into feudalism and then into capitalism. In their view, capitalism is so exploitative and unstable that revolutionary forces will topple the system and impose state control over the economy. Ideally, the state itself will wither and you’ll get an idyllic communist society.
But we now know that’s wrong. The industrialized nations of the West never turned to socialism, though they did institute welfare states in the 20th century. Instead, more rural societies like China and Russia were the biggest customers of Marxism. And very few socialist states of the 20th century remained socialist in the classical senses. Socialism, and communism, was not the end of the story.
So what did we get? If you follow someone like Francis Fukuyama, you might believe that liberal capitalism is…
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