All tagged Soviet Union

Can Communism Work?

In 1991, this question seemed like an easy one to answer. The Soviet Union had just come to an end, the other Communist states in Eastern Europe were no more. Since then, the remarkable growth of China has made the question more complicated. In 1991, the average person in China lived on US $360 a year. Now, the figure is US $8,500. When America’s capitalist economy dived into recession in 2008 and China’s didn’t, Chinese officials were quick to argue that their system was superior. So can Communism work?