Capitalism Versus Socialism: A Few Country Studies

  • Chandana Ghosh
  • Ambar Nath Ghosh


This chapter explains the economic performance of the Soviet Union and the reasons for its disintegration. It also seeks to explain China’s economic performance and assess whether it has deviated from the socialist path. It also discusses the economic performance of Cuba and the prospect of its survival as a socialist state. It identifies the inevitable hostility of the vastly more powerful capitalist powers as the sole factor that has led to the collapse of the Soviet Union, aberrations in the People’s Republic of China and uncertainty regarding the prospect of survival of Cuba as a socialist state.


Soviet Union China Cuba Socialism 


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  4. Szamosszegi, A., & Kyle, C. (2011). An Analysis of State-Owned Enterprises and State Capitalism in China. Washington, DC: U.S. – China Economic Security Commission.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Chandana Ghosh
    • 1
  • Ambar Nath Ghosh
    • 2
  1. 1.Economic Research UnitIndian Statistical InstituteKolkataIndia
  2. 2.Economics DepartmentJadavpur UniversityKolkataIndia

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