Downfall of Communism: God That Failed

  • Satyendra Nayak


As one of the most outstanding political scientist basing his theory of evolution of society and the role of state on dialectic materialism and materialistic interpretation of history, Karl Marx stands as the tallest one providing the logical foundation and basis for an alternative political and economic model for an egalitarian society. He not only condemned the capitalistic or feudal societies for their inaptitude for developing into more equitable societies but also prognosticated their eventual demise due to their own inherent contradiction. His work, Das Capital: Critique of Political Economy, published in 1867 illustrated the working of a capitalist society and described how it would fail in evolving into an ideal economic and political ideology.


Capital Stock Private Property Free Market Central Planning Market Mechanism 
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    Gorbachev M. The August coup – the truth and the lessons. New York: Harper Collier Publishers; 1991.Google Scholar
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    Schumpeter JA. Capitalism, socialism and democracy. London: George Allen & Unwin; 1976. p. 82–3.Google Scholar

Copyright information

© Springer India 2013

Authors and Affiliations

  • Satyendra Nayak
    • 1
  1. 1.Center for Advanced Banking and Finance StudiesICFAI Business SchoolMumbaiIndia

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