Downfall of Communism: God That Failed
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.
KeywordsCapital Stock Private Property Free Market Central Planning Market Mechanism
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