Skip to main content

Wrecks of Socialism

  • Chapter
  • First Online:
The Paradox of Marxist Economics

Abstract

This chapter is devoted to finding out whether socialism, which can be described in Marxist economic terms, has completely disappeared, or whether some elements of it still exist today? Here, the main focus is on the “immortal vertical of power”, which is still very popular in some post-Soviet states. This chapter analyses how this element of the Soviet government is able to adapt to the new conditions of the market economy. Practical examples of the practical manifestation of this power vertical are given. At the same time, a discussion is presented on how all this should be evaluated and possible future perspectives can be predicted.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 99.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 129.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Vladislavas Petraškevičius .

Rights and permissions

Reprints and permissions

Copyright information

© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Petraškevičius, V. (2023). Wrecks of Socialism. In: The Paradox of Marxist Economics. Springer Studies in Alternative Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-36290-3_15

Download citation

Publish with us

Policies and ethics