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capitalism vs socialism

Joel Eissenberg | June 27, 2026 8:15 am

Politics
US/Global Economics

The American right uses the words “socialist,” “communist” and “Marxist” as epithets, not according to their actual definitions.

Comments (3) | Digg Facebook Twitter |
3 Comments
  • david says:
    June 27, 2026 at 9:35 am

    well for the right its more of a political attack since they have no idea what each means really. t

    Reply
  • JackD says:
    June 27, 2026 at 2:55 pm

    What would one call Russia today? Certainly not Communist in Lenin’s sense of the word.

    Reply
    • Joel Eissenberg says:
      June 27, 2026 at 3:12 pm

      @Jack,

      No, today’s Russia isn’t communist by any definition. The most appropriate description is probably a capitalist kleptocracy.

      In Lenin’s time, the USSR was never communist. Lenin called it State Capitalism, although since the state owned the means of production, it fulfilled a working definition of socialism.

      Reply

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