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Sunday, November 27, 2016

A Secular Religion That Lasted One Century

Branko Milanovic:

A secular religion that lasted one century: The death of Fidel Castro made me think again of the idea that I had for a while about our lack of understanding of what is the place of communism in global history of mankind.  We have thousands of historical volumes on communism, and similarly thousands of volumes of apologia and critiques of Communism, but we have no conception of what its position in global history was—e.g. whether colonialism would have ended without communism, whether communism kept capitalism less unequal, whether it promoted social mobility, or made transition from agrarian to industrial societies in Asia much faster etc.  As Diego Castaneda mentioned in today’s tweet, we probably will not be able to assess communism for a while, probably until the passions that it arose have died down.
The death of Fidel Castro is a useful marker because he was the last canonic communist revolutionary: the leader of a revolution that overthrew the previous order of things, nationalized property, and ruled through a single party-state. We can pretty confidently state that no communist revolutionary  in that canonic mould that was so common in the 20th century, from Lenin, Trotsky, Stalin, Mao, Liu Shaoqi, Tito and Fidel will arise in this century. The ideas of nationalized property and central planning are dead. In a very symmetrical way, the arrival of Utopia to power that began in glacial Petrograd in November 1917 ended with the death of its last actual, physical, proponent, in a far-away Caribbean nation, in November 2016.
Let me go over some grossly simplified ideas that, perhaps one day, I will expound more fully in a book format. ...

    Posted by on Sunday, November 27, 2016 at 10:56 AM in Economics | Permalink  Comments (91)


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