5 Big Reasons Communism Failed

There are several prominent theories about why communism is an untenable way of organizing society.  Of course, many people have theories about how society can and cannot be organized, and it is almost impossible to run controlled experiments on real populations to see what might work, which is why the die-hard faithful will point to the failures of Soviet Russia and Maoist China as just two data points that don't sufficiently prove communism is a failed ideology. However, experts of Insidermonkey compiled a list of 5 reasons communism failed to survive. Please, check it out!

With the fall of many Communist regimes in Warsaw Pact states during the late 1980's, many people considered that as the death throes of Marxism and Communism as a viable political ideology and economic model. The final deathblow was actually delivered in 1991, when the Union of Soviet Socialist Republics itself fell apart and the successor states all attempted to move to a free market economic system with a democratic government. Although other socialist states such as China survived the collapse of Communism around the world, they did so only because they adopted economic policies that can be considered capitalist in nature. At present, only North Korea maintained the command economy model based on the theories of Karl Marx and his followers. However, one look at North Korea and it doesn't take a genius to figure out that country is actually in deep trouble.

However, you should know that this article was totally an academic topic and not a criticism act. And if you are interested in academic topics, then be sure to also read another posts regarding  the most influential papers in economics as well.