1. World problems
  2. Unbridled economic competition in communist systems

Unbridled economic competition in communist systems

Unpresentable

Incidence

Despite the rejection in communist doctrine of the profit-motive base for an economic system (capitalism) and hence of competition, former socialist countries competes externally to gain trading agreements and influence in other countries. Prestige production items were exported and were not necessarily available on the domestic market. Internationally exchangeable foreign currency was sought in order to conduct foreign trade despite the outcry raised against capitalist finance and the false exchange value of money and commodities under the capitalist system. Communist economic competition lead to conflict between different communist ideologies and was used as a means of propaganda. A number of former socialist countries introduced capitalist-style bonuses and other production incentives for workers. This created confusion concerning the authority of Marxist-Leninist teachings and weakened allegiance to the state.

Broader

Aggravated by

Related

Strategy

Value

Uneconomic
Yet to rate
Unbridled
Yet to rate
Competition [D]
Yet to rate
Competition [C]
Yet to rate

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #10: Reduced Inequality

Metadata

Database
World problems
Type
(D) Detailed problems
Biological classification
N/A
Subject
Content quality
Unpresentable
 Unpresentable
Language
English
1A4N
C3167
DOCID
11331670
D7NID
167491
Editing link
Official link
Last update
Oct 4, 2020