2021
DOI: 10.1007/978-3-030-55203-9_4
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Socialism and Democracy

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Cited by 2 publications
(2 citation statements)
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“…Socialism was a large-scale experiment in establishing an alternative economic system based on state ownership and central planning. The failure of this experiment after only eighty years suggests that any economic system that does not take into account human self-interest and lacks proper coordination mechanisms is not long-term sustainable (Chattopadhyay, 2021). As a result, one can conclude that no coordination mechanism can successfully replace marketbased coordination based on private property rights.…”
Section: Economic Systemsmentioning
confidence: 93%
“…Socialism was a large-scale experiment in establishing an alternative economic system based on state ownership and central planning. The failure of this experiment after only eighty years suggests that any economic system that does not take into account human self-interest and lacks proper coordination mechanisms is not long-term sustainable (Chattopadhyay, 2021). As a result, one can conclude that no coordination mechanism can successfully replace marketbased coordination based on private property rights.…”
Section: Economic Systemsmentioning
confidence: 93%
“…Marxist believes among Marxism it is resisted, the Marxism does not believe the autonomous of literary works. For Marxist, the activities and the results of human activity is not sufficiently understood only through knowledge or appear in the text of literary works [5]. In other words, Marxist tries to find out the reason or any factors why the literary works created.…”
Section: Literature Reviewmentioning
confidence: 99%