How was communism stopped in Latin America?
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How was communism stopped in Latin America?
In 1973 General Augusto Pinochet, head of the Chilean army, overthrew democratically elected, but Marxist, Salvador Allende in an attempt to save the country from communism. Leftist parties were banned and their supporters exiled, tortured, or killed.
Socialism in Russia collapsed command economic because increasingly unmanageable as they grow in size and become more complex. In Russia there was incompetence of its Tsar-like rules, built in weakness of political system which are based on fear and becoz of the inherently inefficient centrally – controlled economy.
What are benefits of socialism?
Pros of socialism
- Reduction of relative poverty.
- Free health care.
- Diminishing marginal utility of income.
- A more equal society is more cohesive.
- Socialist values encourage selflessness rather than selfishness.
- Benefits of public ownership.
- Environment.
- Reduced hidden taxes.
Marxist–Leninist states
| Country | Since | Duration |
|---|---|---|
| People’s Republic of China | 1 October 1949 | 72 years, 72 days |
| Republic of Cuba | 1 January 1959 | 62 years, 345 days |
| Lao People’s Democratic Republic | 2 December 1975 | 46 years, 10 days |
| Socialist Republic of Vietnam | 2 September 1945 | 76 years, 101 days |
Why did Latin America experience economic problems in the mid twentieth century?
Manufacturing costs generally remained high, and factories were overly dependent on imported inputs of all kinds (including foreign capital), but advances were not limited to consumer goods production. In all major countries the output of intermediate and capital goods rose appreciably too.
What are cons of socialism?
Cons of socialism
- Lack of incentives.
- Government failure.
- Welfare state can cause disincentives.
- Powerful unions can cause labour market antagonism.
- Rationing of health care.
- Difficult to remove subsidies/government benefits.