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this post was submitted on 14 May 2025
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I do think the current moment can be viewed as the reverse of the 90s where the capitalist world is starting to buckle under its own contradictions while the socialist world is going from strength to strength.
Socialist world is putting it a bit too strongly, what we have is an emerging global South against a declining global North, Socialism is not what characterizes the majority of these emerging economies, they are simply united by opposition to imperialist exploitation.
It's true, but China, Vietnam, DPRK, Laos, and Cuba who are explicitly socialist are doing well, and China is at the center of this alternative global economy that's emerging.