Although a “utopian socialism” has failed, Karl Marx’s ideas changed the thoughts of some contemporary leaders. After Marx, other influential communist leaders, mostly dictators include: Vladimir Ilyich Lenin (Russian ruler from 1917-1924), Mao Zedong (founded communist movement in China), and Fidel Castro of Cuba(Hoyt, 2008). It is up to contemporary leaders to assess the implications of the extreme sides of socialism based on Marxism against the extremes of capitalism and choose an optimum economic decision.
Let’s take Vladimir Lenin and his Pro-Communist party, Bolshevik (later renamed Russian Communist Party in 1918) as an example of a practical pursuit of Marx’s tenets. During that regime, it was rather unfortunate that Lenin’s goal was mass murder and this sparked of Russian Civil War(Hoyt, 2008). Some means that he used accomplished his objective were to require peasants to sell their crops to him, set up slave labour camps for anyone who disagreed with his rule and lastly executing his distractors. Many people were starved, and millions died. His successor, Joseph Stalin was no exception. His main goal of accelerating industrial production by building more factories and to spread communism worldwide.
It is argued that Russia did not meet the right foundation or Marx’s prerequisites for a socialist transformation(Hoyt, 2008).This led to the collapse of Soviet Union later on due to economic disadvantages.The essence of the story is to recount the very methods other leaders used based on Marx’s theory and to rely on the lessons of these methods to overcome and tackle global and local concerns such as globalization of trade and taxation faced by leaders.Capitalism, on the other hand, is used to escape its internal predicaments by moving to external countries and markets (Wood, 1998). It involves the private ownership of capital whose conditions lead to an irregular redistribution of wealth causing inequality gap between rich and poor.
In a more advanced capitalist country, the effects of capitalism result in the political formation of working classes. Then globalization steps into only advance movement of private ownership of capital on outside markets. indigenous labour alarmed by this the effects of these policies have formed coalitions such as the anti-globalization movement. We have seen people joining together in streets, an example is during the start of the 31st G8 summit some members of anti-globalization protests in Edinburgh. Through the market, capitalists, have gained class power and determine the provision of goods to who is capable of increasing interest in either the capitalist’s profits or the consumer’s satisfaction.
Whatever happens, theories cannot exist devoid or free of irregularities; the Manifesto is no exception. Contemporary leaders would need to know that in whatever economic system one pursues one cannot fully achieve a utopian world of it without some implications on the people or the economy. That is why in some capitalist society, parts of the Marxist tenets have been implemented. A case in point is where in some capitalist societies, there is public ownership like state-owned banks, educational institutes and healthcare facilities. It should be clear that a society driven by the accumulation of capital has to allow for social order too(Wood, 1998).