Vietnam Technological and Commercial Joint Stock Bank , commonly referred to as Techcombank , is a publicly listed Vietnamese bank. Its shares are traded on the Ho Chi Minh City Stock Exchange under ticker TCB.
156-591: Techcombank (TCB) was founded in 1993 by Vietnamese businessmen who returned from Russia . Its domestic investors include Vietnam Airlines and Masan Group . In 2005, global bank HSBC acquired a 10% stake in Techcombank. In 2008, HSBC increased its stake in the bank to 20% by making a follow-on investment of $ 77.1 million. In 2017, HSBC divested its strategic investment in Techcombank by selling its 172 million share stake. In 2018, US private equity firm Warburg Pincus invested $ 370 million. In 2018,
312-558: A bureaucratic dictatorship which rested on a largely nationalized industry run according to a production plan and claimed that the former Stalinist states of Central and Eastern Europe were deformed workers' states based on the same relations of production as the Soviet Union. Some Trotskyists such as the Committee for a Workers' International have at times included African, Asian, and Middle Eastern socialist states when they have had
468-416: A communist society . Additionally, a number of countries that are multi-party capitalist states make references to socialism in their constitutions , in most cases alluding to the building of a socialist society, naming socialism, claiming to be a socialist state, or including the term people's republic or socialist republic in their country's full name, although this does not necessarily reflect
624-574: A communist-led revolution in Afghanistan, Soviet forces invaded the country, ultimately starting the Soviet–Afghan War . In May 1988, the Soviets started to withdraw from Afghanistan , due to international opposition, persistent anti-Soviet guerrilla warfare, and a lack of support by Soviet citizens. From 1985 onwards, the last Soviet leader Mikhail Gorbachev , who sought to enact liberal reforms in
780-477: A revision of Marxist thought. Bernstein stated: "The socialist movement is everything to me while what people commonly call the goal of Socialism is nothing". Following Marx, revolutionary socialists instead take the view that the working class grows stronger through its battle for reforms (such as in Marx's time, the ten-hours bill). In 1848, Marx and Engels wrote: Now and then the workers are victorious, but only for
936-571: A troika was designated to take charge. Eventually Joseph Stalin , the General Secretary of the Communist Party , managed to suppress all opposition factions and consolidate power in his hands to become the country's dictator by the 1930s. Leon Trotsky , the main proponent of world revolution , was exiled from the Soviet Union in 1929, and Stalin's idea of Socialism in One Country became
1092-595: A Varangian from the Rus' people , named Rurik , was elected ruler of Novgorod in 862. In 882, his successor Oleg ventured south and conquered Kiev , which had been previously paying tribute to the Khazars . Rurik's son Igor and Igor's son Sviatoslav subsequently subdued all local East Slavic tribes to Kievan rule, destroyed the Khazar Khaganate, and launched several military expeditions to Byzantium and Persia . In
1248-814: A capitalist mode of production. The first socialist state was the Russian Socialist Federative Soviet Republic , established in 1917. In 1922, it merged with the Byelorussian Soviet Socialist Republic , the Transcaucasian Soviet Federal Socialist Republic , and the Ukrainian Soviet Socialist Republic into a single federal union called the Union of Soviet Socialist Republics (USSR). The Soviet Union proclaimed itself
1404-417: A communist society)". The 2019 constitution retains the aim to work towards the construction of socialism. A number of countries make references to socialism in their constitutions that are not single-party states embracing Marxism–Leninism and planned economies. In most cases, these are constitutional references to the building of a socialist society and political principles that have little to no bearing on
1560-501: A crisis. By 1991, economic and political turmoil began to boil over as the Baltic states chose to secede from the Soviet Union. On 17 March, a referendum was held, in which the vast majority of participating citizens voted in favour of changing the Soviet Union into a renewed federation . In June 1991, Boris Yeltsin became the first directly elected President in Russian history when he
1716-583: A form of Marxism–Leninism, combined with nationalism and idolization, deification, and mystification of the Kim family. Similarly, direct references to communism in the Lao People's Democratic Republic are not included in its founding documents , although it gives direct power to the governing ruling party, the Marxist–Leninist Lao People's Revolutionary Party . The preamble to the constitution of
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#17328413605181872-639: A global superpower. After World War II, according to the Potsdam Conference , the Red Army occupied parts of Eastern and Central Europe, including East Germany and the eastern regions of Austria . Dependent communist governments were installed in the Eastern Bloc satellite states. After becoming the world's second nuclear power , the Soviet Union established the Warsaw Pact alliance, and entered into
2028-403: A highly organized stateless society . Libertarian communists, including anarchists , councillists , leftists , and Marxists , also reject the concept of a socialist state for being antithetical to socialism, but they believe that socialism can only be established through revolution and dissolving the existence of the state. Within the socialist movement, there is criticism towards the use of
2184-778: A large confederacy, which was subsequently taken over by the Cumans and the Kipchaks . The ancestors of Russians are among the Slavic tribes that separated from the Proto-Indo-Europeans, who appeared in the northeastern part of Europe c. 1500 years ago. The East Slavs gradually settled western Russia (approximately between modern Moscow and Saint-Petersburg ) in two waves: one moving from Kiev towards present-day Suzdal and Murom and another from Polotsk towards Novgorod and Rostov . Prior to Slavic migration, that territory
2340-447: A more decentralized approach which puts the means of production directly into the hands of the workers rather than indirectly through state bureaucracies which they claim represent a new elite or class . This leads them to consider state socialism a form of state capitalism (an economy based on centralized management, capital accumulation and wage labor, but with the state owning the means of production) which Engels stated would be
2496-502: A point where a revolutionary movement arises. A revolutionary movement is required (in the view of Marxists) to sweep away the capitalist state and the dictatorship of the bourgeoisie, which must be abolished and replaced with a dictatorship of the proletariat, to begin constructing a socialist society. In this view, only through revolution can a socialist state be established as written in The Communist Manifesto : In depicting
2652-517: A revolutionary vanguard party acting as representatives of the proletariat and its interests. According to Lenin's April Theses , the goal of the revolution and vanguard party is not the introduction of socialism (it could only be established on a worldwide scale), but to bring production and the state under the control of the soviets of workers' deputies. Following the October Revolution in Russia,
2808-417: A scientific " administration of things" that would be concerned with directing processes of production in a socialist society, essentially ceasing to be a state. Although Marx never referred to a "socialist state", he argued that the working class would have to take control of the state apparatus and of the machinery of government in order to transition out of capitalism and to socialism. The dictatorship of
2964-618: A secret protocol within the Molotov–Ribbentrop Pact with Nazi Germany . The Soviet Union later invaded Finland , and occupied and annexed the Baltic states , as well as parts of Romania . On 22 June 1941, Germany invaded the Soviet Union , opening the Eastern Front , the largest theater of World War II. Eventually, some 5 million Red Army troops were captured by the Nazis;
3120-669: A socialised economic system. The term can vary in its use from meaning a political system to adopting terms of a welfare state. This may either mean a system where the means of production, distribution, and exchange are nationalised or under state ownership, or simply a system in which social values or workers' interests have economic priority. However, the concept of a socialist state is mainly advocated by Marxist–Leninists and most socialist states have been established by political parties adhering to Marxism–Leninism or some national variation thereof such as Maoism , Stalinism , Titoism or Ho Chi Minh Thought . A state, whether socialist or not,
3276-557: A socialist state and proclaimed its commitment to building a socialist economy in its 1936 constitution and a subsequent 1977 constitution . It was governed by the Communist Party of the Soviet Union as a single-party state, ostensibly with a democratic centralism organization, with Marxism–Leninism remaining its official guiding ideology until the dissolution of the Soviet Union on 26 December 1991. The political systems of these Marxist–Leninist socialist states revolved around
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#17328413605183432-416: A state under the control of a vanguard party that is organizing the economic, social, and political affairs of said state toward the construction of socialism. States run by communist parties that adhere to Marxism–Leninism, or some national variation thereof, refer to themselves as socialist states or workers' and peasants' states. They involve the direction of economic development toward the building up of
3588-554: A state would be a temporary affair and suggests that a new generation brought up in "new and free social conditions" will be able to "throw the entire lumber of the state on the scrap-heap". Socialists who embraced reformism , exemplified by the German politician Eduard Bernstein (1850-1932), took the view that both socialism and a socialist state will gradually evolve out of political reforms won by organized socialist political-parties and unions. More-orthodox Marxists regard these views as
3744-508: A struggle for global dominance, known as the Cold War , with the rivalling United States and NATO . After Stalin's death in 1953 and a short period of collective rule , the new leader Nikita Khrushchev denounced Stalin and launched the policy of de-Stalinization , releasing many political prisoners from the Gulag labour camps. The general easement of repressive policies became known later as
3900-505: A time. The real fruit of their battles lies, not in the immediate result, but in the ever expanding union of the workers. [...] [I]t ever rises up again, stronger, firmer, mightier. It compels legislative recognition of particular interests of the workers, by taking advantage of the divisions among the bourgeoisie itself. Thus, the ten-hours' bill in England was carried. According to the orthodox Marxist conception, these battles eventually reach
4056-564: Is Moscow . Saint Petersburg is Russia's second-largest city and its cultural capital . The East Slavs emerged as a recognised group in Europe between the 3rd and 8th centuries CE. The first East Slavic state, Kievan Rus' , arose in the 9th century, and in 988, it adopted Orthodox Christianity from the Byzantine Empire . Kievan Rus' ultimately disintegrated; the Grand Duchy of Moscow led
4212-612: Is a state representing the interests of the working class which presides over a state capitalist economy structured upon state-directed accumulation of capital with the goal of building up the country's productive forces and promoting worldwide socialist revolution , while the realization of a socialist economy is held as the long-term goal. In the Western world, particularly in mass media, journalism, and politics, these states and countries are often called communist states (although they do not use this term to refer to themselves), despite
4368-456: Is no need for a state in a socialist system because there would be no class to suppress and no need for an institution based on coercion and therefore, regard the state being a remnant of capitalism. They hold that statism is antithetical to true socialism, the goal of which is the eyes of libertarian socialists such as William Morris , who wrote as follows in a Commonweal article: "State Socialism? — I don't agree with it; in fact, I think
4524-470: Is opposed the most by anarchists, who reject the idea that the state can be used to establish a socialist society due to its hierarchical and arguably coercive nature, considering a socialist state or state socialism as an oxymoron . The concept of a socialist state is also considered unnecessary or counterproductive and rejected by some classical , libertarian , and orthodox Marxists, libertarian socialists and other socialist political thinkers who view
4680-487: Is undemocratic; and Marxism–Leninism is neither Marxism nor Leninism , but rather, a composite ideology which socialist leaders like Joseph Stalin used to expediently determine what is communism and what is not communism among the Eastern Bloc countries. Although most Marxist–Leninists distinguish between communism and socialism , Bordiga, who did consider himself a Leninist and has been described as being "more Leninist than Lenin", did not distinguish between
4836-543: The Battle of Kursk in the summer of 1943. Another German failure was the Siege of Leningrad , in which the city was fully blockaded on land between 1941 and 1944 by German and Finnish forces, and suffered starvation and more than a million deaths, but never surrendered. Soviet forces steamrolled through Eastern and Central Europe in 1944–1945 and captured Berlin in May 1945. In August 1945,
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4992-521: The Bolshevik -led revolution in Russia , many socialist groups—including reformists, orthodox Marxist currents such as council communism , and the Mensheviks , as well as anarchists and other libertarian socialists—criticized the idea of using the state to conduct planning and nationalization of the means of production as a way to establish socialism. Lenin himself acknowledged state capitalism as part of
5148-453: The Bolsheviks consolidated their power and sought to control and direct the social and economic affairs of the state and broader Russian society to safeguard against counterrevolutionary insurrection, foreign invasion, and to promote socialist consciousness among the Russian population while simultaneously promoting economic development. These ideas were adopted by Lenin in 1917 just prior to
5304-731: The Brusilov Offensive of the Imperial Russian Army almost completely destroyed the Austro-Hungarian Army . However, the already-existing public distrust of the regime was deepened by the rising costs of war, high casualties , and rumors of corruption and treason. All this formed the climate for the Russian Revolution of 1917, carried out in two major acts. In early 1917, Nicholas II was forced to abdicate ; he and his family were imprisoned and later executed during
5460-495: The Communist International ; and that a political vanguard organized by organic centralism was more effective than a vanguard organized by democratic centralism . The American Marxist Raya Dunayevskaya also dismissed it as a type of state capitalism because state ownership of the means of production is a form of state capitalism; the dictatorship of the proletariat is a form of democracy and single-party rule
5616-470: The Congress of Vienna , which defined the map of post-Napoleonic Europe. The officers who pursued Napoleon into Western Europe brought ideas of liberalism back to Russia, and attempted to curtail the tsar's powers during the abortive Decembrist revolt of 1825. At the end of the conservative reign of Nicholas I (1825–1855), a zenith period of Russia's power and influence in Europe, was disrupted by defeat in
5772-677: The Crimean War . Nicholas's successor Alexander II (1855–1881) enacted significant changes throughout the country, including the emancipation reform of 1861 . These reforms spurred industrialisation, and modernised the Imperial Russian Army, which liberated much of the Balkans from Ottoman rule in the aftermath of the 1877–1878 Russo-Turkish War . During most of the 19th and early 20th century, Russia and Britain colluded over Afghanistan and its neighbouring territories in Central and South Asia;
5928-521: The Eastern Front . With the onset of the Cold War , it competed with the United States for ideological dominance and international influence . The Soviet era of the 20th century saw some of the most significant Russian technological achievements , including the first human-made satellite and the first human expedition into outer space . In 1991, the Russian SFSR emerged from the dissolution of
6084-623: The European Economic Community because it demanded a free-market capitalist economy among its members. Nevertheless, public ownership in France and the United Kingdom during the height of nationalization in the 1960s and 1970s never accounted for more than 15–20% of capital formation , further dropping to 8% in the 1980s and below 5% in the 1990s after the rise of neoliberalism . The socialist policies practiced by parties such as
6240-600: The Great Northern War (1700–1721), securing Russia's access to the sea and sea trade. In 1703, on the Baltic Sea, Peter founded Saint Petersburg as Russia's new capital. Throughout his rule, sweeping reforms were made , which brought significant Western European cultural influences to Russia. He was succeeded by Catherine I (1725–1727), followed by Peter II (1727–1730), and Anna . The reign of Peter I's daughter Elizabeth in 1741–1762 saw Russia's participation in
6396-672: The Khrushchev Thaw . At the same time, Cold War tensions reached its peak when the two rivals clashed over the deployment of the United States Jupiter missiles in Turkey and Soviet missiles in Cuba . In 1957, the Soviet Union launched the world's first artificial satellite , Sputnik 1 , thus starting the Space Age . Russian cosmonaut Yuri Gagarin became the first human to orbit
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6552-539: The Marxist tradition conceive of the state as representing the interests of its ruling class, partially out of material necessity for the smooth operation of the modes of production which the state presides over. Marxists trace the formation of the contemporary form of the sovereign state to the emergence of capitalism as a dominant mode of production, with its organizational precepts and functions designed by capitalists and by their supporters specifically to manage and regulate
6708-598: The October Revolution . Additional people's republics emerged following the Allied victory in World War II, mainly within the Eastern Bloc . In Asia, China became a people's republic following the Chinese Communist Revolution and North Korea also became a people's republic. During the 1960s, Romania and Yugoslavia ceased to use the term people's republic in their official name, replacing it with
6864-681: The Oldowan period in the early Lower Paleolithic . About 2 million years ago, representatives of Homo erectus migrated to the Taman Peninsula in southern Russia. Flint tools, some 1.5 million years old, have been discovered in the North Caucasus . Radiocarbon dated specimens from Denisova Cave in the Altai Mountains estimate the oldest Denisovan specimen lived 195–122,700 years ago. Fossils of Denny , an archaic human hybrid that
7020-556: The Rurik dynasty that ruled Kievan Rus' collectively. Kiev's dominance waned, to the benefit of Vladimir-Suzdal in the north-east, the Novgorod Republic in the north, and Galicia-Volhynia in the south-west. By the 12th century, Kiev lost its pre-eminence and Kievan Rus' had fragmented into different principalities. Prince Andrey Bogolyubsky sacked Kiev in 1169 and made Vladimir his base, leading to political power being shifted to
7176-786: The Russian Civil War . The monarchy was replaced by a shaky coalition of political parties that declared itself the Provisional Government , and proclaimed the Russian Republic . On 19 January [ O.S. 6 January], 1918, the Russian Constituent Assembly declared Russia a democratic federal republic (thus ratifying the Provisional Government's decision). The next day the Constituent Assembly
7332-501: The Russian Federation , is a country spanning Eastern Europe and North Asia . It is the largest country in the world by area , extending across eleven time zones and sharing land borders with fourteen countries . It is the world's ninth-most populous country and Europe's most populous country . Russia is a highly urbanised country including 16 population centres with over a million inhabitants. Its capital and largest city
7488-612: The Russian SFSR —the world's first constitutionally socialist state . Following the Russian Civil War , the Russian SFSR established the Soviet Union with three other Soviet republics , within which it was the largest and principal constituent. At the expense of millions of lives , the Soviet Union underwent rapid industrialisation in the 1930s and later played a decisive role for the Allies in World War II by leading large-scale efforts on
7644-611: The Seven Years' War (1756–1763). During the conflict, Russian troops overran East Prussia , reaching Berlin. However, upon Elizabeth's death, all these conquests were returned to the Kingdom of Prussia by pro-Prussian Peter III of Russia . Catherine II ("the Great"), who ruled in 1762–1796, presided over the Russian Age of Enlightenment . She extended Russian political control over
7800-810: The Siberian River Routes , and by the mid-17th century, there were Russian settlements in eastern Siberia, on the Chukchi Peninsula , along the Amur River , and on the coast of the Pacific Ocean. In 1648, Semyon Dezhnyov became the first European to navigate through the Bering Strait . Under Peter the Great , Russia was proclaimed an empire in 1721, and established itself as one of the European great powers. Ruling from 1682 to 1725, Peter defeated Sweden in
7956-414: The Socialist Republic of Vietnam states that Vietnam only entered a transition stage between capitalism and socialism after the country was reunified under the Communist Party of Vietnam in 1976. The 1992 constitution of the Republic of Cuba states that the role of the Communist Party of Cuba is to "guide the common effort toward the goals and construction of socialism (and the progress toward
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#17328413605188112-412: The Soviet Union , by joining the Russian SFSR into a single state with the Byelorussian , Transcaucasian , and Ukrainian republics. Eventually internal border changes and annexations during World War II created a union of 15 republics ; the largest in size and population being the Russian SFSR, which dominated the union politically, culturally, and economically. Following Lenin's death in 1924,
8268-409: The Workers' Party of Korea (WPK), known as Juche . Originally regarded as a variant of Marxism–Leninism, Juche was declared to be fully distinct by his son and successor, Kim Jong Il , and was adopted as the official state ideology in the 1972 constitution of North Korea . Further developed throughout the 1980s and 1990s, Juche made significant ideological breaks with Marxism–Leninism, and in
8424-414: The largest stockpile of nuclear weapons and has the third-highest military expenditure . Russia is generally considered a great power and is a regional power . Internationally, Russia ranks very low in measurements of democracy , human rights and freedom of the press ; the country also has high levels of perceived corruption . As of 2024, Russia has a high-income economy which ranks eleventh in
8580-529: The laws of capitalism still operated fully and private enterprise dominated the economy, some political commentators claimed that during the post-war period, when socialist parties were in power, countries such as Britain and France were democratic socialist states and the same is now applied to the Nordic countries and the Nordic model . In the 1980s, the government of President François Mitterrand aimed to expand dirigisme and attempted to nationalize all French banks, but this attempt faced opposition of
8736-518: The lower-phase communism . For Bordiga, both stages of socialist or communist society —with stages referring to historical materialism —were characterized by the gradual absence of money, the market, and so on, the difference between them being that earlier in the first stage, a system of rationing would be used to allocate goods to people, while in communism this could be abandoned in favour of full free access. This view distinguished Bordiga from Marxist–Leninists, who tended, and still tend, to telescope
8892-405: The productive forces to underpin the establishment of a socialist economy and usually include that at least the commanding heights of the economy are nationalized and under state ownership . This may or may not include the existence of a socialist economy, depending on the specific terminology adopted and level of development in specific countries. The Leninist definition of a socialist state
9048-494: The 10th to 11th centuries, Kievan Rus' became one of the largest and most prosperous states in Europe. The reigns of Vladimir the Great (980–1015) and his son Yaroslav the Wise (1019–1054) constitute the Golden Age of Kiev, which saw the acceptance of Orthodox Christianity from Byzantium , and the creation of the first East Slavic written legal code , the Russkaya Pravda . The age of feudalism and decentralisation had come, marked by constant in-fighting between members of
9204-462: The 11th century and frequently in 12th-century British sources, in turn derived from Russi , 'the Russians' and the suffix -ia . In modern historiography, this state is usually denoted as Kievan Rus' after its capital city. Another Medieval Latin name for Rus' was Ruthenia . In Russian, the current name of the country, Россия ( Rossiya ), comes from the Byzantine Greek name for Rus', Ρωσία ( Rosía ). A new form of
9360-448: The 16th century, Russia expanded east of the Ural Mountains . However, the Tsardom was weakened by the long and unsuccessful Livonian War against the coalition of the Kingdom of Poland and the Grand Duchy of Lithuania (later the united Polish–Lithuanian Commonwealth ), the Kingdom of Sweden , and Denmark–Norway for access to the Baltic coast and sea trade. In 1572, an invading army of Crimean Tatars were thoroughly defeated in
9516-428: The Byzantine double-headed eagle his own, and eventually Russia's, coat-of-arms. Vasili III united all of Russia by annexing the last few independent Russian states in the early 16th century. In development of the Third Rome ideas, the grand duke Ivan IV ("the Terrible") was officially crowned the first tsar of Russia in 1547. The tsar promulgated a new code of laws ( Sudebnik of 1550 ), established
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#17328413605189672-406: The Earth, aboard the Vostok 1 crewed spacecraft on 12 April 1961 . Following the ousting of Khrushchev in 1964, another period of collective rule ensued, until Leonid Brezhnev became the leader. The era of the 1970s and the early 1980s was later designated as the Era of Stagnation . The 1965 Kosygin reform aimed for partial decentralisation of the Soviet economy . In 1979, after
9828-572: The Great changed the name of the state from Tsardom of Russia ( Russian : Русское царство , romanized : Russkoye tsarstvo ) or Tsardom of Muscovy ( Russian : Московское царство , romanized : Moskovskoye tsarstvo ) to Russian Empire ( Rossiiskaia imperiia ). There are several words in Russian which translate to "Russians" in English. The noun and adjective русский , russkiy refers to ethnic Russians . The adjective российский , rossiiskiy denotes Russian citizens regardless of ethnicity. The same applies to
9984-440: The October Revolution in Russia and published in The State and Revolution . With the failure of the worldwide revolution, or at least European revolution, envisaged by Lenin and Leon Trotsky , the Russian Civil War and finally, Lenin's death, war measures that were deemed to be temporary, such as forced requisition of food and the lack of democratic control, became permanent and a tool to boost Joseph Stalin 's power, leading to
10140-399: The Paris Commune as the prototype for a revolutionary government of the future, "the form at last discovered" for the emancipation of the proletariat. Engels noted that "all officials, high or low, were paid only the wages received by other workers. [...] In this way, an effective barrier to place-hunting and careerism was set up". Commenting on the nature of the state, Engels continued: "From
10296-415: The Polish–Lithuanian Commonwealth and annexed most of its territories into Russia , making it the most populous country in Europe. In the south, after the successful Russo-Turkish Wars against the Ottoman Empire , Catherine advanced Russia's boundary to the Black Sea, by dissolving the Crimean Khanate , and annexing Crimea . As a result of victories over Qajar Iran through the Russo-Persian Wars , by
10452-692: The Provisional Government and gave full governing power to the soviets, leading to the creation of the world's first socialist state . The Russian Civil War broke out between the anti-communist White movement and the Bolsheviks with its Red Army . In the aftermath of signing the Treaty of Brest-Litovsk that concluded hostilities with the Central Powers of World War I ; Bolshevist Russia surrendered most of its western territories, which hosted 34% of its population, 54% of its industries, 32% of its agricultural land, and roughly 90% of its coal mines. The Allied powers launched an unsuccessful military intervention in support of anti-communist forces. In
10608-406: The Red Army invaded Manchuria and ousted the Japanese from Northeast Asia, contributing to the Allied victory over Japan. The 1941–1945 period of World War II is known in Russia as the Great Patriotic War . The Soviet Union, along with the United States, the United Kingdom and China were considered the Big Four of Allied powers in World War II, and later became the Four Policemen , which
10764-403: The Russian autocratic state. The destruction of Kievan Rus' saw the eventual rise of the Grand Duchy of Moscow , initially a part of Vladimir-Suzdal . While still under the domain of the Mongol - Tatars and with their connivance, Moscow began to assert its influence in the region in the early 14th century, gradually becoming the leading force in the "gathering of the Russian lands". When
10920-476: The Russian parliament culminated in a constitutional crisis which ended violently through military force. During the crisis, Yeltsin was backed by Western governments, and over 100 people were killed. In December, a referendum was held and approved, which introduced a new constitution, giving the president enormous powers. The 1990s were plagued by armed conflicts in the North Caucasus , both local ethnic skirmishes and separatist Islamist insurrections. From
11076-442: The Singaporean People's Action Party (PAP) during its first few decades in power were of a pragmatic kind as characterized by its rejection of nationalization. Despite this, the PAP still claimed to be a socialist party , pointing out its regulation of the private sector, state intervention in the economy, and social policies as evidence of this. The Singaporean prime minister Lee Kuan Yew also stated that he has been influenced by
11232-702: The Son Tay branch broke into the warehouse of the Phan Dang Anh family, who live in Xuan Phu commune, Phu Tho district, Hanoi, with the intention of collecting debt and sealing property. On April 6, 2016, a "special debt collection team" wearing uniforms and carrying batons, shields, and crowbars broke down the door of the house at 756 Quang Trung Street, Ha Dong, belonging to the Doan The Minh family, in order to pressure them to pay their debt. Russia Russia , or
11388-615: The Soviet Union as the Russian Federation. A new constitution was adopted, which established a federal semi-presidential system . Since the turn of the century, Russia's political system has been dominated by Vladimir Putin , under whom the country has experienced democratic backsliding and become an authoritarian dictatorship . Russia has been militarily involved in a number of conflicts in former Soviet states and other countries , including its war with Georgia in 2008 and its war with Ukraine since 2014, which has involved
11544-538: The Soviet Union a socialist state, nor did he claim that it had achieved socialism. He adopted state capitalist policies, defending them from left-wing criticism, but arguing that they were necessary for the future development of socialism and not socialist in themselves. On seeing the Soviet Union's growing coercive power, Lenin was quoted as saying that Russia had reverted to "a bourgeois tsarist machine [...] barely varnished with socialism". A variety of non-state, libertarian communist and socialist positions reject
11700-408: The Soviet Union led Russia into a deep and prolonged depression. During and after the disintegration of the Soviet Union, wide-ranging reforms including privatisation and market and trade liberalisation were undertaken, including radical changes along the lines of " shock therapy ". The privatisation largely shifted control of enterprises from state agencies to individuals with inside connections in
11856-571: The Soviet Union. The transitional disorganisation of the country's agriculture, combined with the harsh state policies and a drought, led to the Soviet famine of 1932–1933 ; which killed 5.7 to 8.7 million, 3.3 million of them in the Russian SFSR. The Soviet Union, ultimately, made the costly transformation from a largely agrarian economy to a major industrial powerhouse within a short span of time. The Soviet Union entered World War II on 17 September 1939 with its invasion of Poland , in accordance with
12012-455: The Soviet system, introduced the policies of glasnost (openness) and perestroika (restructuring) in an attempt to end the period of economic stagnation and to democratise the government . This, however, led to the rise of strong nationalist and separatist movements across the country. Prior to 1991, the Soviet economy was the world's second-largest, but during its final years, it went into
12168-594: The Ukrainian leader, Bohdan Khmelnytsky , offered to place Ukraine under the protection of the Russian tsar, Alexis ; whose acceptance of this offer led to another Russo-Polish War . Ultimately, Ukraine was split along the Dnieper , leaving the eastern part, ( Left-bank Ukraine and Kiev ) under Russian rule. In the east, the rapid Russian exploration and colonisation of vast Siberia continued, hunting for valuable furs and ivory. Russian explorers pushed eastward primarily along
12324-801: The Volga-Dnieper region of southern Russia and Ukraine as the urheimat of the Proto-Indo-Europeans . Early Indo-European migrations from the Pontic–Caspian steppe of Ukraine and Russia spread Yamnaya ancestry and Indo-European languages across large parts of Eurasia. Nomadic pastoralism developed in the Pontic–Caspian steppe beginning in the Chalcolithic . Remnants of these steppe civilizations were discovered in places such as Ipatovo , Sintashta , Arkaim , and Pazyryk , which bear
12480-459: The Welfare State have come to be used as interchangeable terms, and in the mouths of some people, as terms of reproach. Why this is so it is not difficult to understand, if you view everything from the angle of a strictly individualistic competitive society. A free health service is pure Socialism and as such, it is opposed to the hedonism of capitalist society. Although, as in the rest of Europe,
12636-500: The administration of things", thereby ceasing to be a state by the traditional definition. With the fall of the 1871 Paris Commune , Marx cautiously argued in The Civil War in France that "the working class cannot simply lay hold of the ready-made state machinery, and wield it for its own purposes. The centralized state power, with its ubiquitous organs of standing army, police, bureaucracy, clergy, and judicature—organs wrought after
12792-400: The affairs of a capitalist economy. Because this involves governance and laws passed in the interest of the bourgeoisie as a whole, and because government officials either come from the bourgeoisie or are dependent upon bourgeois interests, Marx characterized the capitalist state as a dictatorship of the bourgeoisie . Extrapolating from this, Marx described a post-revolutionary government on
12948-734: The bank's total assets and net income were VND 568,811bn ($ 24.89bn) and 18,038bn ($ 789 million) respectively. In 2024, Techcombank won four prestigious awards from the Asian Banker for excellence in transaction banking, for its use of cloud-based technology, data and AI, for its use of cloud-based technology and growth strategy in retail banking. It was also named as the Best Transaction Bank in Vietnam and top prize for Best Transaction Bank in Vietnam for consecutive two years. On April 17, 2015, several people claiming to be Techcombank employees from
13104-576: The capital Moscow. In 1612, the Poles were forced to retreat by the Russian volunteer corps, led by merchant Kuzma Minin and prince Dmitry Pozharsky . The Romanov dynasty acceded to the throne in 1613 by the decision of the Zemsky Sobor, and the country started its gradual recovery from the crisis. Russia continued its territorial growth through the 17th century, which was the age of the Cossacks . In 1654,
13260-404: The central role of the party which holds ultimate authority. Internally, the communist party practiced a form of democracy called democratic centralism . During the 22nd Congress of the Communist Party of the Soviet Union in 1961, Nikita Khrushchev announced the completion of socialist construction and declared the optimistic goal of achieving communism in twenty years . The Eastern Bloc
13416-561: The character of the national power of capital over labour, of a public organized for social enslavement , of an engine of class despotism'". One of the most influential modern visions of a transitional state representing proletarian interests stemmed from the example of the Paris Commune, in which the workers and working poor took control of the city of Paris in 1871 in reaction to the Franco-Prussian War of 1870-1871. Marx described
13572-689: The company listed its shares on the Ho Chi Minh City Stock Exchange. The company raised more than $ 900 million through the IPO , making it Vietnam ’s largest IPO to date. The majority of the IPO shares was reserved for so-called cornerstone investors, i.e . institutional investors which included GIC , Fidelity and Dragon Capital . Today, Techcombank is one of the largest joint stock banks in Vietnam. As of 2019, it has more than 300 branches and serves more than 5 million customers. As of 2021,
13728-401: The concept of a socialist state altogether, believing that the modern state is a byproduct of capitalism and cannot be used for the establishment of a socialist system. They reason that a socialist state is antithetical to socialism and that socialism will emerge spontaneously from the grassroots level in an evolutionary manner , developing its own unique political and economic institutions for
13884-400: The concept of establishing a socialist state instead of abolishing the bourgeois state apparatus outright. They use the term state socialism to contrast it with their own form of socialism, which involves either collective ownership (in the form of worker cooperatives ) or common ownership of the means of production without state centralized planning . Those socialists believe there
14040-530: The control of the Golden Horde and consolidated the whole of northern Rus' under Moscow's dominion, and was the first Russian ruler to take the title "Grand Duke of all Rus'". After the fall of Constantinople in 1453, Moscow claimed succession to the legacy of the Eastern Roman Empire . Ivan III married Sophia Palaiologina , the niece of the last Byzantine emperor Constantine XI , and made
14196-565: The country's productive forces while simultaneously promoting world communism . Academics, political commentators, and other scholars tend to distinguish between authoritarian socialist and democratic socialist states, with the first representing the Soviet Bloc and the latter representing Western Bloc countries which have been democratically governed by socialist parties such as Britain , France , Italy , and Western social democracies in general, among others, all of which operate within
14352-498: The country's 1992 constitution, all references to Marxism–Leninism and communism were removed from state and party materials. Scholars are divided over the classification of the modern-day Juche , with some considering it to be a departure from Marxist–Leninist principles, given the primacy of family lineage and nationalism over class struggle , and where social distinction and hierarchy are promoted over classless society and egalitarianism , and others considering it to still be
14508-446: The crucial Battle of Molodi . The death of Ivan's sons marked the end of the ancient Rurik dynasty in 1598, and in combination with the disastrous famine of 1601–1603 , led to a civil war, the rule of pretenders, and foreign intervention during the Time of Troubles in the early 17th century. The Polish–Lithuanian Commonwealth , taking advantage, occupied parts of Russia, extending into
14664-404: The democratic socialist British Labour Party. Because most existing socialist states operated along Marxist–Leninist principles of governance, the terms Marxist–Leninist regime and Marxist–Leninist state are used by scholars, particularly when focusing on the political systems of these countries. A people's republic is a type of socialist state with a republican constitution. Although
14820-481: The desired workers' state which he forecast would follow. Following Stalin's consolidation of power in the Soviet Union and static centralization of political power, Trotsky condemned the Soviet government's policies for lacking widespread democratic participation on the part of the population and for suppressing workers' self-management and democratic participation in the management of the economy. Because these authoritarian political measures were inconsistent with
14976-469: The development of socialism. Socialist states in the Marxist–Leninist sense are sovereign states under the control of a vanguard party which is organizing the country's economic, political, and social development toward the realization of socialism. Economically, this involves the development of a state capitalist economy with state-directed capital accumulation with the long-term goal of building up
15132-559: The earliest known traces of horses in warfare . The genetic makeup of speakers of the Uralic language family in northern Europe was shaped by migration from Siberia that began at least 3,500 years ago. In the 3rd to 4th centuries CE, the Gothic kingdom of Oium existed in southern Russia, which was later overrun by Huns . Between the 3rd and 6th centuries CE, the Bosporan Kingdom , which
15288-400: The emergence of Marxism–Leninism and Stalinism , as well as the notion that socialism can be created and exist in a single state with theory of socialism in one country . Lenin argued that as socialism is replaced by communism, the state would " wither away " as strong centralized control progressively reduces as local communities gain more empowerment. As he put it succinctly, "[s]o long as
15444-488: The establishment of socialism . The term communist state is often used synonymously in the West , specifically when referring to one-party socialist states governed by Marxist–Leninist communist parties , despite these countries being officially socialist states in the process of building socialism and progressing toward a communist society. These countries never describe themselves as communist nor as having implemented
15600-463: The fact that these countries never claimed to have achieved communism in their countries—rather, they claim to be building and working toward the establishment of socialism and the development towards communism thereafter in their countries. Terms used by communist states include national-democratic , people's democratic , people's republican , socialist-oriented , and workers' and peasants' states. Karl Marx and subsequent thinkers in
15756-403: The final form of capitalism rather than socialism. Some Trotskyists following on from Tony Cliff deny that it is socialism, calling it state capitalism. Other Trotskyists agree that these states could not be described as socialist, but deny that they were state capitalist. They support Leon Trotsky 's analysis of pre-restoration Soviet Union as a workers' state that had degenerated into
15912-501: The first post-war Labour government and the architect of the National Health Service , disputed the claim that Britain was a socialist state. For Crosland and others who supported his views, Britain was a socialist state. According to Bevan, Britain had a socialist National Health Service which stood in opposition to the hedonism of Britain's capitalist society, making the following point: The National Health service and
16068-474: The first Europeans to reach and colonise Alaska . In 1803–1806, the first Russian circumnavigation was made. In 1820, a Russian expedition discovered the continent of Antarctica . During the Napoleonic Wars , Russia joined alliances with various European powers, and fought against France. The French invasion of Russia at the height of Napoleon's power in 1812 reached Moscow, but eventually failed as
16224-549: The first Russian feudal representative body (the Zemsky Sobor ), revamped the military, curbed the influence of the clergy, and reorganised local government. During his long reign, Ivan nearly doubled the already large Russian territory by annexing the three Tatar khanates: Kazan and Astrakhan along the Volga , and the Khanate of Sibir in southwestern Siberia. Ultimately, by the end of
16380-571: The first half of the 19th century, Russia also conquered the Caucasus . Catherine's successor, her son Paul , was unstable and focused predominantly on domestic issues . Following his short reign, Catherine's strategy was continued with Alexander I's (1801–1825) wresting of Finland from the weakened Sweden in 1809, and of Bessarabia from the Ottomans in 1812. In North America, the Russians became
16536-429: The first two stages and so have money and the other exchange categories surviving into socialism. But Bordiga would have none of this. For him, no society in which money, buying and selling, and the rest survived could be regarded as either socialist or communist—these exchange categories would die out before the socialist rather than the communist stage was reached. Stalin made the claim that the Soviet Union had reached
16692-485: The government, which led to the rise of Russian oligarchs . Many of the newly rich moved billions in cash and assets outside of the country in an enormous capital flight . The depression of the economy led to the collapse of social services—the birth rate plummeted while the death rate skyrocketed, and millions plunged into poverty; while extreme corruption, as well as criminal gangs and organised crime rose significantly. In late 1993, tensions between Yeltsin and
16848-533: The internationally unrecognised annexations of Ukrainian territory including Crimea in 2014 and four other regions in 2022 during an ongoing invasion . Russia is a permanent member of the United Nations Security Council ; a member state of the G20 , SCO , BRICS , APEC , OSCE , and WTO ; and the leading member state of post-Soviet organisations such as CIS , CSTO , and EAEU/EEU . It possesses
17004-525: The latter deliberately starved to death or otherwise killed 3.3 million Soviet POWs , and a vast number of civilians, as the " Hunger Plan " sought to fulfil Generalplan Ost . Although the Wehrmacht had considerable early success, their attack was halted in the Battle of Moscow . Subsequently, the Germans were dealt major defeats first at the Battle of Stalingrad in the winter of 1942–1943, and then in
17160-577: The law of value no longer directs economic activity, namely, that monetary relations in the form of exchange-value , profit , interest, and wage labour would not operate and apply to Marxist socialism. Unlike Stalin, who first claimed to have achieved socialism with the Soviet Constitution of 1936 and then confirmed it in the Economic Problems of Socialism in the USSR , Lenin did not call
17316-467: The lower stage of communism and argued that the law of value still operated within a socialist economy. Marx did not use the term socialism to refer to this development and instead called it a communist society that has not yet reached its higher-stage. The term socialism to mean the lower-state of communism was popularized during the Russian Revolution by Lenin. This view is consistent with, and helped to inform early concepts of, socialism in which
17472-669: The meantime, both the Bolsheviks and White movement carried out campaigns of deportations and executions against each other, known respectively as the Red Terror and White Terror . By the end of the violent civil war, Russia's economy and infrastructure were heavily damaged, and as many as 10 million perished during the war, mostly civilians. Millions became White émigrés , and the Russian famine of 1921–1922 claimed up to five million victims. On 30 December 1922, Lenin and his aides formed
17628-422: The modern state as a byproduct of capitalism , which would have no function in a socialist system. A socialist state is to be distinguished from a multi-party liberal democracy governed by a self-described socialist party , where the state is not constitutionally bound to the construction of socialism. In such cases, the political system and machinery of government is not specifically structured to pursue
17784-505: The modern state would have no function and would gradually "wither away" or be transformed into a new form of governance. Influenced by the pre-Marxist utopian-socialist philosopher Henri de Saint-Simon (1760-1825), Friedrich Engels theorized that the nature of the state would change during the transition to socialism. Both Saint-Simon and Engels described a transformation of the state from an entity primarily concerned with political rule over people (via coercion and law-creation) to
17940-596: The more recently coined noun россиянин , rossiianyn , "Russian" in the sense of citizen of the Russian state. According to the Primary Chronicle , the word Rus' is derived from the Rus' people , who were a Swedish tribe, and where the three original members of the Rurikid dynasty came from. The Finnish word for Swedes, ruotsi , has the same origin. Later archeological studies mostly confirmed this theory. The first human settlement on Russia dates back to
18096-551: The most general phases of the development of the proletariat, we traced the more or less veiled civil war, raging within existing society, up to the point where that war breaks out into open revolution, and where the violent overthrow of the bourgeoisie lays the foundation for the sway of the proletariat. Other historic reformist or gradualist movements within socialism, as opposed to revolutionary approaches, include Fabian socialist and Menshevik groupings. Whereas Marx, Engels, and classical Marxist thinkers had little to say about
18252-533: The name Rus ' , Росия ( Rosiya ), was borrowed from the Greek term and first attested in 1387. The name Rossiia appeared in Russian sources in the late 15th century, but until the end of the 17th century the country was more often referred to by its inhabitants as Rus ' , the Russian land ( Russkaia zemlia ), or the Muscovite state ( Moskovskoe gosudarstvo ), among other variations. In 1721, Peter
18408-625: The north-east. Led by Prince Alexander Nevsky , Novgorodians repelled the invading Swedes in the Battle of the Neva in 1240, as well as the Germanic crusaders in the Battle on the Ice in 1242. Kievan Rus' finally fell to the Mongol invasion of 1237–1240, which resulted in the sacking of Kiev and other cities, as well as the death of a major part of the population. The invaders, later known as Tatars , formed
18564-601: The obstinate resistance in combination with the bitterly cold Russian winter led to a disastrous defeat of invaders, in which the pan-European Grande Armée faced utter destruction. Led by Mikhail Kutuzov and Michael Andreas Barclay de Tolly , the Imperial Russian Army ousted Napoleon and drove throughout Europe in the War of the Sixth Coalition , ultimately entering Paris. Alexander I controlled Russia's delegation at
18720-643: The official line. The continued internal struggle in the Bolshevik party culminated in the Great Purge . Under Stalin's leadership, the government launched a command economy , industrialisation of the largely rural country , and collectivisation of its agriculture . During this period of rapid economic and social change, millions of people were sent to penal labour camps , including many political convicts for their suspected or real opposition to Stalin's rule; and millions were deported and exiled to remote areas of
18876-423: The organization of the state in a socialist society, presuming the modern state to be specific to the capitalist mode of production, Vladimir Lenin pioneered the idea of a revolutionary state based on his theory of the revolutionary vanguard party and organizational principles of democratic centralism . Adapted to the conditions of semi-feudal Russia, Lenin's concept of the dictatorship of the proletariat involved
19032-517: The organizational precepts of socialism, Trotsky characterized the Soviet Union as a deformed workers' state that would not be able to effectively transition to socialism. Ostensibly socialist states where democracy is lacking, yet the economy is largely in the hands of the state, are termed by orthodox Trotskyist theories as degenerated or deformed workers' states and not socialist states. Many democratic and libertarian socialists, including anarchists, mutualists , and syndicalists , criticize
19188-565: The outset, the Commune was compelled to recognize that the working class, once come to power, could not manage with the old state machine". Engels states that in order to avoid overthrow once having conquered power, the working class "must, on the one hand, do away with all the old repressive machinery previously used against it itself, and, on the other, safeguard itself against its own deputies and officials, by declaring them all, without exception, subject to recall at any moment". Engels argues that such
19344-414: The part of the working class or proletariat as a dictatorship of the proletariat because the economic interests of the proletariat would have to guide state affairs and policy during a transitional state. Alluding further to the establishment of a socialist economy where social ownership displaces private ownership and thus, class distinctions on the basis of private-property ownership are eliminated,
19500-405: The plan of a systematic and hierarchic division of labor originates from the days of absolute monarchy, serving nascent middle class society as a mighty weapon in its struggle against feudalism". In other words, "the centralized state power inherited by the bourgeoisie from the absolute monarchy necessarily assumes, in the course of the intensifying struggles between capital and labor, 'more and more
19656-404: The proletariat would represent this transitional state and would involve working-class interests dominating government policy in the same manner that capitalist-class interests dominate government policy under capitalism (the dictatorship of the bourgeoisie). Engels argued that as socialism developed, the state would change in form and function. Under socialism, it is not a "government of people, but
19812-524: The rivalry between the two major European empires came to be known as the Great Game . The late 19th century saw the rise of various socialist movements in Russia. Alexander II was assassinated in 1881 by revolutionary terrorists. The reign of his son Alexander III (1881–1894) was less liberal but more peaceful. Under last Russian emperor, Nicholas II (1894–1917), the Revolution of 1905
19968-443: The rouble. High budget deficits coupled with increasing capital flight and inability to pay back debts, caused the 1998 Russian financial crisis , which resulted in a further GDP decline. Socialist state List of forms of government A socialist state , socialist republic , or socialist country , sometimes referred to as a workers' state or workers' republic , is a sovereign state constitutionally dedicated to
20124-845: The seat of the Metropolitan of the Russian Orthodox Church moved to Moscow in 1325, its influence increased. Moscow's last rival, the Novgorod Republic , prospered as the chief fur trade centre and the easternmost port of the Hanseatic League . Led by Prince Dmitry Donskoy of Moscow, the united army of Russian principalities inflicted a milestone defeat on the Mongol-Tatars in the Battle of Kulikovo in 1380. Moscow gradually absorbed its parent duchy and surrounding principalities, including formerly strong rivals such as Tver and Novgorod . Ivan III ("the Great") threw off
20280-399: The state exists, there is no freedom. When there will be freedom, there will be no state". In this way, Lenin was thereby proposing a classically dynamic view of progressive social structure which, during his own short period of governance, emerged as a defensive and preliminary bureaucratic centralist stage. He regarded this structural paradox as the necessary preparation for and antithesis of
20436-575: The state of the Golden Horde , which ruled over Russia for the next two centuries. Only the Novgorod Republic escaped foreign occupation after it agreed to pay tribute to the Mongols. Galicia-Volhynia would later be absorbed by Lithuania and Poland , while the Novgorod Republic continued to prosper in the north. In the northeast, the Byzantine-Slavic traditions of Kievan Rus' were adapted to form
20592-417: The structure and development paths of these countries' political and economic systems. Currently, these countries include Algeria , Bangladesh , Guyana , India , Nepal , Nicaragua , Sri Lanka and Tanzania . The idea of a socialist state stems from the broader notion of state socialism , the political perspective that the working class needs to use state power and government policy to establish
20748-533: The structure and guidance of these country's machinery of government and economic system . The preamble to the 1976 Constitution of Portugal states that the Portuguese state has, as one of its goals, opening "the way to socialist society". Another broad example is that of Slovenia, which defines itself as a "state governed by the rule of law and a social state". Algeria, the Congo, India, and Sri Lanka have directly used
20904-724: The term socialism was often used in reference to an Arab socialist / nationalist philosophy adopted by specific regimes, such as that of Gamal Abdel Nasser and that of the various Ba'ath parties . Examples of countries directly using the term socialist in their names include the Democratic Socialist Republic of Sri Lanka and the Socialist Republic of Vietnam, while a number of countries make references to socialism in their constitutions, but not in their names. These include India and Portugal. In addition, countries such as Belarus, Colombia, France, Russia, and Spain use
21060-422: The term socialist in their official constitution and name. Croatia, Hungary, and Poland directly denounce "Communism" in their founding documents in reference to their past regimes. In these cases, the intended meaning of socialism can vary widely and sometimes the constitutional references to socialism are left over from a previous period in the country's history. In the case of many Middle Eastern states,
21216-451: The term socialist republic as a mark of their ongoing political development. Czechoslovakia also added the term socialist republic into its name during this period. It had become a people's republic in 1948, but the country had not used that term in its official name. Albania used both terms in its official name from 1976 to 1991. The term socialist state is widely used by Marxist–Leninist parties, theorists, and governments to mean
21372-538: The term initially became associated with populist movements in the 19th century such as the German Völkisch movement and the Narodniks in Russia, it is now associated with Communist Party ruled states. A number of the short-lived communist states which formed during World War I and its aftermath called themselves people's republics . Many of these sprang up in the territory of the former Russian Empire following
21528-574: The term socialist states in relation to countries such as China and previously of Soviet Union and Eastern and Central European states before what some term the "collapse of Stalinism " in 1989. Anti-authoritarian communists and socialists such as anarchists, other democratic and libertarian socialists, as well as revolutionary syndicalists and left communists claim that the so-called socialist states actually presided over state capitalist economies and cannot be called socialist. Those socialists who oppose any system of state control whatsoever believe in
21684-523: The time Chechen separatists declared independence in the early 1990s, an intermittent guerrilla war was fought between the rebel groups and Russian forces. Terrorist attacks against civilians were carried out by Chechen separatists, claiming the lives of thousands of Russian civilians. After the dissolution of the Soviet Union, Russia assumed responsibility for settling the latter's external debts. In 1992, most consumer price controls were eliminated, causing extreme inflation and significantly devaluing
21840-470: The transition from capitalism to socialism. Critical of the economy and government of socialist states, left communists such as the Italian Amadeo Bordiga said that their socialism was a form of political opportunism which preserved rather than destroyed capitalism because of the claim that the exchange of commodities would occur under socialism ; the use of popular front organisations by
21996-431: The two in the same way Marxist–Leninists do. Both Lenin and Bordiga did not see socialism as a separate mode of production from communism, but rather, just as how communism looks as it emerges out of capitalism before it has "developed on its own foundations". This is coherent with Marx and Engels, who used the terms communism and socialism interchangeably. Like Lenin, Bordiga used socialism to mean what Marx called
22152-483: The two words contradict one another, and that it is the business of Socialism to destroy the State and put Free Society in its place". Classical and orthodox Marxists also view state socialism as an oxymoron, arguing that while an association for managing production and economic affairs would exist in socialism, it would no longer be a state in the Marxist definition , which is based on domination by one class . Preceding
22308-532: The unification of Russian lands, leading to the proclamation of the Tsardom of Russia in 1547. By the early 18th century, Russia had vastly expanded through conquest, annexation, and the efforts of Russian explorers , developing into the Russian Empire , which remains the third-largest empire in history . However, with the Russian Revolution in 1917, Russia's monarchic rule was abolished and eventually replaced by
22464-409: The varied term social state , leaving a more ambiguous meaning. In the constitutions of Croatia, Hungary, and Poland, direct condemnation is made to the respective past socialist regimes. The autonomous region of Rojava , which operates under the principles of democratic confederalism , has been described as a socialist state. During the post-war consensus , nationalization of large industries
22620-528: The world by nominal GDP and fourth at purchasing power parity , relying on its vast mineral and energy resources ; the world's second-largest for oil production and natural gas production . Russia is home to 32 UNESCO World Heritage Sites . According to the Oxford English Dictionary , the English name Russia first appeared in the 14th century, borrowed from Medieval Latin : Russia , used in
22776-449: Was elected President of the Russian SFSR. In August 1991, a coup d'état attempt by members of Gorbachev's government, directed against Gorbachev and aimed at preserving the Soviet Union, instead led to the end of the Communist Party of the Soviet Union. On 25 December 1991, following the dissolution of the Soviet Union , along with contemporary Russia, fourteen other post-Soviet states emerged. The economic and political collapse of
22932-613: Was a Hellenistic polity that succeeded the Greek colonies, was also overwhelmed by nomadic invasions led by warlike tribes such as the Huns and Eurasian Avars . The Khazars , who were of Turkic origin , ruled the steppes between the Caucasus in the south, to the east past the Volga river basin, and west as far as Kyiv on the Dnieper river until the 10th century. After them came the Pechenegs who created
23088-645: Was a political and economic bloc of Soviet-aligned socialist states in Eastern and Central Europe which adhered to Marxism–Leninism, Soviet-style governance , and economic planning in the form of the administrative-command system and command economy . China's socio-economic structure has been referred to as "nationalistic state capitalism" and the Eastern Bloc (Eastern Europe and the Third World ) as "bureaucratic-authoritarian systems." The People's Republic of China
23244-579: Was dissolved by the All-Russian Central Executive Committee . An alternative socialist establishment co-existed, the Petrograd Soviet , wielding power through the democratically elected councils of workers and peasants, called soviets . The rule of the new authorities only aggravated the crisis in the country instead of resolving it, and eventually, the October Revolution , led by Bolshevik leader Vladimir Lenin , overthrew
23400-507: Was found at Kostyonki–Borshchyovo , and at Sungir , dating back to 34,600 years ago—both in western Russia . Humans reached Arctic Russia at least 40,000 years ago, in Mamontovaya Kurya . Ancient North Eurasian populations from Siberia genetically similar to Mal'ta–Buret' culture and Afontova Gora were an important genetic contributor to Ancient Native Americans and Eastern Hunter-Gatherers . The Kurgan hypothesis places
23556-419: Was founded on 1 October 1949, and proclaims itself to be a socialist state in its 1982 constitution . The Democratic People's Republic of Korea (North Korea) used to adhere to orthodox Marxism–Leninism since its founding until mid-1950s, by which point the supreme leader of North Korea, Kim Il Sung , sought to develop a distinct Korean re-interpretation of the ideology in order to solidify his position within
23712-568: Was half Neanderthal and half Denisovan, and lived some 90,000 years ago, was also found within the latter cave. Russia was home to some of the last surviving Neanderthals, from about 45,000 years ago, found in Mezmaiskaya cave . The first trace of an early modern human in Russia dates back to 45,000 years, in Western Siberia . The discovery of high concentration cultural remains of anatomically modern humans , from at least 40,000 years ago,
23868-412: Was populated by Finno-Ugrian peoples. From the 7th century onwards, the incoming East Slavs slowly assimilated the native Finno-Ugrians. The establishment of the first East Slavic states in the 9th century coincided with the arrival of Varangians , the Vikings who ventured along the waterways extending from the eastern Baltic to the Black and Caspian Seas. According to the Primary Chronicle ,
24024-407: Was relatively widespread and it was not uncommon for commentators to describe some European countries as democratic socialist states seeking to move their countries toward a socialist economy . In 1956, leading British Labour Party politician and author Anthony Crosland claimed that capitalism had been abolished in Britain, although others such as Welshman Aneurin Bevan , Minister of Health in
24180-401: Was the foundation of the United Nations Security Council . During the war, Soviet civilian and military death were about 26–27 million , accounting for about half of all World War II casualties . The Soviet economy and infrastructure suffered massive devastation, which caused the Soviet famine of 1946–1947 . However, at the expense of a large sacrifice, the Soviet Union emerged as
24336-569: Was triggered by the humiliating failure of the Russo-Japanese War . The uprising was put down, but the government was forced to concede major reforms ( Russian Constitution of 1906 ), including granting freedoms of speech and assembly , the legalisation of political parties, and the creation of an elected legislative body, the State Duma . In 1914, Russia entered World War I in response to Austria-Hungary 's declaration of war on Russia's ally Serbia , and fought across multiple fronts while isolated from its Triple Entente allies. In 1916,
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