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== "We already live in socialism" == See main page: [[''We already live in socialism'']] In the Communist Manifesto, Marx used '''bourgeois socialism''' to refer to certain reformists of his time who sought to remedy the ills of capitalism within capitalism. However, certain remarks about the efficacy of joint-stock companies and banks in Engels ''Socialism, Utopian and Scientific,'' and in the third Volume of Marx's ''Capital,'' may be coupled with [[Lenin]]'s ''Imperialism, the Highest Stage'' to historically analyze the bourgeois economic developments during the 20th century. Although neither Marx nor Engels use the term in this sense, one could use the term '''bourgeois socialism''' to describe the way in which - especially in the wake of the Great Depression - bourgeois states began to manage their economies through central banks, public work programs, and other means. In 2021, [[Haz Al-Din]] put forth the theory that [[''We already live in socialism''|we already live in socialism]], stating that we have already transitioned into an incipient socialist mode of production, but that this is not reflected by society's institutions, which are characterized by the continued rule of the now dynastic and semi-hereditary capitalist class who accumulate derivative profits from a more or less centrally planned economy.
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