this post was submitted on 11 May 2026
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People ignore the global impact the dissolution had. Socialist parties everywhere either rebranded to a neoliberalized form of social democracy or lost their traction. Entire labor movements collapsed and capitalist governments backpedaled on lots of welfare reforms that the working classes fought for with their blood, because there was no more a socialist global power to compete with.
Parenti wrote a great article on the subject https://www.marxists.org/archive/parenti/2002/global-rollback.pdf