Communist countries unusual relationship with money

Communist countries unusual relationship with money

Today marks 100 years since the first communist government was formed. The Bolsheviks over threw the the Tsar autocracy in Russia which led the way to rise of the Soviet Union. The beginning of modern communism paved the way for several other countries attempt at creating a truly socialist state based on a classless society.However its success is questionable, this may be because of communist states unusual relationship with money.In a ideal communist society money would be removed, as no one works for profit, only for what is required. On one hand communist states have attempted to show money as meaningless, on the other it and amp;#39;s use as a tool to spread propaganda has been invaluable.Curator of Modern Money at the British Museum, Thomas Hockenhull spoke to IBTimes UK about how this contradiction worked in practice. 14 days ago
Trump brags in Japan it was not pleasant for nations that underestimated US military

Trump brags in Japan it was not pleasant for nations that underestimated US military

President Donald Trump has once again triggered furious criticism over his insensitive remarks while boasting about the strength of the US military on his first stop during his maiden tour of the Asian-Pacific region as president. During a speech at Yokota Air Base in Fussa, Japan, on 5 November Trump warned countries not to underestimate Americas resolve or prowess. 15 days ago
Manmohan Singh

In Gujarat, Manmohan Singh calls demonetisation a disaster

"Does questioning the Goods and Services Tax (GST ) and demonetisation make one a tax evader? This attitude of suspecting everyone to be thief or anti-national is damaging to democratic discourse," the former PM said. 14 days ago
Trump brags in Japan it was not pleasant for nations that underestimated US military

Trump brags in Japan it was not pleasant for nations that underestimated US military

President Donald Trump has once again triggered furious criticism over his insensitive remarks while boasting about the strength of the US military on his first stop during his maiden tour of the Asian-Pacific region as president. During a speech at Yokota Air Base in Fussa, Japan, on 5 November Trump warned countries not to underestimate Amerericas resolve or prowess. 15 days ago
Saudi authorities detain Prince in anti-corruption inquiry

Saudi authorities detain Prince in anti-corruption inquiry

Saudi authorities have detained one of the countries most prominenet businessman and head of the National Guard Prince Alwaleed Bin Talal as part of a new anti-corruption inquiry. The committee is chaired by King Salman and amp;#39;s 32-year-old son Prince Mohammed. Billionaire Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, was among 11 princes, four ministers and tens of former ministers detained.  16 days ago
Celebrities in Hollywood react to Texas church shooting

Celebrities in Hollywood react to Texas church shooting

Celebrities on their way into the Hollywood Film Awards reacted on November 5 to the news that at least 26 people had been killed in a church in Texas. The massacre came just weeks after a sniper killed 58 people at an outdoor concert in Las Vegas, the deadliest mass shooting in modern U.S. history. The shootings have stirred a years-long national debate over whether easy access to firearms was contributing to the trend. 15 days ago