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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.

Nov 7, 2017

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.

Nov 7, 2017

Green panel orders metro-fare cuts, 4-fold hike in parking fee, brick kilns' closure to help Delhi breathe

Environment Pollution Prevention and Control Authority (EPCA) ordered immediate intensification of the public transport system.

Nov 7, 2017

Did this family discover an 'alien satellite' in Florida? [VIDEO]

The family felt as if this mysterious object was being controlled by something or something.

Nov 7, 2017

French national arrested for molesting 3-year-old in Mumbai school; police sat on complaint for 6 months!

The Maharashtra Commission for Protection of Child Rights pulled up the police, for not taking any action against the complaint filed by the parents of the victim, since five months.

Nov 7, 2017

A picture is worth thousand words: 2 Kerala teachers win hearts with their dedication towards specially-abled kids

The viral photos were captured during District BUDS Special School Youth Festival in Malappuram.

Nov 7, 2017

Floating trash island spotted in Caribbean Sea

A floating island of trash has been discovered in the Caribbean Sea off the coast of Honduras. The island is made up from plastic waste. Divers spotted the trash when they were searching for an underwater island that was still unspoiled by humans, but the trash was covering the site.

Nov 7, 2017

Govt. to build a centralised database for marriage registration [VIDEO]

The move is meant to push citizens to register their marriages and to curb cases of NRI husbands abandoning Indian wives.

Nov 7, 2017

Can 'culture' in organizations eat strategy for 'breakfast'?

An eminent panel of global leaders is coming together to discuss the leadership of tomorrow at the on November 10, 11 in Bangalore. Many engaging conversations lined up.

Nov 7, 2017

Sydney: 52-year-old woman rams SUV into classroom, 2 eight-year-olds die

Paramedics rushed to the scene of carnage with overwhelmed children and teachers and 17 children and one female teacher were treated on the spot. Three others kids are in hospital.

Nov 7, 2017

BIZARRE: Dog owner discovers 'exact image' of Donald Trump in pet beagle's EAR [PHOTO]

The two-year-old Beagle named Chief has become a sensation after a photo of the dog's ear went viral.

Nov 7, 2017

Watch how this 7-year-old Wonder Girl from Mysuru drives four-wheelers to multi-axle lorry [VIDEOS]

The child prodigy, Rifah Taskeen, is a Class 2 student from Mysuru.

Nov 7, 2017

Indian-origin man jailed in US for 27 years, charged with funding Al-Qaeda

Mohammad's brother was also among the people arrested. He came to the United States to study at Ohio State University in 2002. He later married a US citizen in 2008.

Nov 7, 2017

Sexist movie cliches that need to go away for good

These three sexist Hollywood cliches have long plagued television and cinema.

Nov 7, 2017

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.

Nov 7, 2017