China’s market socialism and ideological adaptation

Welcome to the finale of Origin Story season eight: the story of socialism. Thanks to everybody who has followed our most ambitious season yet, especially those whose support has enabled us to make it.

We left the narrative in 1991, with the collapse of the USSR and the so- called “end of history”. This week we’re not telling a new story but looking back on the whole season to reflect on the evolution of socialism over the last two centuries and where it might go from here.

We begin by catching up with socialism since 1991, as China embraced “market socialism”, Latin America’s ‘Pink Wave’ rose and fell, and the Western left all but gave up on its dream of building a new economic model. Was the left forced to fight for small victories because the

possibility of bringing down capitalism had slipped away?

We then return to the beginning of the season and ask if all the most important strands of socialism, from violent revolution to utopian communes, existed in some form by the time Marx and Engels published The Communist Manifesto in 1848. Can socialism be strictly defined or is it a broad tradition encompassing multiple different visions? And how does it relate to communism, left-wing populism or social democracy?

We explore some of the obstacles that repeatedly prevent socialists from achieving their goals, including factions, personality cults, cranks, authoritarians and the romance of defeat — most of which were recently illustrated by the fiasco of Your Party. Finally, we take stock of socialism’s achievements, including many of the rights we now take for granted. Has socialism been more successful as a means of critiquing and moderating capitalism than replacing it?

So, what is socialism? Can one word really describe Xi Jinping, Kim Jong Un, Zarah Sultana and Zohran Mamdani? How has a creed dedicated to solidarity and collective liberation produced so much rancour and oppression? Why are “temporary” dictatorships never temporary? Is social democracy really socialism? Will we ever see another socialist revolution or will that energy be sucked up by the populist right? And is socialism’s tremendous optimism about human nature both its greatest strength and its greatest flaw?

Thanks again for listening to the story of socialism. It’s been a journey. We’ll see you in 2026 for some bonus episodes while we start work on season nine.

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Written and presented by Ian Dunt and Dorian Lynskey. Producer: Simon Williams. Music by Jade Bailey. Art by Jim Parrett. Logo by Mischa Welsh. Group Editor: Andrew Harrison. Origin Story is a Podmasters production

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