If we analyse the first 15 years of Soviet Russia, we see three social experiments. The first experiment, based on the equal distribution of poverty, suggests the “universal asceticism” and “rough egalitarianism” criticised by the Communist Manifesto. We can now understand the decision to move to Lenin’s New Economic Policy, which was often interpreted as a return to capitalism. The increasing threat of war pushed Stalin into sweeping economic collectivisation. The third experiment produced a very advanced welfare state but ended in failure: in the last years of the Soviet Union, it was characterised by mass absenteeism and disengagement in the workplace; this stalled productivity, and it became hard to find any application of the principle that Marx said should preside over socialism—remuneration according to the quantity and quality of work delivered. The history of China is different: Mao believed that, unlike “political capital,” the economic capital of the bourgeoisie should not be subject to total expropriation, at least until it can serve the development of the national economy. After the tragedy of the Great Leap Forward and the Cultural Revolution, it took Deng Xiaoping to emphasise that socialism implies the development of the productive forces. Chinese market socialism has achieved extraordinary success.