The only one to have “failed” is the USSR. Cuba, the PRC, DPRK, Vietnam, and Laos are all still here today, and all are still socialist. China and Vietnam are absolutely Marxist-Leninist still, not sure what you mean by saying they aren’t.
As for Reagan/Thatcher style neoliberalism, that isn’t something brand new but a further evolution of existing capitalism and liberalism. There’s no such thing as a static, unchanging system, nor one disconnected from its roots.
The only one to have “failed” is the USSR. Cuba, the PRC, DPRK, Vietnam, and Laos are all still here today, and all are still socialist. China and Vietnam are absolutely Marxist-Leninist still, not sure what you mean by saying they aren’t.
As for Reagan/Thatcher style neoliberalism, that isn’t something brand new but a further evolution of existing capitalism and liberalism. There’s no such thing as a static, unchanging system, nor one disconnected from its roots.