The author suggests that former capitalist nations could adopt features of socialism, while former socialist nations adopt features of capitalism. This theory is referred to as ________.

Question

Quizplus · Accepted Answer

The theory referred to in the question is convergence, which suggests that former capitalist nations and former socialist nations could adopt features of one another's systems to create a hybrid model. This would involve moving towards a more balanced approach to private ownership and state control, rather than the extremes of one or the other. The other options - excess value, transformation, and private ownership - do not accurately describe this theory.

The Author Suggests That Former Capitalist Nations Could Adopt Features