Burmese Way To Socialism

The Burmese Way to Socialism (Burmese: မြန်မာ့နည်းမြန်မာ့ဟန် ဆိုရှယ်လစ်စနစ်; also known as the Burmese Road to Socialism) refers to the ideology of the Socialist government in Burma, from 1962 to 1988, when the 1962 coup d'état was led by Ne Win and the military to remove U Nu from power. More specifically, the Burmese Way to Socialism is an economic treatise written in April 1962 by the Revolutionary Council, shortly after the coup, as a blueprint for economic development, reducing foreign influence in Burma, and increasing the role of the military. The Burmese Way to Socialism has largely been described by scholars as being xenophobic, superstitious and an "abject failure," turning one of the most prosperous countries in Asia into one of the world's poorest. However, it may have served to increase domestic stability and keep Burma from being as entangled in the Cold War struggles that affected other Southeast Asian nations.

The Burmese Way to Socialism, by far, greatly increased poverty, isolation, and is described as "disastrous". Ne Win's later attempt to make the currency based in denominations divisible by 9, a number he considered auspicious, wiped out the savings of millions of Burmese. This resulted in the pro-democracy 8888 Uprising which was brutally crushed by the military, which established the State Law and Order Restoration Council in 1988.

The Socialist coup led by Ne Win and the Revolutionary Council (RC) in 1962 was done under the pretext of economic, religious and political crises in the country, particularly the issue of federalism and the right of Burmese states from seceding from the Union.

Read more about Burmese Way To Socialism:  Background, Ideological Features, Impact

Other articles related to "burmese way to socialism, burmese":

Burmese Way To Socialism - Impact
... Impacts of the Burmese Way to Socialism were multi-fold, affecting the economy, educational standards, and living standards of the Burmese people ... The government also implemented extensive visa restrictions for Burmese citizens, especially to Western countries ... September 1963, The Vanguard and The Guardian, two Burmese newspapers, were nationalized ...

Famous quotes containing the word socialism:

    To make men Socialists is nothing, but to make Socialism human is a great thing.
    Oscar Wilde (1854–1900)