It was the first signal that Labour was re-engaging with the world and rejecting Bennite socialism in one country.

ECONOMIST: Bagehot

The huge exception has been Yugoslavia, seen in 1989 as a template of multi- ethnicity and pluralism, a halfway house between centrally planned socialism and the harsh and distant world of Western capitalism.

ECONOMIST: The world after 1989

Municipal socialism may seem an odd strategy for the world's capital of capitalism to embrace.

ECONOMIST: Wal-Mart and the Big Apple