Trotskyism

Trotskyism, a Marxist ideology based on the theory of permanent revolution first expounded by Leon Trotsky. Trotsky’s theory of “permanent revolution” held that, historically, an economic system had to be seen as a world system rather than a national one. All national economic development was affected by the laws of the world market, even though such regional factors as location, population, available resources, and pressure from surrounding countries made the rate of development different in each country.