Meaning: Herbert Read, a prominent English poet and art critic, made this statement about Marxism and socialism, highlighting a belief that was prevalent during his time. Read was known for his involvement in the anarchist movement and his criticism of capitalism, which makes his perspective on Marxism and socialism particularly interesting.

The quote reflects a historical context in which Marxism was a significant ideological and political force. During the 20th century, Marxism gained prominence as an alternative economic system to capitalism. Its core tenets, including the collective ownership of the means of production and the vision of a classless society, resonated with many who were critical of the inequalities and exploitation inherent in capitalist systems. The idea of socialism triumphing in a single country likely refers to the establishment of the Soviet Union, which was founded on Marxist principles and presented itself as a socialist state.

However, Read's reference to a "diminishing number" of people who still believe in Marxism as a coherent alternative to capitalism suggests a shift in attitudes towards these ideologies. This change can be attributed to various factors, including the collapse of the Soviet Union, which discredited the socialist model in the eyes of many, as well as the evolution of global capitalism and the rise of alternative economic and political theories.

In the contemporary context, the quote invites us to consider the legacy of Marxism and socialism and their relevance in today's world. While the appeal of these ideologies may have waned in some quarters, they continue to inform discussions about economic justice, social welfare, and the role of the state in regulating and redistributing resources. Moreover, the persistence of social and economic inequalities has prompted a renewed interest in critiquing capitalism and exploring alternative frameworks.

It's important to note that the quote does not provide a comprehensive assessment of Marxism or socialism, nor does it delve into the complexities and nuances of these ideologies. Marxism, as an economic and philosophical system, has been subject to diverse interpretations and applications, and its impact extends far beyond the specific historical events and contexts mentioned in the quote.

From a scholarly perspective, analyzing the quote involves examining the historical and intellectual trajectories of Marxism and socialism, as well as their intersections with broader social, political, and economic developments. This entails considering the contributions of key Marxist thinkers such as Karl Marx, Friedrich Engels, and subsequent theorists who have expanded upon their ideas. Additionally, understanding the diverse manifestations of socialism in different countries and contexts, as well as its intersections with other political movements, is crucial for a comprehensive appraisal of the quote.

In conclusion, Herbert Read's quote encapsulates a particular moment in the history of Marxism and socialism, while also prompting us to reflect on their enduring legacies and contemporary relevance. By situating the quote within its historical, intellectual, and socio-political contexts, we gain a deeper understanding of the complex and multifaceted nature of these ideologies and their ongoing significance in shaping critical discourses about economy, society, and justice.