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Shachtmanism is the form of Marxism associated with Max Shachtman (1904–1972). It has two major components: a bureaucratic collectivist analysis of the Soviet Union and a third camp approach to world politics. Shachtmanites believe that the Stalinist rulers of proclaimed socialist countries are a new ruling class distinct from the workers and reject Trotsky's description of Stalinist Russia as a "degenerated workers' state".[1]