What is "shachtmanism"

Shachtmanism is the form of Marxism associated with Max Shachtman. 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 Communist countries are a new ruling class distinct from the workers and reject Trotsky's description of Stalinist Russia as a " degenerated workers' state".