Ultimately, Colrainism has so far failed to become a mainstream ideology despite ultracreeper's many speeches in the Ashikagan embassy. This seems mostly due to the fact that the Colrainist movement failed to establish itself as a notable force in-game with little regard to PirateCraft siege mechanics. Another reason is ultracreeper's rebranding himself as the Idiot (Kaiser) and attempting to infiltrate the British state system with Colrainism through subterfuge, which resulted in international condemnation as well as a short-lived conflict between the two crews.
On 13th February, ultracreeper announced his intention of leaving the server for a period of time, which ground the development of the revolutionary crew to a halt. 
The Ideology of Generation 1 Colrainism
Colrainism is an ideology that was loosely based off the economic policies of Nationalistic Socialism and Communism. It's Government structure is a form of Constitutional Monarchism and Democracy.
Colrainism calls for economic equality throughout Its citizens, but given the server's Great Depression, a perfectly functioning Colrainist society would be extremely difficult to put into effect. The only citizens that would be paid more than the average worker would be Government officials and Colony managers.
Militarily, Colrainism understands the importance of having a formidable army, thus every citizen will be equipped with weapons and armour strong enough to defend their homelands.
The Colrainist Revolutionary State
Founded on the 30th of September, 2018, the modernised and reformed Colrainist ideology has been put onto paper with a book originally titled "The Colrainist Book", and its tenets being applied to the Colrainist Revolutionary State (CRS).
A Colrainist's perspective
I am one of the loyal Colrainism followers, and I wish to share my perspective on the ideology in this brief wiki page, Bowrilla's view on Colrainism.