ABSTRACT
The differences between private enterprise and the economy of Bolshevism as they appear in actual life are by no means as sharply defined as mere theoretical simplification would lead us to expect. Both, in fact, private capitalism as well as Bolshevism, occasionally contravene their own principles with corresponding results. The general scarcity in the country of Bolshevism is obvious. Russian foreign trade has shrivelled up to quite insignificant dimensions, to a few hundred million roubles for both imports and exports. The agrarian country lives upon its own resources. It feeds and clothes its people. In this lies the broad basis of the Bolshevist experiment. Bolshevism is perpetually being caught in the meshes of its own doctrines. This very materialistic doctrine is expounded by Lenin in the following terms: "The productivity of labour is in the last resort the most important and the principal factor in the victory of the new social order.
