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Chapter

WE AND THE CAPITALIST WORLD

Chapter

WE AND THE CAPITALIST WORLD

DOI link for WE AND THE CAPITALIST WORLD

WE AND THE CAPITALIST WORLD book

WE AND THE CAPITALIST WORLD

DOI link for WE AND THE CAPITALIST WORLD

WE AND THE CAPITALIST WORLD book

ByLeon Trotsky
BookTowards Socialism or Capitalism? (Routledge Revivals)

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Edition 1st Edition
First Published 2012
Imprint Routledge
Pages 24
eBook ISBN 9780203102923

ABSTRACT

Capitalist economics are by nature multiform. Comparison may be static, that is to say, it may proceed from the economic position of the actual moment, and dynamic, based on a comparison of the rates of development. In the United States of America the capitalist process has reached its highest point. National boundaries, national power, and tariff systems were powerful factors in the history of capitalist development. Protection makes it possible to withstand the pressure of the volume of goods from capitalist countries by regulating it in accordance with the requirements of home production and consumption. The economic superiority of bourgeois states lies in the fact that so far capitalism produces cheaper goods than socialism and of a better quality. In the United States of America the capitalist process has reached its highest point. To estimate the actual material supremacy of capitalism as compared with socialism, it is instructive to analyse it at its highest.

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