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Chapter

SOCIALIST DEVELOPMENT AND THE RESOURCES OF THE WORLD MARKET

Chapter

SOCIALIST DEVELOPMENT AND THE RESOURCES OF THE WORLD MARKET

DOI link for SOCIALIST DEVELOPMENT AND THE RESOURCES OF THE WORLD MARKET

SOCIALIST DEVELOPMENT AND THE RESOURCES OF THE WORLD MARKET book

SOCIALIST DEVELOPMENT AND THE RESOURCES OF THE WORLD MARKET

DOI link for SOCIALIST DEVELOPMENT AND THE RESOURCES OF THE WORLD MARKET

SOCIALIST DEVELOPMENT AND THE RESOURCES OF THE WORLD MARKET book

ByLeon Trotsky
BookTowards Socialism or Capitalism? (Routledge Revivals)

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Edition 1st Edition
First Published 2012
Imprint Routledge
Pages 9
eBook ISBN 9780203102923

ABSTRACT

In relation to world capitalist economics, the Soviet Government acts as a big private property owner; it exports its goods, imports foreign goods, uses credit, and buys foreign technical support. The " restorative" process has also restored position on the world market. A concession combines the transfer to country of foreign plant, foreign productive formulae, and the financing of economy by the resources of world capitalist savings. The problem is one of preserving the proportion of progress between the main branches of industry and the economy as a whole by means of an opportune inclusion in the proportion of such elements of world economics as will help to speed up development all round. It is needless to say that the limits of concessionary policy are the same as those in regard to all individualistic capitalistic forms of industry–the State retains the higher commands and carefully maintains the determining weight of the State industry over the concessionary.

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