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L.B.

No Socialism in Portugal

According to the new constitution adopted in April, Portugal is supposed to be a democracy in transition to Socialism. This of course is not true. Portugal is progressing not towards Socialism, but towards a more modern type of capitalism.

The word "socialism" in the context of present-day Portugal refers to social reforms and state ownership and control of the economy; in other words, to what is more properly called "state capitalism" in contrast to the classless, wageless, moneyless society the word originally meant.

Russia: Leftists in Dispute

In 1968 was published an English translation of Ernest Mandel's monumental work of Trotskyite orthodoxy, Marxist Economic Theory. This was reviewed in International Socialism and led to an exchange of pamphlets between I.S. and Mandel's supporters in Britain, the International Marxist Group. IMG have republished this controversy with the title Readings on State Capitalism, which has a certain interest for Socialists as discussion centres on the view that Russia is State capitalist.

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