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Russian State Capitalism

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.

‘Surplus Theory’ versus Marxian Theory

The work of Richard Wolff and Stephen Resnick contains some insights for socialists but it is not Marxian economics and is not socialist.

Book Review: 'Russia: A Marxist Analysis'

Russian State Capitalism

Russia: A Marxist Analysis by Tony Cliff (International Socialism, 18/-)

The problem of Russia was a much more immediate one for the Trotskyists than it was for other groups. It is for this reason that so much of the research into the nature of the social order in Russia has come from this source. It would be foolish to pretend that we can learn nothing from their works and particularly foolish to pretend that nothing can be learned from Tony Cliff's Russia: A Marxist Analysis. Cliff is the leading exponent of one of the Trotskyist state capitalist theories.

State Capitalism for Russia

Lenin’s economic policy

Among the first to describe the Russian economy under the Bolshevik government as "state capitalism", was Lenin himself in 1918. By this term he meant state control of capitalist-owned industries. He had been impressed by the system of industrial control which the German government had built up during the war. If the Kaiser and the Prussian Junkers could control capitalist industry for their purposes why, thought Lenin, could not the Bolshevik Party control capitalist industry for the benefit of the workers and poor peasants of Russia?

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