Capitalism; Imperialism; Saving and investment; Socialism
The hash of Ricardo, Marx, Sismondi and Rodbertus thus is topped with
the discovery that capitalist production could be radically cured of
over-production, that it could 'prosper and flourish' in all eternity,
if the capitalists would refrain from capitalising their surplus value
and would make a free gift to the working class of the corresponding
part of the surplus value. Meanwhile the capitalists, until they have
become sensible enough to accept Vorontsov's good advice, employ other
means for the annual destruction of a part of their surplus value.
Modern militarism, amongst others, is one of these appropriate
measures--and this precisely to the extent to which the bills of
militarism are footed by the capitalists' income--for Vorontsov can be
counted upon to turn things upside down--and not by the working masses.
A primary remedy for capitalism, however, is foreign trade which again
is a sore spot in Russian capitalism. As the last to arrive at the
table of the world market, Russian capitalism fares worst in the
competition with older capitalist countries and thus lacks both
prospects as to foreign markets and the most vital conditions of
existence. Russia remains the 'country of peasants', a country of
'populist' production.
'If all this is correct,' Vorontsov concludes his essay on 'The
Commodity Surplus in the Supply of the Market', 'then capitalism can
play only a limited part in Russia. It must resign from the direction of
agriculture, and its development in the industrial sphere must not
inflict too many injuries upon the domestic industries which under our
economic conditions are indispensable to the welfare of the majority of
the population. If the reader would comment that capitalism might not
accept such a compromise, our answer will be: so much the worse for
capitalism.'
Thus Vorontsov ultimately washes his hands of the whole thing, declining
for his part all responsibility for the further fortunes of economic
development in Russia.
FOOTNOTES:
[277] An essay in _Patriotic Memoirs_, May 1883.
[278] An essay in the review _Russian Thought_, September 1889.
[279] A book published in 1893.
[280] A book published in 1895.
[281] _Patriotic Memoirs_, vol. v: 'A Contemporary Survey', p. 4.
[282] Ibid., p. 10.
[283] _Patriotic Memoirs_, vol. v: 'A Contemporary Survey', p. 14.
[284] _Outlines of Economic Theory_ (St. Petersburg, 1895), pp. 157 ff.
[285] 'Militarism and Capitalism' in _Russian Thought_ (1889), vol. ix,
p. 78.
[286] 'Militarism and Capitalism' in _Russian Thought_ (1889), vol. ix,
p. 80.
[287] Ibid., p. 83. Cf. _Outlines_, p. 196.
_CHAPTER XX_
NIKOLAYON
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