Capitalism; Imperialism; Saving and investment; Socialism
[290] _Outlines of Our Social Economy_, p. 322. Friedrich Engels
appraises the Russian situation differently. He repeatedly tries to
convince Nikolayon that Russia cannot avoid a high industrial
development, and that her sufferings are nothing but the typical
capitalist contradictions. Thus he writes on September 22, 1892: 'I
therefore hold that at present industrial production necessarily implies
big industry, making use of steam power, electricity, mechanical looms
and frames, and lastly the manufacture of the machines themselves by
mechanical means. From the moment that railways are introduced in
Russia, recourse to all these extremely modern means of production
becomes inevitable. It is necessary that you should be able to mend and
repair your engines, coaches, railways and the like, but to do this
cheaply, you must also be in a position to make at home the things
needing repair. As soon as the technique of war has become a branch of
industry (armour-plated cruisers, modern artillery, machine guns, steel
bullets, smokeless gun powder, etc.) a big industry that is
indispensable for the production of such items has become a political
necessity for you as well. All these items cannot be made without a
highly developed metal industry which on its part cannot develop unless
there is a corresponding development of all other branches of
production, textiles in particular' (Marx-Engels to Nikolayon, St.
Petersburg, 1908, p. 75). And further in the same letter: 'So long as
Russian industry depends on the home market alone, it can only satisfy
the internal demand. The latter, however, can grow but slowly, and it
seems to me that under present conditions of life in Russia it is even
bound to decrease, since it is one of the unavoidable consequences of
high industrial development that it destroys its own home market by the
same process which served to create it: by destroying the bases of the
peasants' domestic industry. Yet peasants cannot live without such a
domestic industry. They are ruined as peasants, their purchasing power
is reduced to a minimum, and unless they grow new roots in new
conditions of life, unless they become proletarians, they will only
represent a very small market for the newly arising plants and
factories.
Public-domain text, read in full here on John Shaqi.
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