Capitalism; Imperialism; Saving and investment; Socialism
Even in England, then, there are large numbers of 'third persons', and
it is they who, by their consumption, help to realise the surplus value
in so far as it is not consumed by the capitalists. Struve leaves it
open whether these 'third persons' consume enough to realise all surplus
value--however that may be, 'the contrary would have to be proved'.[296]
This cannot be done, he claims, for Russia, that vast country with an
immense population. She, in fact, is in the fortunate position to be
able to dispense with foreign markets. In this--and here Struve dips
into the intellectual treasures of Professors Wagner, Schaeffle, and
Schmoller--she enjoys the same privileges as the United States of
America. 'If the example of the N. American Union stands for anything,
it is proof of the fact that under certain circumstances capitalist
industry can attain a very high level of development almost entirely on
the basis of the home market.'[297]
The negligible amount of industrial exports from the U.S.A. in 1882 is
mentioned in support of this statement which Struve formulates as a
general doctrine: 'The vaster the territory, and the larger the
population of a country, the less does that country require foreign
markets for its capitalist development.' He infers from this, in direct
opposition to the 'populists', 'a more brilliant future (for Russia)
than for the other countries'.
On the basis of commodity production, the progressive development of
agriculture is bound to create a market wide enough to support the
development of Russian industrial capitalism. This market would be
capable of unlimited expansion, in step with the economic and cultural
progress of the country, and together with the substitution of a
monetary for a natural economy. 'In this respect, capitalism enjoys more
favourable conditions in Russia than in other countries.'[298]
Struve paints a detailed and highly coloured picture of the new markets
which, thanks to the Trans-Siberian Railway, are opening up in Siberia,
Central Asia, Asia Minor, Persia and the Balkans. But his prophetic zeal
blinds him to the fact that he is no longer talking about the
'indefinitely expanding' home market but about specific foreign markets.
In later years, he was to throw in his lot, in politics too, with this
optimistic Russian capitalism and its liberal programme of imperialist
expansion, for which he had laid the theoretical foundations when still
a 'Marxist'.
Public-domain text, read in full here on John Shaqi.
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