scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,070
In recent times Russian presses have been full of articles analyzing the Russian economy and making forecasts most of them pessimistic Many would say the Russian economy has failed miserably in the past one hundred years After the 1917 Revolution an attempt was made by the Communists to create an economy based on socialist principles The thought was that the capitalist system led to a chaotic economy cruel exploitation of workers and unemployment The Russian socialist economy rests on the basic principles formed by Karl Marx A centrally planned economy This planned economy would be in use for the next sixty years In 1929-1930 under the process of collectivization the land of Russia became state-owned and cooperatively-owned There was no longer any private land ownership Torchinsky 48 The state became the monopolist of the economy Economy planning bodies worked out the famous Five-year plans The plans regulated everything from production of aircraft to nails and even eggs They believed that since the means of production belonged to the state and hence collectively to the people because a socialist state is a state belonging to the people the state should control everything This was to include planning financing and salaries Under this system people are to be content and peacefully work for the benefit of society Diller 168 The Socialist economic theory assumed that people would work hard because they were working for the collective good and hence their own good therefore there would be no reason for them to be lazy or dishonest Thus the defects of capitalism would not show its face The five-year economic plans would make it possible to wisely distribute societys resources and to promote development Flint 17 However over the long term this style of economy seems to have failed in Russia At certain timesfor instance in restoring the national economy after World War 1 the Civil War and World War II The states rigid economic monopoly achieved certain
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA