[lbo-talk] Leninist/Maoist Finance?

[boddi satva]

On 1/6/06, Wojtek Sokolowski <sokol at jhu.edu> wrote:
> Cmde. Doss:
>
> > (As an aside, it is untrue, though commonly asserted, that
> > the USSR nationalized all private property. Half of all
> > agriculture was privately grown from Brezhnev on, and small
> > [very small] business did exist. What was illegal was having
> > employees.)
>
>
> Yep.  And there was a significant variation in that respect across Soviet
> bloc countries.  In most EE countries substantial chunks of agriculture,
> retail, and small mfg were either privately or cooperatively owned.  Same
> for housing.  Only the so-called "key industries" - heavy mfg, energy,
> mining, and transport - were state owned.
>
> Wojtek
>
>
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>

This is not important. The essential thing is where the money came
from. It came from a state that owned half the state industries, had a
politicial claim on all the means of produciton and had the printing
presses.

Again, the important thing was a state which embraced fiat money
completely and had the economic power to back it up.

boddi