"However extensively Lenin was prepared to creatively develop the Marxism he inherited, he was not prepared to ‘skip stages’ in achieving socialism. Socialism required, as prerequisite, the modernization and industrial development of its economic base. To create the missing material prerequisites, Lenin was prepared to fall back on a centrally supervised market-influenced program of state capitalism."
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"The economic principles of Modern Socialism are a logical deduction from the principle laid down by Adam Smith in the early chapters of his “Wealth of Nations,” — namely, that labor is the true measur…"
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