Growing a Planned Economy: The Logic of Early Soviet Development 

Actually, the five year plans were originally done with pencil and paper. Computers would have made a difference but high RAM computers were not to be sold to the USSR from the US years ago. Today we have the technology for Cyber-Communism but that would entail a complete system change from money to non circulating cyber labor credits.

don't forget that they also invested in heavy industry early on because Stalin was convinced they needed to be fully industrialized rapidly to take on the nazis.

THIS, please do more of this! I’ve only discovered your channel 20 minutes ago but I can tell I’m gonna like it. Automatic subscribe!

Would be nice to see you making a video about collective farms, here in Vietnam before socialist oriented market economy reforms collective farms are well known for inefficiency. Form my research it’s due to a horrible wage system, in which it’s based on how long a farmer stays on a collective farm than actual quantity of rice produced, back then we didn’t manage to produce much fertilizer as well, war with Kampuchea and China which caused a huge lack of state investment into the agriculture sector, over-bureaucratic and extreme corruption

Interesting, loved the technical details 👍

With communist greetings from Russia! Great job, pretty good for western bloggers. You have here more often damned bourgeois tell horrors))). Allen's book is a very basic thing for a good dive into the topic. But it does not close all questions, and the post-Stalin period does not consider much, here special work is needed. Оur historians sometimes criticize Allen at certain points. Although it seems to me that the debate about our revolution and the USSR as a whole in Russia will never end, it is too important and controversial topic. Good luck in your future work, comrades!

My heart soars like a hawk at these videos. This one was excellent. Based, as the young people say. PS I am not getting notifications!

I've found your channel when looking for information over the cybernetic Soviet program. This is a really hidden topic and people usually don't talk about it. You did, though, and that's why I subscribed and came watch your other videos. Thank you for everything. Important channel in our fight for socialism.

There is, of course, an important omission on the calculations for growth in the Fel'dman model, the innovative incentives of consumer goods investment. The idea is that the largest share of labour invested into consumer goods, the largest incentive to replace the workers who consume them with machinery.

Absolutely awesome video

Just clicked on the notification. Keep up the good work!

Love the emphasis on concrete, material figures. Seems like it bores or confounds the typical low-grade chuds as well, for the comment section here is quite academic. Definite sub, looking forward to going through your work here!

Private appropriation is coming into ever greater conflict with the increasing socialization of production. Commodity production necessitates that money must be a commodity, so profits must be realized in terms of the use value of the money commodity (gold). Since 1825, production of non-money commodities has a tendency to outpace the production of the money commodity. This is overproduction and ultimately leads to a crisis. Overproduction can be extended through the use of credit money, but this only delays the inevitable and makes the inevitable downturn worse. It is the tendency of credit money creation during overproduction that helps conceal the underlying overproduction. However, the crisis inevitably breaks out and the underlying overproduction reveals itself in the glut of unsold commodities. As long as capitalist production is to continue, the money commodity will keep coming into conflict with the productive forces, causing overproduction and subsequent recessions and deep panics. Detaching the dollar from the money commodity does not resolve this contradiction but only intensifies it, leading to sharper panics like the one in '08 and the incoming one. You cannot escape this contradiction without ending capitalist production, with its commodity character, and replacing it with a planned economy and political power in the hands of the international proletariat. The commodity character will still be a barrier to capitalist production no matter how many times wages are cut/raised, (de)regulations are made, medicaid is stamped/expanded, or how many countries the US empire decides to invade.

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Is this model in value terms or a two commodity model in physical terms (like a real simple Sraffian model)?

What paramters for depreciation, productivity and size of producer capital stock did you use for this result? Allen doesn‘t cite any numbers for his diagram either 4:48

Do you have any good papers on Primitive Accumulation in the USSR?

Comrad I wish if you did a video explains stakeholder theory and the idea of Marcues that capitalism and socialism could go in dialectic process thank you

gotta comment to show my support!!

Another question, I just read Rosa Luxemburg's Accumulation of Capital, where she famously argues that the volume two reproduction on an expanded scale leads to contradiction in a closed economy. I found her argument compelling but assume that there are good counter arguments I'm not aware of, it seems Feldman certainly didn't agree with her.

Can you paste/share those economic equations?

Excellent video. Thank you so much for an introduction to this theorist.

This is great and thanks so much for this video easy subscribe make more please great job!

This was a great video. I've always been interested in the soviet growth model. But since I'm no economist, could you please explain me the soviet growth model in a very very didactic-teaching-to-a-kid-way? Please?

Personally I favor the Canute model. It's much more reflective of the realities of a centrally planned economy.

I would love to know what went wrong with the USSR

Alas you didn't mention Preo Brazhensky in the notable Soviet economists.

Nice

When somebody compares the growth rates of tsarist Russia and the USSR, they always forget about Poland! Economies are not exponential based on time alone, but on the relation between capital stock and investment. (f.e. a differential equation representing this would be y'=ay+b, notice the absence of t) A reduction of capital stock, thus, would upset the match between an exponential function and economic growth. Having said all that, remember Poland!? Ya know, the most industrialized part of the Russian Empire, by far? I wonder why the USSR managed to keep up with the previous exponential growth...

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Soviet economy was not bad. Second biggest world economy simply cannot be bad.

cool

Rober Allen is wrong on his take on decline of Soviet economy.

so it was fundamentally an economy based on the accumulation of capital

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In conclusion, the lesson learned was, slavery doesn't work as well as they had hoped.

Now do CHINA!!!

Commenting for Al gore’s rhythm

I've heard from what if alt hist that the Russian empire was modernizing and industrializing pretty rapidly before world war 1. It may not have been totally caught up with the west but it sounds like it would have industrialized under the previous regime as well.

Laughs in ECP

it is sad that some agricultural techniques in soil (arable land) were off on a mistaken theory and practice. this was followed by maos aGRICULTURAL leap forward. droughts also coincided

The soviet economy was bad because it squandered its most valuable resource by strip mining it. Its most valuable resource was people, it strip mined its people and squeezed them for all the blood they had. If you want an idea about how it was living in the soviet union at its best ask someone who lived in both a western society, and the soviet union and if they would ever go back. As far as the educated people who worship the soviet union go, I wonder what they would think their future would be like if they succeeded in turning their country into a a soviet like state. I can answer that, these people would most likely be killed as they represent the proletariat

So we are just going to look at and fawn over an abstract economic model, rather than look at the actual implementation of the Soviet economy? And we are just completely going to forget all about the massive abuses, injustices and human costs it involved? And let's also get one thing clear: Karl Marx would have gone prompt supercritical, in a blast that would have made the Tsar Bomba seem like a harmless firecracker, if someone had explained the Soviet economic and/or political system to him.

coincided with failure of arable land treatment. exhausting and failure of crops. one must remember

that dought affected india and the rest of southern asia.

What this overlooks is that the industrialization was not universal and Russia was more then happy to leave vast swaths of the USSR as a backwards resource extraction zone - which helped a lot. It's easy to modernize when you can just shoot or Gulag anyone who objects to it. And I think it's this forceful nature that did more damage then any other factor. Most companies and businesses make plans for years ahead but the Party doctrine made this plan often being inviolate word of God and when the economy or other experts in the field (which often included anyone who actually DID the job and wasn't just planning ahead from "green table") crossed the word of God - 9 times out of 10, word of God prevailed or the whole situation turned into a compromise that solved absolutely nothing. Probably best example of this ideology over facts is Lysenko whose deranged theories led to starvations that killed millions. What I'm saying is that Soviet model was bad because it was bad. Not because now often disproved or no longer relevant theories but because underlying ideology will run it into a ground. I mean, when guy who runs state agronomy doesn't believe in genes and thinks that plants of the same "class" won't compete for resources out of proletariat solidarity and he can get his positions BECAUSE of this socialist drivel, anything else is just a footnote.

there are things which cannot work as well in private hands, and others that do

I don’t think we need to know that much about the Soviet Economy given the fact that it doesn’t exist anymore 🤔

health because it affects the whole, especially in globalisation of today public health

Can all in left YT please start educating everyone about both the: (1) difference between right-authoritarian vs. right-libertarian; & (2) difference between left-authoritarian vs left-libertarian? It’s long overdue. People aren’t cattle or sheep: They will understand if we educate them. Though we need to educate (& learn) about all the nuance.

You left out the Holodomor as a source of wealth extraction for Stalin’s developmental ambitions.

Ah! Feldmann! Another jew!!! What a surprise!