Attempts to find answers to such theoretical questions as the character of Soviet‐type societies and the major tendency of their development. Argues that, as long as the analysis is conducted in convenient and extreme terms of “either capitalism or socialism or communism”: as long as the yardstick for the comparison remains capitalism of laissez‐faire; and as long as the general trend and the particular forms of the world economic development are ignored ‐no satisfactory answer to the nature and fate of such societies can be found. If, however, one looks at Soviet‐type systems as socio‐economic and political structures destined to solve the problem of the industrial revolution and modernization of backward and peasant nations under the conditions of the twentieth century, then the enigma disappears. Soviet‐type societies become what they are in reality: a variety of capitalism that, having fulfilled the “archaic” act of industrialization, is moving into its post‐industrial era.
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