"The central tenet of Communist economic change was industrialization. The pattern again was taken from the Soviet Union. Only by industrializing fast could a country become socialist and modern. The policy had an obvious appeal: in countries on the European periphery, where there was a profound sense of having fallen behind, and in countries outside of Europe, such as China, Korea, and Vietnam, rapid industrialization seemed indeed to be the way forward. Everyone was bewitched by the extraordinary role of Soviet industrial production in destroying Nazi Germany. The emphasis was always on heavy industry: steel, machinery, shipyards, and on the mining and drilling that served such industries. Big enterprises had the priority, and almost all investment went to capital projects. Consumer goods were lacking, and for those that were available, shortages and queuing were the rules from the very beginning of Communist governments."
Industrialization

January 1, 1970

Quote Details

Added by wikiquote-import-bot
Added on April 10, 2026
Unverified quote
0 likes
Original Language: English