Socialist Accumulation

Socialist Accumulation

 

the expansion of the material foundation of socialist production, necessary for the increasingly complete satisfaction of the constantly growing needs of society (seeFUNDAMENTAL ECONOMIC LAW OF SOCIALISM).

The law of socialist accumulation is the expression of the objective process of socialist accumulation, which is carried out through the planned utilization of part of the national income, the accumulation fund. The source of socialist accumulation is the surplus product, part of which is channeled, in the form of capital investments, into creating and replenishing the fixed capital stock and into increasing reserves. The factors affecting socialist accumulation are technological progress, increased labor productivity and efficiency in social production, and the profitability of enterprises.

References in periodicals archive ?
They cover primitive socialist accumulation, readjustments, and reform 1953-78; market allocation and enterprise reform in the primary stage of capitalism 1978-92; the emergence and development of the socialist market economy 1992-2003; scientific development and domestic demand 2003-11; the era of Xi Jinping 2012-16; and discourse and development: insights and issues.
The Handbook at least offers some attempts at an explanation, even if they are not systematized and not always convincing: terror and violence were variously a constituent part of "primitive socialist accumulation," a consequence of the rulers' fear of fifth columns, and, finally, the result of a miscalculation during collectivization in the USSR and the Great Leap Forward in China.
We do not sense a Soviet Union bled by war and civil war, with a dwindling proletariat drowned in a peasant sea while the Bolsheviks were faced with the task of completing an industrial revolution out of "primitive socialist accumulation.
He sees the origin of totalitarianism in the Stalinist and Maoist regimes' need to carry out "primitive socialist accumulation," which in turn is necessitated by national "economic desolation and industrial backwardness" (p.
One is Marxism's productionism, which Arthur MacEwan points to as an important weakness leading to the subordination of other avenues of progress to progress in productions and the subordination of other goals to socialist accumulation.
With the backward Soviet Union isolated and forced to pack into a couple of decades an industrial revolution that had taken centuries in Western Europe, with the Bolsheviks compelled to carry out the contradiction in terms "primitive socialist accumulation,' there was arguably no other solution.