this post was submitted on 11 May 2026
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As Stalin correctly explains here, there will be surplus product in a socialist economy and, similarly, the commodity form doesn't die overnight. Thinking that communism involves slamming a button titled "END CAPITALISM NOW" is just romantic idealist-slop.
China’s spent 75yrs in primary stage and has challenged the US economic method better than Stalin ever did. Now they’re poised to overtake it and have the upper hand in establishing the new terms on which the global economy works. If this opportunity is not a next step in dismantling capitalism but rather seizing the market for the sake of control, is the higher phase even a goal because it can always be a lofty aspiration on the horizon that “now isn’t the time for”. The nation in control of the market controls the process of exchange. Money can disappear if the products of labour cease to be commodities.
Let's not forget that USSR also saw astonishing levels of development under Stalin. The stagnation started after Khrushchev reforms. However, as I noted earlier, China can't just flip a switch and create some sort of a moneyless society. Dismantling capitalism start with worker ownership of the means of production, and there will be a a prolonged socialist stage where existing relations have not yet been abolished, and the only thing that's different is which class holds power.
Was it because of Krushchev's reforms?
Stagnation started right after the petrodollar scheme and SWIFT coming online.
I'd argue Krushchev set the stage because he abolished artels which led to all the problems USSR had with light industry. Had USSR retained a mix of state industry and cooperative driven market economy, it would've developed in a similar way to China today except without a capitalist class.
what could have been
indeed