Is the Red Flag Flying?: The Political Economy of the Soviet Union

Since the October Revolution of 1917 there has been considerable debate among both socialists and enemies of socialism on the class nature of the Soviet Union. This debate waxed and waned over time in good measure as a function of the international policies of the Soviet Union and its enemies. We have seen a great revival of interest in the question among sympathizers of Cultural Revolution era of the People's Republic of China, which in 1967 had claimed that capitalism has been restored in the Soviet Union. Many of the issues and arguments raised by various branches of the Trotskyist movement in the 1930s and 1940s are once again being discussed and supported by the Maoist camp in response to this debate. On the other hand defenders of the Soviet Union continue to claim that the country was socialist, and this book expounds in detail just why socialism was indeed still prevailing in the Soviet Union at the time of it's publication in the late 1970's and early 80's.