The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-06-04
Five Year Plan Shows the WaV

One of the central points at the
recent Conference of the Communist
Party of the Soviet Union was the
consideration of the Five-Year Plan
of Economic Development. 1t is in
deed a great achievement of the
Russian Revolution that the Soviet
Workers are now in a position to
establish Five-Year Plan to regu-
late the economic development OF
one-sixth of the earth's surface.
1t is not merely a question of get
ting good statistical material OF of
accurate economic investigation. 1t
is a fundamental step forward in
the development of a Socialist sys-
tenn in the Soviet Union. We all
know that planned economy is the
very foundation stone of Socialism.
So important is economic plan
ming in the growth of Socialism thai
Lenin declared that the well-known
plan of identification was equiva-
lent in significance to a second
Party program! The penetration of
the "plan principle" thruout the
whole of the Soviet economy is, as
Comrade Rykoff declares, a great
triumph of Socialist construction.
And when we recall that it was only
in 1925 that the first hating at
tempts were made to set up one
year economic plan we first realizs
how rapid has been the progress of
the Russian proletariat in laying the
basis for systematic economy and
for the triumph of Socialist con-
struction.
Until the recent XVI Party Con-
ference there was no final five-year
schedule definitely approved and
confirmed; there was the provisional
draft drawn up by the Supreme Eco
nomic Council as the basis for the
final draft, which retains it's funda-
mental points.
Main Features of Plan.
What are the essential features
of the Five Year Plan? 1t provides
US with statistical data of the ex-
pected development of industry and
agriculture, of the relative growth
of light and heavy industry and of
the various branches of each, of the
progress of the Socialist sector of
production, of the increase of pro-
ductivity of labor and the decrease
of the cost of production, of the
rise of the standard of living of the
workers and poor farmers-in a
word, a real blueprint of economic
evolution.
Increase in Production.
The general figures in the Five
Year Plan are very encouraging
and show what the class forces of
the proletariat and poor peasantry
are able to accomplish in the face
of the greatest difficulties.
Industrial output is expected to
rise within the five-year period by
over 1907, or to two and hall
times what it is now. The relatively
greater increase for heavy industry
is shown by the fact that heavy in
dustry is expected to increase by
about 220ao, while the estimated
growth for light industry is 1907.
The development of agriculture is
not on the same level since the
growth envisaged is about 500.
Provision is made for a capital
investment of lila billion rubles
for industry and 1924 billion rubles
for agriculture. Of course, the lat
ter figure (23-24 billions for agri-
culture) includes the investment of
the peasants themselves, the invest
ments of the State budget amount
..ng to 5 IL billion.
/ The Five-Year Plan views an in
rease of the productivity of labor
by over 1000 Ia doubling of pro-
ductivity) and a decrease of costs
of production by about 259o. 1t is
expected that market prices will fall
by about 25ao at least. The magni-