The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-12
LII. The Party

Among the Irotskyists the idea prevails that
they are representatives of Observation-Disclosures
ton. This view is, however, only partially cor
rect.
1t is only correct in 50 far as the close Of
the restoration period comes in question, at
which juncture the Trotskyists certainly did
advance fantastic Observation-Disclosures ideas.
But with respect to the reconstruction period
the Trotskyists, viewed from the standpoint of
our tempo, are the most extreme minimumists
and lamentabe capitulators. daughter, ap-
plsuse.) The Trotskyists, in their declarations
and platforms, make no statistical statements
with respect to our tempo, but confine them
selves to general chatter on the subject. But
one document exists in which the Trotskysts
state in figures their views of the tempo of
the development of state industry. | refer to
the report Of the Special Conference for the
Restoration Of Basic Capital" in state industry,
based on the principles of Trotskism. 1t may
be Of interest to devote few words to this
document, which was issued in 1886 1t is
of interest for the reason that in this docu
ment the Trotskyist schedule of the descend
ing curve meets with complete defeat.
According to this document, the amounts to
be invested in state industry were to be as
follows 1926-27, 1543 million roubles; 1929,
1890 million roubles; 192S-29, 1920 million
roubles; 1929-30, 1860 million roubles Con the
basis of the prices obtaining in 1926-27).
Th<t is the picture from the viewpoint of
the descending Trotsky curve.
What amounts have we actually invested?
De facto we have invested the following sums
in state industry: 1926-27, 1860 million roubles;
1929 1904 million roubles; 1928-29 1919
million roubles, and 1929-1930, ATS million
roubles Ton the basis of the prices obtaining
in 1926-27).
That is the picture shown by the ascending
Bolshevist curve.
According to this document, the production
of state industry was to increase in 1926-27
by SIG per cent, 1928 by 22.9 per cent,
1899 by 15.5 per cent, and 1929-30 by Is
per cent.
That is the picture shown by the descending
Trotskyist curve.
What have we attained in reality? In actual
fact the growth of state industry has been as
follows: 1862 1917 per cent, 1929 1858
per cent, 1889 24.3 per cent 1929-30 SO per
cent; in 1930-31 it will reach Al per cent
That is the picture shown by the ascending
Boshevist curve.
As you know, Trotsky advanced this capt.
tuative theory of the descending curve parti-
cularly in his book Towards Socialism or Cap
italism." Here he states in SO many words
that since before the war the expansion of
industry consisted mainly of the building of
new plant and 'at the present time the ex-
pansion consists to much greater extent in
the utilization of the old plant and undertake
lngs,' sit is only natural that with the close
of the process of restoration the co-efficent
of growth is bound to sink considerably" He
suggests that during the next few years the
co-efficient of industrial growth be increased
to not only double, but triple the six per cent
of before the war, if not more"
Three times six per cent of annual industrial
growth! How much does that amount to? A
total OF Is per cent yearly. In the eyes of the
lrotskyists IL per cent yearly is therefore
the maximum growth of state industrial pro-
duction under the conditions of accelerated de-
velopment created by planned economics in the
period Of reconstruction-that maximum to-