1. Can Marxism Stand Prosperity?
- Author
-
SMITH, GEOFFREY
- Subjects
POLISH economy, 1945-1981 ,POLISH economic policy ,COMMUNIST countries ,ECONOMIC development ,FOOD prices ,DISPOSABLE income ,CONSUMER goods ,TWENTIETH century ,ECONOMIC history - Abstract
The article explores the problems facing the Communist country of Poland which stem from growing affluence as of July 1977. The economy has grown an average of 12% annually since Communist Party Chairman Edward Gierek took over from Wladyslaw Gomulka in 1970. The government's decision to hold down food prices and rents while allowing wage increases has resulted in disposable income growing by 50% in five years but without enough consumer goods to absorb it.
- Published
- 1977