Chapter
A Look at Industrialization Through the Soviet Era
1:22:25 - 1:26:51 (04:26)
This podcast explores the concept of industrialization, as exemplified through the Soviet era, which involved taking unemployed peasants and workers and placing them in factories that produced consumer goods, capital goods, and luxury items for capitalists. The discussion references Feldman's equations as a driving force behind this approach.
Clips
The three sectors of production are sector one for consumer goods, sector two for capital goods and sector three for luxury goods for capitalists.
1:22:25 - 1:26:51 (04:26)
Production
Summary
The three sectors of production are sector one for consumer goods, sector two for capital goods and sector three for luxury goods for capitalists. The Soviet industrialization created employment opportunities by taking unemployed workers and peasants off the land and putting them in factories.