The Five Year Plan—Russia's Challenge to Capitalism
The Empire Club of Canada Addresses (Toronto, Canada), 19 Feb 1931, p. 57-72
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The Five Year Plan—Russia's Challenge to Capitalism

The attitude of the world toward Russia today, with illustration. Taking an objective view of the whole situation in order to understand Russia. How to explain the success of their present leader, Stalin. The present trends in Russia to the extreme left. A reflection of the Russian attitude in their movies. A substitution of Atheism for religion. Social service as religion. The Five Year Plan, with all phases and facets of Russian life interwoven into it; the outgrowth of the whole system of Russian thought. A description of the Plan. How it is working. Ways to test how it is or is not working. Reference to a recent book by Professor Counts, Columbia University on the Five Year Plan, also the "Economist" of London which published last November a 40,000 word report. Results as published in this report with regard to various aspects of Russian life including wages, cost of living, food and household supplies, trade unions, etc. The attitude of the average Russian. The revolution in agriculture. Changes in methods of farming. Consequences for the price of wheat from the United States and Canada if the agricultural plan in Russia works out. Some figures. How and why the Collectivization will work. A new and higher standard of life for the Russian farmer. The peasant as one of the most interesting factors in all Russia; the great mystery of the Revolution. The aim of Communism. This plan which is really a Twenty-Five Year Plan. How the people will react to the true length of the Plan. Speculation with regard to Communism growing to social democracy. The speaker's belief that Russia will never go back to capitalism as we know it in the Western world. Two points of view: economic boycott of Russia or trading with her. Russia as a great competitor. The speaker's belief that if Russia prospers industrially, and remakes herself as she is trying to do, and if we do not boycott, we will be compelled to form a United States of Europe and America for purposes of trade, competing with Russia for the markets of the world. The alternative that we ought not to boycott Russia, and why. Faith in the ability of capitalism to re-fashion itself. Modern capitalism undergoing the severest strain in all its history. The need to democratize industry, for a wider distribution of profits of industry to the people, so that they may become increasingly able consumers. The ability of re-shaped capitalism to compete with Russian Communists for mastery of the markets of the world.