At first sight it is surprising that Russian industry should have collapsed as badly as it has done, and still more surprising that the efforts of the Communists have not been more successful in reviving it. As I believe that the continued efficiency of industry is the main condition for success in the transition to a Communist State, I shall endeavour to analyse the causes of the collapse, with a view to the discovery of ways by which it can be avoided elsewhere.
Of the fact of the collapse there can be no doubt. The Ninth Congress of the Communist Party (March-April, 1920) speaks of "the incredible catastrophes of public economy," and in connection with transport, which is one of the vital elements of the problem, it acknowledges "the terrible collapse of the transport and the railway system," and urges the introduction of "measures which cannot be delayed and which are to obviate the complete paralysis of
