Reconstruction of capitalism in Russia, which is nearly incapable of developing the economy

Affiliation: E. Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences
Address: Russian Federation, Moscow

Journal name

Obshchestvo i ekonomika

Edition

Issue 5

Pages

20-37

Abstract

The significant changes that have taken place in industrial relations over the past century have deprived the capitalist economy of the much needed dynamism. The main reasons that led the world economy to stagnation stem from the economic exceptionality of private and public monopolist enterprises, as well as from the state monopoly in the management of the country's economy. These reasons have led to the transformation of traditional capital into assets that have lost the main features of capital. In the process of capitalism transformation, a system has been created that has largely lost its ability to economic growth. No changes in policy will give a positive result without certain modifications of the economy. For such alterations, it is proposed to recreate the system of free competition and overcome state monopoly in economic management. Thus, it will be possible to restore the traditional functions of capital.

Keywords

private and public monopolist enterprises, government monopoly, small and medium-sized enterprises, free competition capitalism, capital, economic growth

Received

24.05.2021

Publication date

24.05.2021

Number of characters

42383

Cite

GOST	Liferenko Y. Reconstruction of capitalism in Russia, which is nearly incapable of developing the economy // Obshchestvo i ekonomika – 2021. – Issue 5 C. 20-37 [Electronic resource]. URL: https://oie.jes.su/S020736760014935-7-1 (circulation date: 19.04.2024). DOI: 10.31857/S020736760014935-7
MLA	Liferenko, Yu "Reconstruction of capitalism in Russia, which is nearly incapable of developing the economy." Obshchestvo i ekonomika 5 (2021):20-37. DOI: 10.31857/S020736760014935-7
APA	Liferenko Y. (2021). Reconstruction of capitalism in Russia, which is nearly incapable of developing the economy. Obshchestvo i ekonomika (5), pp.20-37 DOI: 10.31857/S020736760014935-7

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