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The '''New Economic Policy'''<ref group="lower-alpha">Russian: Новая Экономическая Политика</ref> was an economic policy formed by [[Vladimir Lenin]] in 1921.<ref>{{Citation|title=The New Economic Policy|author=[[Vladimir Ilyich Lenin]]|publisher=Bulletin of the Second All-Russia Congress of Political Education Departments|year=1921|mia=https://www.marxists.org/archive/lenin/works/1921/oct/17.htm}}</ref> The NEP consists of a [[State Capitalism|state capitalist]] economy<ref group="lower-alpha">The 'state capitalist' economy is not typical of state capitalist economies as in the [[Republic of Korea]] before Market Reforms or [[German Reich (1933–1945)|Nazi Germany]].</ref> that is led by the [[Dictatorship of the Proletariat|dictatorship of the proletariat]].<ref>{{Web citation|author=V.I. Lenin|newspaper=Marxists Internet Archive|title=To the Russian Colony in North America|date=November 14, 1922|url=https://www.marxists.org/archive/lenin/works/1922/nov/14b.htm|retrieved=11/10/2022|quote=Our state capitalism differs essentially from the state capitalism in countries that have bourgeois governments in that the state with us is represented not by the bourgeoisie, but by the proletariat, who has succeeded in winning the full confidence of the peasantry.}}</ref> This state capitalist economy has a peasant sector which operated in market to exchange commodities. This 'state capitalism' was theorized by Lenin to be useful to develop the industrial [[proletariat]] and developing the [[productive forces]].<ref>{{Web citation|author=V.I. Lenin|newspaper=Marxists Internet Archive|title=The Tax in Kind|date=21 April, 1921|url=https://www.marxists.org/archive/lenin/works/1921/apr/21.htm}}</ref> This was later phased out by [[Joseph Stalin|Stalin]], even though the productive forces were not yet fully developed, due to the pressures of increasing foreign hostility coming from the Western imperialists. However, future [[AES]] countries would follow the NEP's example to implement a [[ | The '''New Economic Policy'''<ref group="lower-alpha">Russian: Новая Экономическая Политика</ref> was an economic policy formed by [[Vladimir Lenin]] in 1921.<ref>{{Citation|title=The New Economic Policy|author=[[Vladimir Ilyich Lenin]]|publisher=Bulletin of the Second All-Russia Congress of Political Education Departments|year=1921|mia=https://www.marxists.org/archive/lenin/works/1921/oct/17.htm}}</ref> The NEP consists of a [[State Capitalism|state capitalist]] economy<ref group="lower-alpha">The 'state capitalist' economy is not typical of state capitalist economies as in the [[Republic of Korea]] before Market Reforms or [[German Reich (1933–1945)|Nazi Germany]].</ref> that is led by the [[Dictatorship of the Proletariat|dictatorship of the proletariat]].<ref>{{Web citation|author=V.I. Lenin|newspaper=Marxists Internet Archive|title=To the Russian Colony in North America|date=November 14, 1922|url=https://www.marxists.org/archive/lenin/works/1922/nov/14b.htm|retrieved=11/10/2022|quote=Our state capitalism differs essentially from the state capitalism in countries that have bourgeois governments in that the state with us is represented not by the bourgeoisie, but by the proletariat, who has succeeded in winning the full confidence of the peasantry.}}</ref> This state capitalist economy has a peasant sector which operated in market to exchange commodities. This 'state capitalism' was theorized by Lenin to be useful to develop the industrial [[proletariat]] and developing the [[productive forces]].<ref>{{Web citation|author=V.I. Lenin|newspaper=Marxists Internet Archive|title=The Tax in Kind|date=21 April, 1921|url=https://www.marxists.org/archive/lenin/works/1921/apr/21.htm}}</ref> This was later phased out by [[Joseph Stalin|Stalin]], even though the productive forces were not yet fully developed, due to the pressures of increasing foreign hostility coming from the Western imperialists. However, future [[AES]] countries would follow the NEP's example to implement a [[socialist-oriented market economy]] as a first step in the development of socialism. Today, all [[AES]] have similar [[market socialism|market socialist]] policies. | ||
== Lenin's "State Capitalism" == | == Lenin's "State Capitalism" == |