Rudolf Hilferding (August 10, 1877 - February 11, 1941) on State Socialism and Democracy

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(1877 - 1941)

Austrian-born Marxist Economist, Socialist Theorist, Politician and the Chief Theoretician for the Social Democratic Party of Germany (SPD) during the Weimar Republic

: An Austrian-born Marxist economist, socialist theorist,[1] politician and the chief theoretician for the Social Democratic Party of Germany (SPD) during the Weimar Republic, being almost universally recognized as the SPD's foremost theoretician of this century. He was also a physician. (From: Wikipedia.org.)


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Quote #1 on Economic Struggle Quotes >> State Socialism and Democracy

“...the Bolshevik economy can hardly be called "socialist," for to us socialism is indissolubly linked to democracy. According to our concept, socialization of the means of production implies freeing the economy from the rule of one class and vesting it in society as a whole-a society which is democratically self-governed. We never imagined that the political form of that "managed economy" which was to replace capitalist production for a free market could be unrestricted absolutism.”

Source: "State Capitalism or Totalitarian State Economy," by Rudolf Hilferding, Written: 1940?, Source: The Modern Review, June 1947, pp. 266-71.

"State Capitalism or Totalitarian State Economy," by Rudolf Hilferding, Written: 1940?, Source: The Modern Review, June 1947, pp. 266-71.

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