Price Disparity Quotes



Lev Davidovich Bronstein. Before the Russian Revolution large factories did not have to be very efficient as the labor was paid so little. After the Revolution, the workers were paid more and the inefficient procedures became even more disorganized with the workers in control for the first time without any management experience. At the same time, the small privately owned manufacturing businesses were making a profit with no help from the government. This was an embarrassment that the Communists eventually solved by shutting down the private businesses that were such an embarrassment. Russian manufacturing was never world class and efficient under the Soviets even after the post Revolution crises.


Herbert Hoover was then the Food Administrator and in part with his assistance, Congress passed The Food Control Law August, 1917 which contained a provision, guaranteeing a wheat price to the farmer of two dollars a bushel. This was the beginning of Agricultural Subsidies and Corporate welfare for the large farm companies. It was passed under the Democratic Wilson Administration but Republican Herbert Hoover was one of the major supporters.