Russia: Inside Libermcmism

The new economics of Communism, which accepts the profit motive, is spreading through the Soviet bloc more rapidly than blue jeans and Beatle ballads. Dubbed "Libermanism" in the West, after Russian Economist Evsei Liberman (TIME cover, Feb. 12, 1965), it calls for less bureaucratic planning and controls, more freedom for managers to decide what to make and how to sell it, and profit sharing for workers and management. In Russia, 243 enterprises employing 1,000,000 people have been Libermanized. This week Russia's entire tobacco and tea industries will be converted. By year's end one-third of Soviet industry is scheduled to...

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