For the free-enterprise countries of the West, the U.N.'s Economic Commission for Europe had some surprising news. The Russians, said the commission in a report issued last week, are putting more of their national income into capital investments than the capitalist nations themselves.
The boom in Western Europe has lifted living standards all over the Continent, says ECE, but few Western nations have taken advantage of prosperity to step up their capital investments, and thereby boost production. Russia and her satellites, on the other hand, are investing about 25% of their national income in new factories, new machine tools, bigger inventories and...
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