Foreign News: The Rise of COMECON

Over the smoke-blackened gate of the giant steelworks in the Czech town of Pilsen, two notable emblems stand side by side. One is the world-renowned trademark of the century-old firm of Skoda, a winged arrow in a circle. The other is the red star of Communism. The famed plant that munitioned Central Europe's armies through two world wars is now the Skoda Lenin Works, a smoking, clanging symbol of a bold Russian ambition: to bind together all the productive skills of the seven East European satellites into one Moscow-managed economic community.

The agency driving...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!