First Published in 1926, Towards Socialism or Capitalism? considers
how the socialised economy of Soviet Russia, isolated in a
capitalist world after Lenin's death, faced acute dangers. Trotsky
and the Left Opposition alone fought the Stalinist degeneration of
the state and party apparatus which threatened to open the door to
capitalist restoration. The three articles in this book, written
between 1925 and 1932, discuss the fundamental problems of the
Soviet economy from the New Economic Policy to forced
collectivization. Published here in one volume, they are
indispensable steps in the development of Trotsky's analysis of the
Soviet Union, laid down in 1936 in 'The Revolution Betrayed'.
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