SU's relationship did not have any profit motive although the rupee-ruble exchange (despite the rupee's overvaluation) was not the best for India. However, buying capital equipment with tea was a deal that India could not afford to give up. So who was gaining at whose expense remains somewhat murky in this relationship. Cold War dynamics had more to do with this and newly independent India did want to pursue some independence, which it did by allying itself with the SU and EE, although India also played the US card once in a while.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa, Chair & Professor of Contemporary Indian Studies Australia India Institute and School of Social & Political Sciences University of Melbourne, 147-149 Barry Street, Carlton VIC 3053, AUSTRALIA Ph: +61 3 9035 6161 Visit the Australia India Institute Website http://www.aii.unimelb.edu.au/ Conference: http://idsk.edu.in/wp-content/uploads/2015/11/Instruments-of-Intervention_prog_abstract_final.pdf New: After-Development Dynamics (on South Korea) http://ukcatalogue.oup.com/product/9780198729433.do Forthcoming Book: http://www.tandf.net/books/details/9780415564953/ New Book Series (Dynamics of Asian Development) http://www.springer.com/series/13342 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Sent from my iPad > On Dec 19, 2015, at 07:56, Louis Proyect <[email protected]> wrote: > >> On 12/18/15 3:48 PM, Joseph Green wrote: >> The quote shows that both the Soviet Union and Eastern Europe were in deep >> economic trouble, and that their plans to get out of it didn't work. But this >> doesn't refute that the Soviet domination of Eastern Europe was imperialist; >> it only shows that it was an ailing imperialism. > > Well, it is a strange imperialism in which the colony is subsidized by > the colonizer. But then again, whatever the USSR's many faults, > profit-seeking was not one of them. Read Alec Nove's "The Economics of > Feasible Socialism" for more on this. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l
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