Bukharinism

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Bukharinism (Russian: Бухаринизм, romanized: Bukharinizm) was the political and economic system of thought developed by the Bolshevik revolutionary and Soviet politician Nikolai Bukharin. It was characterized by its advocacy of gradual, evolutionary development toward socialism in the Soviet Union, based on a mixed economy and a stable alliance between the workers and the peasantry. Bukharinism served as the primary economic policy of the Communist Party of the Soviet Union from 1925 until Joseph Stalin abolished it in 1929. Bukharin's theories grew out of his analysis of the specific conditions of revolutionary Russia, a politically socialist state presiding over an underdeveloped, agrarian economy. His program, often described as a form of market socialism, centered on the continuation of the New Economic Policy (NEP). It proposed using market relations to encourage both the state-owned industrial sector and private peasant agriculture, believing that the prosperity of the peasantry would...

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