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Georgia, a social-democratic peasant republic, impressions and observations
Image 54
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Kautsky, Karl, 1854-1938. Georgia, a social-democratic peasant republic, impressions and observations - Image 54. 1921. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. April 11, 2021. https://digital.lib.uh.edu/collection/scpamp/item/3970/show/3907.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Kautsky, Karl, 1854-1938. (1921). Georgia, a social-democratic peasant republic, impressions and observations - Image 54. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/scpamp/item/3970/show/3907

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Kautsky, Karl, 1854-1938, Georgia, a social-democratic peasant republic, impressions and observations - Image 54, 1921, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed April 11, 2021, https://digital.lib.uh.edu/collection/scpamp/item/3970/show/3907.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Georgia, a social-democratic peasant republic, impressions and observations
Creator (LCNAF)
  • Kautsky, Karl, 1854-1938
Contributor (LCNAF)
  • Stenning, H. J. (Henry James), 1889-, translator
Publisher International Bookshops
Place of Creation (TGN)
  • London, England
Date 1921
Subject.Geographic (TGN)
  • Georgia
Genre (AAT)
  • pamphlets
Language English
Type (DCMI)
  • Text
Original Item Extent 111, [1] pages; 19 cm
Original Item Location DK5ll.G3K3 1921
Original Item URL http://library.uh.edu/record=b8304504~S11
Original Collection Socialist and Communist Pamphlets
Digital Collection Socialist and Communist Pamphlets
Digital Collection URL http://digital.lib.uh.edu/collection/scpamp
Repository Special Collections, University of Houston Libraries
Repository URL http://libraries.uh.edu/branches/special-collections
Use and Reproduction Public Domain: This item is in the public domain and may be used freely.
File Name index.cpd
Item Description
Title Image 54
Format (IMT)
  • image/jpeg
File Name uhlib_2669984_053.jpg
Transcript tions. As no one knows what prices and money values will be in the future, there is a preference for cash payments. Credit is the most potent means to vivify the mass of capital which exists in society. Without credit the scope of a given mass of capital is notably restricted. The effect is especially paralysing at a period when the mass of capital is greatly reduced by the ravages of war. Another circumstance is not less harmful. Under existing conditions there is little incentive to invest capital in undertakings which do not turn over their capital rapidly. Consequently there is the strongest motive to employ capital in money speculations and usury instead of in industry. So long as a capitalist mode of production exists, it is in the interest not only of the whole of society, but also of the workers, that the available capital be embarked upon productive industrial undertakings giving employment to workers and increasing the sum of commodities. It should not parasitically be employed in speculations and usury, which employ no workers, yield no products, and only increase prices. The system of paper money not only threatens the State with complete bankruptcy, and with absolute worthlessness of the money which it issues; it has brought growing confusion and paralysis into the whole economic machinery. This condition can only be dealt with by placing the State financesi upon a sound basis, by balancing income and expenditure, so that the activities of the printing press may be stopped. But how is the State to obtain the revenue it needs so long as trade and commerce are suspended? Thus we find ourselves ini a vicious circle, out of which there seems to be no way ; economy cannot become healthy without sound finances, and these cannot become sound unless economy becomes healthy. A considerable improvement could be effected if normal peaceful conditions were established among Georgia's neighbours, if the civil war and campaign of conquest ceased in Russia, Aserbaijan, Armenia, and 52