The G.I.C. and the economy of the transition period (1)

Origin and meaning of the ‘Fundamental Principles’

The work Fundamental Principles of Communist Production and Distribution (further: Fundamental Principles) of the Group of International Communists (GIC) is an important text of the communist Left on the economic problems of the transition period from capitalism to communism. The GIC describes the relevance of the Fundamental Principles as follows:

As soon as the rule of the working class has become a fact in an industrialized country, the proletariat is confronted with the task of carrying through the transformation of economic life on new foundations, those of communal labor. The abolition of private property is easily pronounced, it will be the first measure of the political rule of the working class. But that is only a juridical act which aims at providing the legal foundation for the real economic proceeding. The real transformation and the actual revolutionary work then only begins.”  (1)

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The G.I.C. and the economy of the transition period (2)

Misunderstandings and anti-critique

In the foregoing, reference has been made to the misunderstandings that have arisen over time due to inadequate translations and summaries of the Fundamental Principles and unfamiliarity with the three preliminary studies. This section introduces the most important of these misunderstandings and corrects them with references to the 1935 version of the Fundamental Principles.
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