ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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The Politics and Economics of Intermediate Regimes

of "Intermediate Regimes" IN a paper published in 1964, Kalecki used the term "intermediate regimes" to describe governments in which the lower-middle class and the rich peasantry could be identified as performing the role of the ruling class.1 In the past, he observed, whenever social up- heavels brought their representatives to power they had invariably served the interests of big business often allied with the remnants of the feudal system. However, certain conditions had emerged recently in many underdeveloped countries which made it possible for them to play a different role. The specific conditions he cited were: the numerical dominance of the lower middle class at the time of achievement of the political independence of these countries, the extensive involvement of governments in economic activity, and the availability to; them of credits from socialist countries. Given these conditions, the state could, in his view, perform the role of 'dynamic entrepreneurs', undertake the basic investment necessary for economic development, and promote "a pattern of amalgamation of the interests of the lower middle class with state capitalism.

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