“After the Bolshevik Revolution of 1917, the Soviet Union abolished private property in land for the most part, but left about 4 percent of the land in private hands. The New Argument in Economics, The Public versus the Private Sector, edited by Helmut Schoeck and James W. Wiggins, contains this insight:
‘In 1959, these little private plots (4%) accounted for well over 46 percent of the Soviet Union’s production of potatoes and vegetables, 38 percent of the output of beef and veal, 51 percent of the output of pork, 50 percent of the output of milk, and over 80 percent of the output of eggs’.”
Roger McKinney
