ism " ▁throughout ▁the ▁USS R . ▁The ▁ 1 9 6 5 ▁Soviet ▁economic ▁reform ▁was ▁interpreted ▁as ▁a ▁proof ▁of ▁that ▁theory . ▁Some ▁Western ▁Ma o ists ▁followed ▁this ▁interpretation . ▁A ▁ 1 9 7 7 ▁resolution ▁of ▁the ▁Bay ▁Area ▁Commun ist ▁Union , ▁an ▁American ▁Ma o ist ▁group , ▁stated ▁that : ▁" In ▁social ist ▁society , ▁comm od ity ▁exchange , ▁as ▁well ▁as ▁value ▁and ▁the ▁law ▁of ▁value ▁continue ▁to ▁a ▁certain ▁extent . ▁Only ▁commun ism ▁ob liter ates ▁all ▁aspects ▁of ▁comm od ity ▁exchange , ▁value , ▁money , ▁etc . ▁However , ▁one ▁comm od ity ▁does ▁disappear ▁under ▁social ism : ▁labor - power ." ▁ ▁From ▁the ▁ 1 9 3 0 s ▁to ▁the ▁ 1 9 5 0 s , ▁when ▁Soviet ▁industrial ization ▁seemed ▁to ▁be ▁for ging ▁ahead , ▁many ▁Western ▁Marx ists ▁the or ized ▁that ▁Soviet ▁state ▁capital ism ▁was ▁a ▁" high er ▁stage " ▁of ▁capital ism ▁than ▁ordinary ▁capital ism . ▁But ▁when ▁it ▁became ▁very ▁clear , ▁in ▁the ▁ 1 9 8 0 s , ▁that ▁Soviet ▁economic ▁growth ▁was ▁lag ging ▁behind ▁the ▁West , ▁the ▁Soviet ▁state - cap ital ist ▁stage ▁was ▁often ▁recon cept ual ized ▁as ▁a ▁lower ▁stage ▁of ▁capital ism , ▁which ▁would ▁in ▁due ▁course ▁lead ▁to ▁" ordinary " ▁capital ism ▁( in ▁Cl iff ' s ▁theory , ▁all ▁capital isms ▁in ▁all ▁countries ▁are