“Some comrades think that industrialization implies the development of any kind of industry. There are even some queer fellows who believe that Ivan the Terrible was an industrialist, because in his day he created certain embryonic industries. If we follow this line of argument, then Peter the Great should be styled the first industrialist. That, of course, is untrue. Not every kind of industrial development is industrialisation. The centre of industrialisation, the basis for it, is the development of heavy industry (fuel, metal, etc.), the development, in the last analysis, of the production of the means of production, the development of our own machine-building industry. Industrialisation has the task not only of increasing the share of manufacturing industry in our national economy as a whole; it has also the task, within this development, of ensuring economic independence for our country, surrounded as it is by capitalist states, of safeguarding it from being converted into an appendage of world capitalism. Encircled as it is by capitalism, the land of the dictatorship of the proletariat cannot remain economically independent if it does not itself produce instruments and means of production in its own country, if it remains stuck at a level of development where it has to keep its national economy tethered to the capitalistically developed countries, which produce and export instruments and means of production. To get stuck at that level would be to put, ourselves in subjection to world capital.

Take India. India, as everyone knows, is a colony. Has India an industry? It undoubtedly has. Is it developing? Yes, it is. But the kind of industry developing there is not one which produces instruments and means of production. India imports its instruments of production from Britain. Because of this (although, of course, not only because of this), India’s industry is completely subordinated to British industry. That is a specific method of imperialism—to develop industry in the colonies in such a way as to keep it tethered to the metropolitan country, to imperialism.

But it follows from this that the industrialisation of our country cannot consist merely in the development of any kind of industry, of light industry, say, although light industry and its development are absolutely essential for us. It follows from this that industrialisation is to be understood above all as the development of heavy industry in our country, and especially of our own machine-building industry, which is the principal nerve of industry in general. Without this, there can be no question of ensuring the economic independence of our country.”

– J.V. Stalin, “The Economic Situation of the Soviet Union and the Policy of the Party”