Soviet Rule Aims Profit Basis For Industry Expansion
Soviet leaders plan to extend the profit system to all industries as part of the 1966 70 plan, with the Central Committee set to streamline the economy and expand incentives while delaying a formal plenum agenda until next year. A grain shortfall and costly foreign wheat imports weigh on the economy alongside military and space spending. Premier Kosygin defends profit use as a mechanism not a step toward capitalism. Dutch minister de Jong to visit U S facilities seeking assistance to build nuclear submarines.