Abstract

The problem of the lack of economic growth in Ukraine which is considered through the effect on the economy of the political-economic law on the adequacy of production relations to the level and nature of productive forces is identified. In the course of the analysis of the state of productive forces and industrial relations, it was concluded that the industrial relations of Ukraine contain a rudiment of the economic system of the Middle Ages, which consists in a deep introduction of the institution of oligarchs into the economy. The author outlines the reasons for the emergence of oligarchic capitalism in Ukraine, in which oligarchs have the opportunity to shape public opinion and, thus, influence the composition of the legislative power, which adopts state laws beneficial to them. It is emphasized that industrial relations in Ukraine are currently lagging behind in their development, which, in turn, slows down the development of productive forces and society as a whole. The author has clearly defined that only with the change of outdated industrial relations is it possible to enter a new path of economic development. On the other hand, the productive forces of Ukraine, embodied in the labor force, fully correspond to the current level of development of the world's productive forces. This is the industrial relations lagging in the country from the character of productive forces. The contradiction between them inevitably leads to the reform of industrial relations. However, this should happen not in a revolutionary way, but in an evolutionary way in the form of a political struggle. It is quite difficult to carry out such an evolution, since the institution of oligarchs has informally appropriated all political and economic power. In addition to the role of oligarchs in the economic life of the country, the author considered a number of other elements of industrial relations that oppose the economic development of Ukraine. But in terms of their influence, they can be classified as the second level after the effect of the political-economic law. The article outlines ways of forming industrial relations adequate to the productive forces of modern Ukraine and their impact on economic development. It is noted that within the framework of existing industrial relations, the growth of public production volumes is possible, but its pace will be several times lower than potentially possible.

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