Faeelin said:Here's the thing.
Russia embarked on massive industrialization, but it wasn't terribly efficient; look at the outcome in the Ukraine. Why couldn't a Russia relying on foreign capital and government support industrialize just as well?
You'd see more light industry, sure.
Point 1: This Russia doesn't even have any Ukraine to industrialize!
Point 2: There may be some foreign investment in the seven or eight years following the end of the Civil War - although nowhere near as much as there was in the prewar period, owing to the economic decline of the European countries who were historically the main investors, and also because Russia is still going to look socially unstable. After 1929, this foreign investment is going to dry up completely as the Depression hits, and nascent domestic industries and capitalists are going to go bankrupt.