When I first saw this scene as a child I found the song very catchy but now every time I watch this scene I just pity all the people in this scene I kept thinking "Sure, dance now, but just wait two more years til '28 when Stalin's first Five Year Plan kicks in. You won't be singing and dancing then!" P.S. I couldn't find one in English
The historical accuracy of the movie is retarded but you can't help but feel sorry for them, knowing what's gonna happen to them in 1928