In Defence of October

Study the lessons of the Russian Revolution

About us 1917 Live

Political Parties in Russia and the Tasks of the Proletariat

Index

 

22) SHALL THE PEOPLE TAKE OVER THE LARGEST AND MOST POWERFUL CAPITALIST MONOPOLIES, THE BANKS, THE SYNDICATES OF MANUFACTURERS. ETC.?

A. (to the right of the C.D.)and B. (C.D.). On no account, as this might injure the landowners and capitalists.

C. (S.D. and S.R.). Generally speaking, we are in favour of transferring such organisations to the entire people, but it is too early just now to think of this or prepare for it.

D. (“Bolsheviks”). We must at once start preparingthe Soviets of Workers’ Deputies, the Councils of Bank Employees’ Deputies, etc., for taking practical and practicable steps towards merging all banks into a single national bank, to be followed by the establishment of control by the Soviets of Workers’ Deputies over the banks and syndicates, and then by their nationalisation, i.e., their transfer to the possession of the whole people.