Capitalist Crises

 

Society is always in crisis. Capitalism cannot reform itself; it cannot be reformed. Humanity can be saved only by the socialist revolution. Production must be under common ownership. If an industry is municipal-wide, the municipality is possessed of the ownership of that industry. If an industry is state wide, in its nature, the state is going to be possessed of that industry. If socialism means that the capitalist state is to acquire all the industries — municipal, and national — thus establishing a bureaucracy with its with its oppression, with its obligation to the investors and the banks, it would be nothing short of State Industrial Feudalism, against which every socialist should fight, and fight hard. But socialism does not mean that.