"Let us...take the most concrete example of state capitalism...It is Germany. Here we have the 'last word' in modern, large-scale capitalist engineering and planned organization, subordinated to Junker-bourgeois imperialism. Cross out the words in italics and [substitute] a Soviet state, that is, a proletarian state, and you will have the sum total of the conditions necessary for socialism."
Economy of Germany

January 1, 1970

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Original Language: English