"The big banks are the "state apparatus" which we need to bring about socialism, and which we take ready-made from capitalism' our task here is merely to lop off what capitalistically mutilates this excellent apparatus, to make it even bigger, even more democratic, even more comprehensive. Quantity will be transformed into quality. A single State Bank, the biggest of the big, with branches in every rural district, in every factory, will constitute as much as nine-tenths of the socialist apparatus."
Vladimir Lenin

January 1, 1970

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Original Language: English