Letter to Nikolai Bukharin, March-April, 1921

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The question is of theoretical interest too:

the proletarian state power holds

a material base {{ factories railways foreign trade.

Consequence: in its hands is a commodity stock and its wholesale (railway) transport.

What is the proletarian state power doing with this stock?

Selling it:

(α) to the workers by hand and brain for money,

or for their labour without money;

(β) to the peasants for grain.

How does it sell? Through whom?

Through a commission agent (=a trader) for his percentage on commission.

It gives preference to the co-operatives (trying to organise the entire population in them).

Why is this impossible? Yet this is capitalism+socialism.