Capitalism in its imperialist stage arrives at the threshold of the most complete socialization of production. In spite of themselves the capitalists are dragged, as it were, into the new social order, which marks the transition from complete free competition to complete socialization. Production becomes social, but appropriation remains private. The social means of production remain the private property of a few. The framework of formally recognized free competition remains, but the yoke of a few monopolists on the rest of the population becomes a hundred times heavier, more burdensome and intolerable. (Vladimir Lenin)

Capitalism in its imperialist stage arrives at the threshold of the most complete socialization of production. In spite of themselves the capitalists are dragged, as it were, into the new social order, which marks the transition from complete free competition to complete socialization. Production becomes social, but appropriation remains private. The social means of production remain the private property of a few. The framework of formally recognized free competition remains, but the yoke of a few monopolists on the rest of the population becomes a hundred times heavier, more burdensome and intolerable.

Vladimir Lenin

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appropriation competition complete drag few framework free heavy hundred imperialist order population private production property remain rest social spite stage threshold times transition yoke remains means socialization capitalism marks

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