In due time the State will probably be compelled to put an end to the expiring monetary circulation. This will be of especial importance in order to bring about the final disappearance of the laggards of the bourgeois classes who with hoarded money will continue to consume values created by the workers in a society which has proclaimed: “He who does not work, neither shall he eat.”
Thus, from the very outset of the socialist revolution, money begins to lose its significance. All the nationalised undertakings, just like the single enterprise of a wealthy owner (for the owner of the unified enterprises is now the proletarian State), will have a common counting-house, and will have no need of money for reciprocal purchases and sales. By degrees a moneyless system of account-keeping will come to prevail. Thanks to this, money will no longer have anything to do with one great sphere of the national economy. As far as the peasants are concerned, in their case likewise money will cease by degrees to have any importance, and the direct exchange of commodities will come to the front once more. Even in private trade among the peasants, money will pass into the background, and the buyer will find himself able to procure