corn only in exchange for products in kind, such as clothing, household utensils, furniture, etc. The gradual disappearance of money will likewise be promoted by the extensive issue of paper money by the State, in association with the great restriction in the exchange of commodities dependent upon the disorganisation of industry. The increasing depreciation of the currency is, essentially, an expression of the annulment of monetary values.
But the most forcible blow to the monetary system will be delivered by the introduction of budget-books and by the payment of the workers in kind. In the work-book will be entered how much the holder has done, and this will mean how much the State owes him. In accordance with the entries in his book, the worker will receive products from the consumers’ stores. In such a system it will be impossible for those who do no work to procure goods for money. But the method can only be realised when the State has been able to concentrate into its own hands such a quantity of articles of consumption as is requisite for the supply of all the working members of socialist society. It will be impossible to carry it out until our disorganised industrial system has been reconstructed and expanded.