the dominance of the proletariat over the other strata of the workers shall be continually maintained, and that everywhere there shall be put into practice various measures to facilitate and achieve the transition from petty-bourgeois cooperatives of the old capitalist type to consumers’ communes led by the proletarians and the semi-proletarians.[§115-119.]
MONEY AND BANKS.
Avoiding the mistakes made by the Commune of Paris, the Soviet Power in Russia first seized the State Bank, and then nationalised the private commercial banks, and formed a union of nationalised banks, and of their accumulated funds, merging them in the State Bank. In this way was created the framework of the People’s Bank of the Soviet Republic. Thus, from being a centre for the economic dominion of financial capital and an instrument for the political rule of the exploiters, the bank became an instrument of the workers’ power and a lever to promote economic transformation. In order to carry to its logical conclusion the work begun by the Soviet Power, the Russian Communist Party lays especial stress upon the following principles: