The basic question of every revolution is that of state power. Unless this question is understood, there can be no intelligent participation in the revolution, not to speak of guidance of the revolution.The highly remarkable feature of our revolution is that it has brought about dual power. This fact must be grasped first and foremost: unless it is understood, we cannot advance. We must know how to supplement and amend old "formulas".

Finance capital is not only interested in the already known sources of raw materials; it is also interested in possible sources of raw materials, because present-day technical development is extremely rapid, and because land which is useless today may be made fertile tomorrow if new methods are applied (to devise these new methods a big bank can equip a whole expedition of engineers, agricultural experts, etc.), and large amounts of capital are invested.

The abolition of classes means, not merely ousting the landowners and the capitalists - that is something we accomplished with comparative ease; it also means abolishing the small commodity producers, and they cannot be ousted, or crushed; we must learn to live with them.

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I am giving both Armand Hammer and B. Mishell a special recommendation on my own behalf and request all C.C. members to give these persons and their enterprise particular support. This is a small path leading to the American 'business' world, and this path should be made use of in every way.