Pannekoek, Anton

Publisher:  Die Internationale
Date Written:  13/09/1919
Year Published:  1920   First Published:  1919
Resource Type:  Article
Cx Number:  CX10853

Socialization according to Bauer's recipe is legal expropriation without economic expropriation, it is what any bourgeois government might propose. The capitalist value of enterprises will be paid to the employers in compensation and henceforth they will receive in interest on bonds what they formerly received in profit. This socialization replaces private capitalism with State capitalism; the State takes on the task of sweating profits from the workers and giving it to capitalists.

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