The ANC has never at any period of its history advocated a revolutionary change in the economic structure of the country, nor has it, to the best of my recollection, ever condemned capitalist society.

Gandhi seeks an economic order, alternative to the capitalist and communist, and finds this in sarvodaya based on nonviolence.

What would happen if capital succeeded in smashing the Republic of Soviets? There would set in an era of the blackest reaction in all the capitalist and colonial countries, the working class and the oppressed peoples would be seized by the throat, the positions of international communism would be lost.

Undoubtedly, our path is not of the easiest; but, just as undoubtedly, we are not to be frightened by difficulties. Paraphrasing from the well-known words of Luther, Russia might say: 'Here I stand on the frontier between the old, capitalist world and the new, socialist world. Here on this frontier I unite the efforts of the proletarians of the West and of the peasantry of the East in order to shatter the old world. May the God of history be my aid!'

By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.

More striking still, it appeared that, if the process of concentration goes on at the same rate, at the end of another century we shall have all American industry controlled by a dozen corporations and run by perhaps a hundred men. Put plainly, we are steering a steady course toward economic oligarchy, if we are not there already.