Monopolies, oligarchy, the striving for domination and not for freedom, the exploitation of an increasing number of small or weak nations by a handful of the richest or most powerful nations -- all these have given birth to those distinctive characteristics of imperialism which compel us to define it as parasitic or decaying capitalism.

The greed of the Italian money bags and capitalists, who need new markets and new achievements for Italian imperialism. What kind of war was it? A perfected, civilised blood bath, the massacre of Arabs with the help of the "latest" weapons.

Trade unions and strikes cannot help in times of crisis when there is no demand for this "commodity", they cannot change the conditions which, convert labour-power into a commodity and which doom the masses of working people to dire need and unemployment. To change these conditions, a revolutionary struggle against the whole existing social and political system is necessary; the industrial crisis will convince very many workers of the justice of this statement.

If it were necessary to give the briefest possible definition of imperialism, we should have to say that imperialism is the monopoly stage of capitalism.

When the speeches of Wilson, Clemenceau, and Lloyd George, the worst of the predators, the wild beasts of imperialism, are repeated here by Martov in the name of the Russian Social Democratic Labour Party ... then I say to myself that we have to be on the alert and to realise that the Cheka is indispensable!

Between capitalist and communist society there lies the period of the revolutionary transformation of the one into the other. Corresponding to this is also a political transition period in which the state can be nothing but the revolutionary dictatorship of the proletariat.