For the wage-dependent classes, the inflation phenomenon has determined as a consequence the tendency to constantly lower the purchasing power of wages (/to reduce real wages), i.e. to pay for labour-power below its value, which allows capital to work against the falling tendency of the rate of profit. […] This phenomenon does not depend on the will of capital or of the capitalists, nor on the “good” or “bad” administration of governments which would supposedly be so powerful that they can escape the laws of capital: this phenomenon is an expression of the objective laws of the most developed capital.
It is indeed with the “most furious hatred” that the armies of the international bourgeoisie threw themselves at the communist dictatorship of Russia, the center of this world proletarian revolution of which it proclaimed itself the first fortress and the torch, and of which it would never have thought of separating its own fate from. For years, the guardians of Capital erected and maintained, all around the Russian powder keg, the cordon sanitaire of military intervention and political counterattack. […] Since then, fifty years have passed, the bourgeoisie of all countries has forgotten the terrors of the time and, for them, October has gone down in history; it is a museum piece, a body without “soul”, a weapon with a blunt edge. The time for commemoration has come: October is dead. At least we think so.