Credit reproduces all the fundamental antagonisms of the capitalist world. It accentuates them. It precipitates their development and thus pushes the capitalist world forward to its own destruction.

Social democracy seeks and finds the ways, and particular slogans, of the workers' struggle only in the course of the development of this struggle, and gains directions for the way forward through this struggle alone.

People finally understood that the role of the social-democratic party rests on its conscious leadership of the mass struggle against the existing society, a struggle that must reckon with the vital, necessary conditions of capitalist society.

The high stage of world-industrial development in capitalistic production finds expression in the extraordinary technical development and destructiveness of the instruments of war.

Though foreign loans are indispensable for the emancipation of the rising capitalist states, they are yet the surest ties by which the old capitalist states maintain their influence, exercise financial control, and exert pressure on the customs, foreign and commercial policy of the young capitalist states.

The very action of the proletariat is a determining factor in history. And although we can no more jump over the stages of historical development than a man can jump over his shadow, nevertheless, we can accelerate or retard that development.