,SOCIALISATION 7,P>T ,I7 

,PEOPLE 3 

,AU?OR 3 ,ANTON ,PANNEKOEK 

,TEXT 3 

,S\RCE3 ,! ,CALL1 #a ,JUNE #a#i#b1 P4 #b 
,TRANSCRIB$3 ,T$ ,CRAW=D 
,H,T,M,L ,M>KUP3 ,BRIAN ,REID 
,NOTE3 ,A SLI<TLY DIFF]5T TRANSLATION IS ALSO AVAILABLE4 
,PUBLIC ,DOMA93 ,M>XI/S ,9T]NET ,>*IVE 7#b#g74 ,Y\ MAY FREELY COPY1 DI/RIBUTE1 DISPLAY & P]=M ?IS WORK2 AS WELL AS MAKE D]IVATIVE & COMM]CIAL WORKS4 ,PLEASE CR$IT 0,M>XI/S ,9T]NET ,>*IVE0 AS Y\R S\RCE4 
,I 

,DUR+ ! FIR/ MON?S ?AT FOLL[$ ! ,G]MAN ,REVOLUTION ( 
,NOVEMB]1 #a#i#a#h1 !RE >OSE A CRY ( 0,SOCIALIZATION40 ,IT WAS ! 
EXPRESSION ( ! WILL ( ! MASSES TO-GIVE TO ! REVOLUTION A SOCIAL MEAN+1 
& NOT TO LET IT /OP AT RE%UFFL+ ( P]SONS1 OR AT A SIMPLE TRANS=MATION 
( ! POLITICAL SY/EM4 ,KAUTSKY W>N$ ! PUBLIC AGA9/ A TOO RAPID 
SOCIALIZATION1 = :I* SOCIETY W\LD NOT YET BE RIPE4 ,! M9]S PUT =W>D 
SOCIALIZATION AS ONE ( !IR /RIKE AIMS--AS DID REC5TLY ! ,BRITI% 
M9]S4 ,A COMMISSION TO /UDY ! QUE/ION ( SOCIALIZATION WAS =M$1 BUT 
SECRET C\NCILS & ! ,GOV]NM5T SABOTAG$ ITS DECISION4 ,= ! ,MAJORITY 
,SOCIALI/ ,GOV]NM5T1 SOCIALIZATION IS ONLY A PHRASE1 A MEANS ( DECEIV+ ! 
WORK]S2 EV]YONE KN[S ?AT IT HAS LONG AGO AB&ON$ ALL ! =M] AIMS & 
PR9CIPLES ( ,SOCIALISM4 ,BUT ! ,9DEP5D5TS HAVE REMA9$ ! FAI?FUL 
GU>DIANS ( ! OLD ,SOCIALI/ DOCTR9E2 !Y BELIEVE 9 IT S9C]ELY1 AS F> AS 
! PROGRAM ( SOCIALIZATION IS CONC]N$4 ,IT IS !RE=E 9T]E/+ TO 
/UDY ?IS PROGRAM1 9 ORD] TO *>ACT]IZE ! RADICAL T5D5CY :I* EXI/S 
9 ! SOCIAL-DEMOCRACY ( ALL C\NTRIES1 SIDE BY SIDE ) ! GOV]NM5TAL 
,SOCIALI/S OR OPPOSITION TO !M4 

,:5 ! WORK]S DEM& SOCIALIZATION1 !Y >E1 BEYOND ANY D\BT1 ?9K+ 
( ,SOCIALISM1 ( ITS ,SOCIALI/ =M ( ,SOCIETY1 ( ! SUPPRESSION ( CAPITALI/ 
EXPLOITATION ,WE %ALL SEE IF IT HAS ! SAME MEAN+ = ! SOCIAL-DEMOCRATIC 
*IEFS ( TO-DAY4 ,M>X NEV] SPOKE ( SOCIALIZATION3 HE SPOKE ( ! 
EXPROPRIATION ( ! EXPROPRIATORS4 

,( ! TWO PR9CIPAL TRANS=MATIONS 9TRODUC$ BY ,SOCIALISM 9 
PRODUCTION--! SUPPRESSION ( EXPLOITATION & ! ORGANIZATION ( ! 
ECONOMIC SY/EM--! FIR/ IS ! MO/ SIGNIFICANT1 ! MO/ IMPORTANT = 
! PROLET>IAT4 ,ONE CAN CONCEIVE ! ORGANIZATION ( PRODUCTION ON A CAPITALI/ 
BASIS2 IT LEADS TO ,/ATE ,SOCIALISM1 TO A MORE COMPLETE 5SLAVEM5T & 
EXPLOITATION ( ! PROLET>IAT BY ! P[] ( ! C5TRALIZ$ ,/ATE4 ,! 
SUPPRESSION ( EXPLOITATION ) ! DISP]SION ( PRODUCTION WAS ! IDEAL ( 
! PRIMITIVE COOP]ATORS & ( ! AN>*I/S2 BUT :]E ! SUPPRESSION ( 
EXPLOITATION HAS BE5 ACCOMPLI%$1 AS 9 ,COMMUNI/ ,RUSSIA1 IT IS NECESS>Y 
IMM$IATELY TO OCCUPY \RSELVES ) ! ORGANIZATION ( PRODUCTION4 

,IT IS AT ?IS PO9T ?AT ! ,SOCIAL-,DEMOCRATS PUT =W>D G5]AL WAT*WORDS1 
PREP>ATORY TO PRACTICAL MEASURES ( LEGISLATION1 FROM :I* WE CAN SEE1 9 ! 
CLE>E/ POSSIBLE WAY1 :AT SOCIALIZATION MEANS TO !M4 ,SU* WAS ! CASE AT 
,VI5NA1 :]E REIGN ! 0,M>XI/S0 ,R5N] & ,OTTO ,BAU]4 ,WE TAKE 
FROM A LECTURE GIV5 BY ,BAU] ON ,APRIL #b#d?1 AT A MEET+ ( ,TRADE ,UNION 
LEAD]S1 ! >GUM5TS BY :I* HE S\<T TO RECOMM5D HIS PLANS TO !SE 
WORK+ CLASS REPRES5TATIVES4 ,9 ORD]1 HE SAID1 COMPLETELY TO SOCIALIZE L>GE 
9DU/RY1 9 ORD] TO GET RID ( ! CAPITALI/S1 EXPROPRIATION IS FIR/ ( ALL 
NECESS>Y4 0,WE TAKE !IR 5T]PRISES FROM !M10 & ! 
ORGANIZATION ( ! NEW =M ( ADM9I/RATION MU/ FOLL[4 0,EXPROPRIATION 
MU/ NOT TAKE PLACE )\T COMP5SATION1 = WE %\LD BE OBLIG$ TO CONFISCATE 
ALL CAPITAL1 9CLUD+ W> BONDS4 ,! SAV+S BANKS W\LD !N GO BANKRUPT1 ! 
SMALL PEASANTS & ! EMPLOYES W\LD LOSE !IR SAV+S1 & 9T]NATIONAL 
COMPLICATIONS W\LD >ISE4 ,IT IS !RE=E IMPOSSIBLE TO REALIZE A M]E 
CONFISCATION ( CAPITALI/ PROP]TY40 ,! CAPITALI/ W\LD !RE=E BE 
COMP5SAT$2 AN >BITRAL C\RT W\LD DET]M9E ! AM\NT ( COMP5SATION1 :I* 
0\<T TO BE FIX$ ACCORD+ TO ! P]MAN5T VALUE1 & \<T NOT TO 
CONSID] W> PR(ITS0 ,! COMP5SATION W\LD BE PAID 9 ,/ATE LOAN BONDS1 
:I* W\LD BE> AN ANNUAL 9T]E/ ( F\R P] C5T4 

,( C\RSE1 HE CONCLUDES1 ?IS DOES NOT YET MEAN COMPLETE SOCIALIZATION1 
BECAUSE ! =M] CAPITALI/ /ILL RECEIVES ! 9T]E/ ON HIS 5T]PRISE AS 
AN ANNUAL 9COME4 0,TO SUPPRESS ?IS GRADUALLY IS A PROBLEM ( FISCAL 
LEGISLATION1 &1 EV5TUALLY1 ( ! TRANS=MATION ( ! RI<TS ( 
9H]ITANCE02 AFT] SOME G5]ATIONS1 REV5UES NOT PRODUC$ BY LABOR 
W\LD COMPLETELY DISAPPE>4 

,TO ?R[ LI<T ON ! PR9CIPLES :I* LIE AT ! BOTTOM ( !SE PLANS ( 
SOCIALIZATION PUT =W>D BY ! ,SOCIAL-,DEMOCRATS1 WE MU/ CONSID] MORE CLOSELY 
! ESS5CE ( CAPITALI/ PROP]TY & ( ECONOMIC EXPROPRIATION4 

,I,I 

,MONEY1 9 ITS CAPACITY AS CAPITAL1 HAS ! P[] ( MULTIPLY+ ITSELF 
CONT9UALLY BY MEANS ( SURPLUS-VALUE4 ,:OEV] TRANS=MS HIS MONEY 9TO CAPITAL 
& 9VE/S IT 9 PRODUCTION RECEIVES HIS %>E ( ! TOTAL SURPLUS-VALUE 
PRODUC$ BY ! WORLD-PROLET>IAT4 

,! S\RCE ( SURPLUS-VALUE IS ! EXPLOITATION ( ! PROLET>IAT3 
LABOR-P[] IS PAID LESS ?AN ! VALUE IT PRODUCES4 

,MONEY & PROP]TY HAVE ?US1 9 ! CAPITALI/ SY/EM1 NOT M]ELY QUITE A 
NEW MEAN+1 BUT !Y HAVE ALSO BECOME A NEW /&>D4 ,9 ! PETIT-B\RGEOIS 
WORLD1 MONEY IS ! MEASURE ( ! VALUE ( ! LABOR-TIME NECESS>Y = ! 
PRODUCTION ( A COMMODITY4 ,9 ITS CAPACITY AS CAPITAL1 MONEY IS ! MEASURE ( 
SURPLUS-VALUE1 ( ! PR(IT :I* CAN BE REALIZ$ BY ! MEANS ( PRODUCTION4 
,AL?\< IT MAY HAVE 9VOLV$ NO LABOR1 A PRICE WILL BE PAID = PIECE ( L& 
CORRESPOND+ TO ITS R5T CAPITALIZ$4 ,IT IS ! SAME ) A L>GE 5T]PRISE4 
,IF ITS F\NDATION HAS CO/1 LET US SAY1 #a1 FRANCS 7A HUNDR$ %>ES ( 
#a1 FRANCS EA*7 & IT PRODUCES A DIVID5D ( #a P] C5T41 A %>E WILL NOT 
BE SOLD AT #a1 FRANCS1 BUT AT AB\T #b1 FRANCS3 = #a1 FRANCS AT #e P] 
C5T4 BR+ 9 ! SAME REV5UE AS ?AT %>E4 ,ITS CAPITALI/ VALUE IS #b1 
FRANCS1 = IT IS FIX$ BY ! REV5UE2 & ! CAPITALI/ VALUE ( ! :OLE 
5T]PRISE IS #b1 FRANCS1 AL?\< IT MAY ONLY HAVE CO/ #a1FRANCS4 

,WE KN[ ?AT ! GREAT BANKS1 ON ! =MATION ( A NEW 5T]PRISE1 PUT ?IS 
DIFF]5CE 9 !IR POCKETS 9 ADVANCE1 AS 0PROMOT]'S 
PR(ITS10 BY ISSU+ 79 ! CASE UND] CONSID]ATION7 %>ES = #b1 
FRANCS4 

,ON ! O!R H&1 IF ! PR(ITS FROM ?IS 5T]PRISE FALL--= 
EXAMPLE1 ?R\< ! SUCCESSFUL COMPETITION ( /ILL L>G] 
5T]PRISES--MORE & MORE1 UNTIL IT CAN ONLY PRODUCE A DIVID5D ( #a P] 
C5T41 ITS CAPITALI/ VALUE FALLS TO #a1 FRANCS4 ,IF ! PR(IT DISAPPE>S 
5TIRELY1 ! CAPITALI/ VALUE ( ! 5T]PRISE FALLS TO Z]O1 & ONLY ! 
MAT]IAL VALUE ( ! /OCK CAN /ILL BE REALIZ$4 

,CAPITALI/ PROP]TY SIGNIFIES FIR/ ( ALL1 !N1 NOT ! RI<T TO DISPOSE ( 
COMMODITIES1 BUT ! RI<T TO RECEIVE REV5UE )\T WORK+ = IT1 TO RECEIVE 
SURPLUS-VALUE4 ,ITS =M IS ! %>E1 ! PAP] ON :I* ?IS RI<T IS 
9SCRIB$4 ,! 5T]PRISE1 ! FACTORY1 IS ONLY ! 9/RUM5T BY WIT* SURPLUS 
VALUE IS PRODUC$2 PROP]TY ITSELF IS ! RI<T TO SURPLUS VALUE4 ,! 
SUPPRESSION ( EXPLOITATION1 ! SUPPRESSION ( ?IS RI<T1 IS 9 CONSEQU5CE 
! SUPPRESSION ( CAPITALI/ VALUE1 ! CONFISCATION ( CAPITAL4 ,WE CAN N[ 
UND]/& ! ME?OD ( ,OTTO ,BAU]3 TO CONFUSE UND] ! SAME HEAD+ ?IS =M 
( CAPITAL & ! FEW P5CE SAV$ BY ! LITTLE MAN--:O IS ?9K+ 
PRIM>ILY ( SAFEGU>D+ HIS PROP]TY1 & NOT ( RECEIV+ A REV5UE )\T 
WORK+ = IT--& 9 ?IS WAY TO MAKE ! ,TRADE ,UNION (FICIAL'S 
%UDD] AT AN ATTACK ON EXPLOITATION4 

,! SUPPRESSION ( CAPITALI/ PROP]TY & ! SUPPRESSION ( EXPLOITATION 
>E NOT1 !RE=E1 CAUSE & EFFECT1 MEANS & 5D2 !Y >E ONE & ! SAME 
?+4 ,CAPITALI/ PROP]TY DOES NOT EXI/ EXCEPT BY EXPLOITATION1 & ITS VALUE 
IS FIX$ BY SURPLUS-VALUE4 ,LET SURPLUS-VALUE DISAPPE> 9 ONE WAY OR ANO!R1 
LET ! WORK] RECEIVE ! FULL PRODUCT ( HIS LABOR1 & CAPITALI/ PROP]TY 
WILL DISAPPE> AT ! SAME TIME4 ,IF ! PROLET>IAT IMPROVES ITS CONDITIONS ( 
LABOR 9 SU* A WAY ?AT 5T]PRISES WILL NO LONG] BR+ ANY PR(IT TO 
CAPITAL1 !IR CAPITALI/ VALUE WILL FALL TO Z]O2 ! FACTORIES CAN BECOME V]Y 
USEFUL TO SOCIETY1 BUT !Y WILL HAVE LO/ !IR VALUE = ! CAPITALI/S4 
,MONEY1 !N1 LOSES ! P[] ( PRODUC+ MORE MONEY1 ( PRODUC+ SURPLUS 
VALUE1 BECAUSE ! WORK]S NO LONG] ALL[ !MSELVES TO BE EXPLOIT$4 ,?IS IS 
! EXPROPRIATION ( :I* ,M>X WAS ?9K+4 ,CAPITALI/ PROP]TY WILL BE 
SUPPRESS$ BECAUSE CAPITAL WILL HAVE NO VALUE1 WILL NOT PRODUCE ANY PR(IT4 ,?IS 
ECONOMIC EXPROPRIATION1 BY :I* PROP]TY LOSES ITS VALUE & IS CONSEQU5TLY 
DE/ROY$1 AL?\< ! RI<T ( FREE DISPOSITION REMA9S1 IS ! OPPOSITE ( 
! LEGAL EXPROPRIATION (T5 C>RI$ \T 9 ! CAPITALI/ WORLD1 BY :I* ! 
RI<T ( FREE DISPOSITION IS SUPPRESS$1 :ILE PROP]TY IS ALL[$ TO REMA9 9 
! =M ( COMP5SATION4 

7,TO BE CONT9U$7 

,FROM 3 ,M>XI/S4ORG4 

,*RONOLOGY 3 
,M>* #a1 #bba 3 ,SOCIALISATION 7,P>T ,I7 -- ,ADD$4 
,JANU>Y #h1 #bbb 3 ,SOCIALISATION 7,P>T ,I7 -- ,UPDAT$4 

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