to put an end to the scandalous state of affairs created by Kerensky and his consorts and to restore the work of democratic food organisations which Kerensky and his government have thwarted. Only the Bolsheviks interfere as true defenders of the national organisation for the distribution of food; only they truly represent the workers and the peasants in the face of the S.R.'s and the Mensheviks, whose policy, vacillating, irresolute and treacherous, has led the country to such a pass as that of the rise in the price of cereals.
10.—The Financial Crash and the Means of Preventing It
There is another aspect of this question of the increase in the retail price of cereals. This increase brings in its train fresh issues of paper money, and consequently a new epidemic of high prices and an aggravation of the financial chaos, leading us straight to bankruptcy. Everyone knows that inflation is the worst form of forced loan, that it especially aggravates the condition of the workers, of the poorer classes of the population, and that it is the principal obstacle in the way of financial recovery.
And the Kerensky government, supported by the S.R.'s and the Mensheviks, has recourse to this measure.
To make a serious attempt to combat financial disorder and to meet the inevitable crash, there is no other method than to break with the capitalist interests and to organise a really democratic control—i.e., by the workers—a control over the capitalists by the workers and the peasants, and this method we have advocated all along.
The unlimited issue of paper money encourages speculation, permits the capitalists to make millions profit and creates immense difficulties for the development, so necessary, of production; for the high cost of materials, of machines, and of every kind of product is making formidable leaps and bounds from day to day. How can the situation be remedied when the rich conceal the wealth they have acquired by speculation?
A progressive tax can be put on incomes with very high taxes on the more important incomes. Our government has already decided on this measure, in imitation of imperialist governments. But the tax has remained and still remains a dead letter, for the value of money depreciates by day, and in addition the falsification
