Quotessence
Home / Quotes / Quote by Rudolph Hiferding

Quote by Rudolph Hiferding

“Finance capital, in its maturity, is the highest stage of the concentration of economic and political power in the hands of the capitalist oligarchy. It is the climax of the dictatorship of the magnates of capital. At the same time it makes the dictatorship of the capitalist lords of one country increasingly incompatible with the capitalist interests of other countries, and the internal domination of capital increasingly irreconcilable with the interests of the mass of the people, exploited by finance capital but also summoned into battle against it. In the violent clash of these hostile interests the dictatorship of the magnates of capital will finally be transformed into the dictatorship of the proletariat. [p. 370]”

Quote by Rudolph Hiferding

Book:Finance Capital: A study in the latest phase of capitalist development
Create image

Work

Finance Capital: A study in the latest phase of capitalist development

Browse quotes and source details for this work. more

Author

Rudolph Hiferding

Browse famous quotes and profile details for Rudolph Hiferding. more

You May Also Like

“The political system in which the traditional model is embedded is a dictatorship, that is, a system in which the ruling group impose their will on society, and deal with opposition (real and imaginary) by repression (i.e. arrest, deportation, imprisonment, execution). This dictatorship was originally known as the ‘dictatorship of the proletariat’. This formula expressed the idea that it was a dictatorship of the proletariat, by the proletariat, for the proletariat. Although the formula ‘dictatorship of the proletariat’ was abandoned in the USSR under Khrushchev, along with the Stalinist terror which it had been used to legitimate, it was retained elsewhere. For example, in China it is still orthodox. A ‘people’s democratic dictatorship’ is the officially favoured description of the political system in China, but in essence this is the same as the ‘dictatorship of the proletariat’.”

Dictatorship Of The Proletariat
Book:Socialist Planning
Create image

“The dictatorship has important economic consequences. For one thing, it makes disasters more likely. Because feedback is suppressed by censorship and repression, it is much easier than would otherwise be the case to pursue policies which have disastrous consequences, such as the collectivisation of agriculture. Even when these policies lead to famine, the extent of the famine can be hidden by censorship and control over the movement of people. The leadership has an interest in hiding the extent of the famine so as not to undermine the image of the Glittering Future towards which the Party is supposedly leading society. It is not an accident that the worst famines of the twentieth century were in China and the USSR.”

Dictatorship Of The Proletariat
Book:Socialist Planning
Create image

“There is no greater fallacy than the belief that aims and purposes are one thing, while methods and tactics are another. This conception is a potent menace to social regeneration. All human experience teaches that methods and means cannot be separated from the ultimate aim. The means employed become, through individual habit and social practice, part and parcel of the final purpose; they influence it, modify it, and presently the aims and means become identical.”

AnarchismBolsheviksOctober Revolution
Book:My Disillusionment in Russia
Create image

“Conspiracy theories explaining the Bolshevik victory gained widespread credence: the most popular of these was that of international Jewish conspiracy, since Trotsky, Zinoviev, and a number of other Bolshevik leaders were Jewish; but another theory, revived in Solzhenitsyn's Lenin in Zurich, pictured the Bolsheviks as pawns of the Germans in a successful plot to take Russia out of the war. (...) the attitudes that enabled such theories to flourish may also have influenced Western scholarly approaches to the problem.”

Conspiracy TheoriesOctober Revolution
Book:The Russian Revolution 1917-1932
Create image

“It may well be that the Bolsheviks' greatest strength in 1917 was not strict party organization and discipline (which scarcely existed at this time) but rather the party's stance of intransigent radicalism on the extreme left of the political spectrum. While other socialist and liberal groups jostled for position in the Provisional Government and Petrograd Soviet, the Bolsheviks refused to be co-opted and denounced the politics of coalition and compromise. While other formerly radical politicians called for restraint and responsible, statesmanlike leadership, the Bolsheviks stayed out on the streets with the irresponsible and belligerent revolutionary crowd. As the 'dual power' structure disintegrated, discrediting the coalition parties represented in the Provisional Government and Petrograd Soviet leadership, only the Bolsheviks were in a position to benefit. Among the socialist parties, only the Bolsheviks had overcome Marxist scruples, caught the mood of the crowd, and declared their willingness to seize power in the name of the proletarian revolution.”

BolsheviksOctober Revolution
Book:The Russian Revolution 1917-1932
Create image

“But the powerful and respected party right, particularly Stalin, went so far in the direction of moderation as to support a merger of Bolsheviks and Mensheviks - the proposal of Irakli Tsereteli, the outstanding Menshevik intellect and orator, recently returned from Siberian exile and now in charge of the Petrograd Soviet.”

RussiaStalinOctober RevolutionTsereteli
Book:October: The Story of the Russian Revolution
Create image

“The early days of revolution were remarkable for how submerged and scattered that hard right was. Most of its high-profile figures had left the country or been arrested after February. Only the erratic Purishkevich remained at large, more or less powerless, tolerated and toothless. The political integument of Petrograd in particular had lurched leftward, repositioning radicals as moderates and moderates as right-wingers. In those days everyone was, or claimed to be, a socialist. No one wanted to be bourgeois.”

RussiaOctober Revolution
Book:October: The Story of the Russian Revolution
Create image

“По гръбнака й преминаха парливи тръпки. (...) Винаги нещо й подсказваше да се пази от тази чувственост. Ала какво трябваше да пази сега? Една унизена гордост, едно оскърбено честолюбие, една стъпкана любов.”

LovePainHumiliationлюбовтютюндимовтъгаборисдимитъргордостиринаскръб
Book:Тютюн
Create image