Page:Karl Kautsky - The Social Revolution - tr. Wood Simons (1902.djvu/122

 for nationalization. The same is true of sugar factories, breweries, etc.

The trend of evolution under a proletarian regime would be towards making the national form of industry predominant.

So much then concerning the property in the means of production of the great industries, including those in agriculture. What then is to happen to money capital and landed property? Money capital is that portion of capital taking the form of interest-bearing loans. The money capitalist fulfills no personal function in the social life, and can without difficulty be at once expropriated. This will be all the more readily done as it is this portion of the capitalist class, the financier, who is most superfluous, and who is continually usurping domination over the whole economic life. He is also the master of the great private monopolies, the trusts, etc., and it is therefore impossible to expropriate industrial capital without including money capital. They are too completely bound up in each other. The socialization of capitalist industry (as one may designate for short the transference to national, municipal and co-operative possession) will carry with it the socialization of the greater part of the money capital. When a factory or a piece of landed property is nationalized, its debts will be also nationalized, and private debts will become public debts. In the case of a