“it was Marx who declared that the whole idea of Communism could be summed up in a single formula—the abolition of private property; that the state of the future must take over the centralized management of the means of production, and that the abolition of capital meant the abolition of wage-labour. There was nothing flagrantly illogical in deducing from this that the expropriation of the bourgeoisie and the nationalization of industry and agriculture would bring about the general emancipation of mankind.”