s, and a bank is
necessarily an institution of the owning class.

Russia is ruled through Soviets, and a soviet is necessarily an
institution of the working class.

Banks and Soviets are so many headquarters for big unions. In capitalist
countries the banks are such for the one big union of the owners, and in
Russia the soviets are this for the one big union of the workers. These
big unions cannot co-exist and flourish in the same country.

All owners everywhere see the necessity for their one big union and in
all capitalistic countries, nowhere more than in the United States, they
have the advantage of being on the ground floor and indeed on all the
floors of all the sky scrapers with their union which is the most
universally inclusive and the most relentlessly efficient organization
on earth.

Some workers everywhere see the necessity for their one big union, but
nowhere is it seen as generally and clearly as in Russia,--the only
country in which the workers have held the ground floor for any
considerable time against all comers.

In all countries a beginning has been made by the workers in laying the
foundation for their one big union, but in only one country, Russia, has
progress been made with the superstructure, and here as everywhere the
owners have hindered the workers so that they must defend themselves
with their right hand while they build with their left. Nevertheless
wonderful progress is being made and when the industrial structure has
been completed, as it soon must be, else the world is doomed to
destruction, it shall tower above its capitalist rival as a mountain
over a foot hill.

After all, the power of the owner is money and it is not a real
potentiality, for within the social realm there is in reality only one
potentiality, the power of productivity which exclusively belongs to the
worker.

In the sky there is no god, and on earth there is no king or priest like
unto Labor, the lord of gods, the tzar of kings and the pope of priests.

Labor is high above all potentialities. The motto, "All Power to the
Workers," which the class-conscious proletarians inscribe on their
banners, is not the expression of an ideal fiction, but the declaration
of a practical reality, the greatest among all realities, that reality
in which the whole social realm lives, moves and has its being.

Down with the one big union of the owners. Long live the one big union
of the workers.

II. GOD AND IMMORTALIT