Answers to correspondents: Abolition of Capital ? (1939)

Letter to the Editors from the July 1939 issue of the Socialist Standard

Mr. D’Arcy Denny (Biggin Hill)

We have your letter asking us to explain what we mean by the phrase, “Abolition of Capital,” which, you say, appeared on page 35 of the Socialist Standard, dated November, 1933. On referring to the page in question we find that what we said was, “Abolition of Capitalism.” Under Socialism goods will be produced only for use. There will be no monetary system, and no capital.

Editorial Committee.