We are further told that the bank will be made even more democratic . Not made democratic as we might expect but made more so. This means that the banks, as they exist under capitalism, are in some way democratic. No doubt this is something that workers in Bank of Ireland and AIB have been unaware of. For Lenin it was not only the banks which could be transformed into a means for salvation.
Socialism is merely the next step forward from state capitalist monopoly.
Or, in other words, socialism is merely state capitalist monopoly which is made to serve the interests of the whole people and has to that extent ceased to be capitalist monopoly Lenin, Ibid, Vol. 25 page 358. State capitalism is a complete material preparation for socialism, the threshold of socialism, a rung on the ladder of history between which and the rung called socialism there are no immediate rungs . Lenin, Ibid, Vol. 24 page 259.