Vladimir Lenin Quotes
When we are victorious on a world scale I think we shall use gold for the purpose of building public lavatories in the streets of some of the largest cities of the world.
Lenin, Vladimir I. "The Importance of Gold Now and After the Complete Victory of Socialism." 1921. Lenin Collected Works, Vol. 33, Progress Publishers, 1965, p. 113.
Hayek uses this line to explain that fascism may emerge when communism—or belief in its promise—fails, as seen in Stalinist Russia and pre‑Hitler Germany.
Vladimir Ilyich Ulyanov, better known by his alias Lenin, was a Russian revolutionary, politician, and political theorist. He served as the first and founding head of government of Soviet Russia from 1917 to 1924 and of the Soviet Union from 1922 to 1924. Under his administration, Russia, and later the Soviet Union, became a one-party socialist state governed by the Soviet Communist Party. A Marxist, he developed a variant of this communist ideology known as Leninism.