The social equality which is sensed in outward detail strikes deeper to an economic equality, differences of income certainly exist: the town as a whole enjoys a higher income than the village; a skilled worker may get a wage three or four times that in the lowest wage grade; “specialists” may get special salaries twice or even three times as high as this, and popular journalists and writers may earn by their free-lance efforts a goodly sum. But the differences are small when compared with those in the capitalist world. The trust system in Russia offers a very interesting and very promising combination of centralised direction of general economic policy with a wide decentralisation of operative business decisions to bodies possessing funds of their own and having competence to incur financial liabilities and financial risks. The principle of conceding competence to subordinate organs on all “unnamed” cases, which is the essence of a flexible system, is insufficiently established.