3. To confirm the decree of the Soviets transferring all banks to the ownership of the Soviet Republic, as one of the steps in the freeing of the toiling masses from the yoke of capitalism.
4. To enforce general compulsory labor, in order to destroy the class of parasites, and to reorganize the economic life. In order to make the power of the toiling masses secure and to prevent the restoration of the rule of the exploiters, the toiling masses will be armed and a Red Guard composed of workers and peasants formed, and the exploiting classes shall be disarmed.
III
1. Declaring its firm determination to make society free from the chaos of capitalism and imperialism, which has drenched the country in blood in this most criminal war of all wars, the Constituent Assembly accepts completely the policy of the Soviets, whose duty it is to publish all secret treaties, to organize the most extensive fraternization between the workers and peasants of warring armies, and by revolutionary methods to bring about a democratic peace among the belligerent nations without annexations and indemnities, on the basis of the free self-determination of nations—at any price.
2. For this purpose the Constituent Assembly declares its complete separation from the brutal policy of the bourgeoisie, which furthers the well-being of the exploiters in a few selected nations by enslaving hundreds of millions of the toiling peoples of the colonies and the small nations generally.
The Constituent Assembly accepts the policy of the Council of People's Commissars in giving complete independence to Finland, in beginning the withdrawal of troops from Persia, and in declaring for Armenia the right of self-determination.
A blow at international financial capital is the Soviet decree which annuls foreign loans made by the governments of the Czar, the landowners and the bourgeoisie. The Soviet government is to continue firmly on this road until the final victory from the yoke of capitalism is won through international workers' revolt.
As the Constituent Assembly was elected on the basis of lists of candidates nominated before the November Revolution, when the people as a whole could not yet rise against their exploiters, and did not know how powerful would be the strength of the exploiters in defending their privileges, and had not yet begun to create a Socialist society, the Constituent Assembly considers it, even from a formal point of view, unjust to oppose the Soviet power. The Constituent Assembly is of the opinion that at this moment, in the decisive hour of the struggle of the people against their exploiters, the exploiters must not have a seat in any government organization or institution. The power completely and without exception belongs to the people and its authorized representatives—the workers', soldiers' and peasants' Soviets.