The strategic political implication of stamocap theory towards the end of the Joseph Stalin era and afterwards was that the labour movement should form a people's democratic alliance under the leadership of the communist party with the progressive middle classes and small business against the state and big business (called monopoly for short). Sometimes this alliance was also called the anti-monopoly alliance. At the 1965 Afro-Asian Conference, delivered at the Second Economic Seminar of Afro-Asian Solidarity in Algeri, Che Guevara argued that "since monopoly capital took over the world, it has kept the greater part of humanity in poverty, dividing all the profits among the group of the most powerful countries. The standard of living in those countries is based on the extreme poverty of our countries".