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I see. So we will have One party who will have power which they will use to abolish the state which means said party loses all their power and wealth and they will do this happily for some reason even though history has shown for the most part when given power, people don't want to give it up...

If you want the state to be abolished, why do you want for there to be one party? No state means no government, no? A true anarchist would not want a government I would think.