He gets in his digs at Communism (“The point about Communism is that it only reforms the pickpocket by forbidding pockets.”) but he knows his audience is already worried about Communism, and his goal is to get them equally worried about Capitalism.
It is all very well to repeat distractedly, “What are we coming to, with all this Bolshevism?” It is equally relevant to add, “What are we coming to, even without Bolshevism?”