The socialist economy has become so strong, so vigorous that from the summits we have reached we can issue an open challenge of peaceful economic competition to the most powerful capitalist country—the United States of America.

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Source, in full

concluding speech to twenty-second congress of the Communist party of the Soviet Union (October 27, 1961); in Thomas P. Whitney, ed., Khrushchev Speaks: Selected Speeches, Articles, and Press Conferences, 1949–1961 (1963), p. 450

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Quote text and notes from Wikiquote: Nikita Khrushchev (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.