By Ted Grant
The Advances of the Planned Economy
For I dipt into the future, far as human eye could see,
Saw the Vision of the world, and all the wonder that would be.
The Russian Revolution of 1917 was one of the greatest events in history. If we leave aside the heroic episode of the Paris Commune, for the first time millions of downtrodden workers and peasants took political power into their own hands, sweeping aside the despotic rule of the capitalists and landlords, and set out to create a socialist world order. Destroying the old Tsarist regime that held sway for a thousand years, they had conquered one-sixth of the world's land surface. The ancien régime was replaced by the rule of a new democratic state system: the Soviet of Workers', Soldiers' and Peasants' Deputies. It heralded the beginning of the world revolution, inspiring the hopes and dreams of millions who had lived through the nightmare of the first world war. Notwithstanding the terrible backwardness of Russia, the new Socialist Soviet Republic represented a decisive threat to the world capitalist order. It struck terror in bourgeois circles, who rightly regarded it as a threat to their power and privileges, but comforted themselves with the notion that the Bolshevik regime was likely to only last a matter of weeks. The nationalised property relations that emerged from the revolution, the foundations of an entirely new social system, entered into direct conflict with the capitalist form of society. Despite the emergence of Stalinism, this fundamental antagonism existed right up until the collapse of the Soviet Union. Even today events in Russia continue to haunt world politics, like some Banquo's ghost that continually overshadows the festivities of the capitalist class.
Read the rest here