Word: capitalisme
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Dates: during 1920-1929
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In 1921, Lenin the Late promulgated his N. E. P. (New Economic Policy)− inviting foreign capital to exploit Russian concessions sharing profits with the Government−which virtually marked the receding of the waves of Communism from the shores of Capitalism. It was a fearless step to save Russia...
At the end of 1923, the Communist intransigents triumphed, began a drive against the capitalists. The N. E. P. went largely by the board. The drive was chiefly a political movement, readily understandable, since the rise of Capitalism, even in an attenuated form, must eventually spell the fall of Communism...
There are other observers who are not so sure of this. Many currents and and cross-currents are at work in India at present making accurate judgement difficult. On the one hand, as Mr. Otto Rothfeld points out, a growing capitalism is overthrowing traditional economic institutions. In the wake of...
Trotzky, Commissar of War: "We are entering on an epoch of aggressive development of American militarism which follows the same policy of expansion as pre-war German militarism. . . . In reality, American capitalism and its militarism are the sole cause of the World's unbalanced state and anarchy. United States...
It was clear, however, that the Congress would not go on record in favor of any policy either directly or indirectly favoring Communism, although a strong sentiment existed in favor of combating the growth of international Capitalism. After this, discussion of policy at the proposed Conference was ruled out.