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...Russian Revolution, runs the argument, caused a direct and prefound reaction in the capitalist world. Though the Bolsheviks'inteniton was not so much to cut Russia off as a market but to incite European revolutions, Horowitz shows how England and America directly intervened to organize the counter-revolutionary White-Guard to lead the civil war. His discussion reopens a controversey closed by historians for many years. Recent interpretations have vastly underplayed the role of the Allied interference in the Russian Revolution, but Horowitz resurrects much of E. H. Carr's classic three-volume work (1953), The Bolshevik Revolution...

Author: By Tom Crane, | Title: Books Empire and Revolution | 5/25/1971 | See Source »

More importantly Horowitz fails to discuss two important themes related to socialist revolutions which have occupied much attention by Leftist writers recently. Why do bourgeois (capitalist) revolutions fail in some countries? And what problems arise out of differences in the economic development models of socialist countries...

Author: By Tom Crane, | Title: Books Empire and Revolution | 5/25/1971 | See Source »

...candidate's vigor, by the beauty of his wife, by the skill of his speechwriters, and by his reputation outside of politics (no matter how irrelevant that may be to his qualifications for office). There is no practical way to achieve absolute equity for candidates. But in a capitalist democracy, money is the great equalizer, the great leveler of odds. To limit its use in politics would limit freedom, rather than protect...

Author: /time Magazine | Title: Time Essay: CAMPAIGN COSTS: FLOOR, NOT CEILING | 5/17/1971 | See Source »

...fighting against the Medicaid cuts, announced two weeks ago," Dorgan said. "It's obvious we won't succeed until we smash the entire capitalist system and the bosses who run it, and we saw a lot of bosses this weekend...

Author: By Mark Welshimer, | Title: Arrested Harvard Students Reject College's Bail Offer | 5/11/1971 | See Source »

...first change requires free-market pricing-a principle of capitalist economics that the exchange, which regards itself as the citadel of U.S. capitalism, had been reluctant to accept. The Big Board had insisted that member brokers abide by a fixed minimum commission schedule. Last week it bowed to an order from the Securities and Exchange Commission and abolished fixed commissions on the portion of any trade in excess of $500,000. Such trades account for about 5% of N.Y.S.E. members' commissions but are clustered among the major houses, including Salomon Bros., Oppenheimer and Goldman, Sachs...

Author: /time Magazine | Title: STOCK MARKET: Double Blow for the Big Board | 4/19/1971 | See Source »

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