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LAST DITCH OF DEMOCRACY - Majority Rights

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Tsarist Russia was an immense reserve force for western imperialism,<br />

not only in that it gave free entry to foreign capital which controlled<br />

decisive branches of Russian economy like fuel and metallurgy, but also<br />

that it could furnish millions of soldiers to the western imperialists.<br />

Russian army, 12 million strong; shed its blood on imperialist fronts to<br />

safeguard the staggering profits of Anglo-French capitalists. Tsarism was<br />

the agent of western imperialism in squeezing hundreds of millions from<br />

the population by way of interest on loans floated in Paris, London, etc.,<br />

faithful ally in partitioning Turkey, Persia, China, etc. Was not Russia an<br />

essential factor in this war? Joe is speaking of the war that had occurred<br />

before he wrote his little brochure. As to this war: some estimates give<br />

30 million as the cost to Russia, 30 million human lives.<br />

The Leninist theory of the proletarian revolution is based on three<br />

fundamental issues.<br />

First thesis, the domination of finance capital in the advanced capitalist<br />

countries, the issue of stocks and bonds as the principal operation of<br />

finance capital, the export of capital to the sources of raw materials,<br />

which is one of the bases of imperialism, the OMNIPOTENCE of a<br />

financial oligarchy, a consequence of the dominations of financial<br />

capital. All these reveal the crudely parasitic character of monopolist<br />

capitalism, make the yoke of the capitalist trusts and syndicates 100<br />

times more burdensome.<br />

Perhaps Col. McCormick had better get the pamphlet and read it. Tenth<br />

anniversary edition, International Publishers, 100,000 copies at 10 cents,<br />

probably reprinted dozens of times during the past decade, as they will<br />

have already celebrated a 20th anniversary.<br />

The Col. has heard recently, i.e., in the course of the early spring of this<br />

year, of the American Constitution. I dunno whether he has yet passed<br />

the stages of his beardless youth, eh, the MENTAL stages. If he had

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