This year marks the 100th anniversary of the October Revolution. The apologists of capitalism, and their faithful echoes in the labour movement, try to comfort themselves with the thought that the collapse of the USSR signified the demise of socialism. But what failed in Russia was not socialism but a caricature of socialism. Contrary to the oft-repeated slanders, the Stalinist regime was the antithesis of the democratic regime established by the Bolsheviks in 1917.