We are on the eve of the 100th anniversary of the Russian Revolution, the most important event in world history. The first time the working class took power and held it. This anniversary also takes place at a time of severe crisis of the capitalist system. The euphoria of capitalist commentators 25 years ago, at the time of the collapse of Stalinism, has turned into depression and deep worry for the future of their own system. This confirms Ted Grant’s prediction at the time when he said that the collapse of Stalinism was only a prelude to a new period of crisis for capitalism, which would make the former look like a tea party by comparison.