Although the 1917 Russian Revolution was arguably the defining event of the twentieth century, what makes it remarkable 100 years on is its legacy of failure.
At least the French Revolution of 1789 transferred land to the peasants. They became enthusiastic champions of property rights. The October Revolution, by contrast, led to the deaths of millions of peasants and the dead hand (or blood-soaked fist) of collective land ownership.
Across the globe, socialism of the Leninist-Stalinist variety has resulted in mass murder and human catastrophe. Communist regimes killed close on 100 million people in the aftermath of 1917. In the Soviet Union alone, historian Robert Conquest put the death toll for the Stalin’s reign of terror at 20 million.
In Latin America, the populist socialism of demagogues like Hugo Chávez has been an economic disaster. Indeed, as journalist Toby Young wryly observes, almost every socialist experiment begins with the “dream of a more equal society” and ends with “people eating their pets”.
In his masterful essay, “What is Left of Socialism”, the Polish philosopher Leszek Kołakowski regards the socialist alternative to capitalism as a kind of “totalitarian serfdom”. For the eradication of the market and sweeping nationalisation cannot produce any other result.
Granted, the socialist tradition is rich and varied, and socialists can espouse liberal values. During the Second International, from 1889 to 1916, many did. The Russian Revolution changed all that. As Kołakowski writes, Leninist tyranny “succeeded in stealing the word ‘socialism’” and non-totalitarian socialists were “complicit in the theft”.