Trotsky in a 1922 ‘cubist’ portrait by Yuri Annenkov. A version of this appeared on one of the earliest covers of Time magazine – November 21, 1927.

In the United States, the most powerful country of capital, the present crisis has laid bare frightful social contradictions with striking forcefulness. After an unprecedented period of prosperity which amazed the whole world with its fireworks of millions and billions, the United States suddenly entered a period of unemployment for millions of people, of the most appalling physical destitution for the toilers. Such a gigantic social convulsion cannot fail to leave its traces on the political development of the country. Today it is still hard to ascertain, at least from this distance, any measure of important radicalisation in the American working masses. It may be assumed that the masses themselves have been so startled by the catastrophic upheaval in the conjuncture, so stunned and crushed by unemployment or by the fear of unemployment, that they have not as yet been able to draw even the most elementary political conclusions from the calamity that has befallen them. This requires a certain amount of time. But the conclusions will be drawn. The tremendous economic crisis, which has taken on the character of a social crisis, will inevitably be converted into a crisis of the political consciousness of the American working class. It is quite possible that the revolutionary radicalisation of the broadest layers of workers will reveal itself, not in the period of the greatest decline in the conjuncture, but on the contrary, during the turn toward revival and upswing. In either case, the present crisis will open up a new epoch in the life of the American proletariat and of the people as a whole. Serious regroupments and clashes among the ruling parties are to be expected, as well as new attempts to create a third party, etc. With the first signs of a rise in the conjuncture, the trade union movement will acutely sense the necessity of tearing itself loose from the claws of the despicable AFL bureaucracy. At the same time, unlimited possibilities will unfold themselves for Communism.

In the past, America has known more than one stormy outburst of revolutionary or semi-revolutionary mass movements. Every time they died out quickly, because America every time entered a new phase of economic upswing and also because the movements themselves were characterised by crass empiricism and theoretical helplessness. These two conditions belong to the past. A new economic upswing (and one cannot consider it excluded in advance) will have to be based, not on the internal ‘equilibrium’, but on the present chaos of world economy. American capitalism will enter an epoch of monstrous imperialism, of an uninterrupted growth of armaments, of intervention in the affairs of the entire world, of military conflicts and convulsions. On the other hand, in the form of Communism the masses of the American proletariat possess – rather, could possess, provided with a correct policy – no longer the old mélange of empiricism, mysticism and quackery, but a scientifically grounded, up—to-date doctrine. These radical changes permit us to predict with certainty that the inevitable and relatively rapid, revolutionary transformation of the American proletariat will no more be the former, easily extinguishable ‘straw fire’, but the beginning of a veritable revolutionary conflagration. In America, Communism can face its great future with confidence.

Leon Trotsky, Germany 1931-1932, New Park Publications Ltd., London, 1970, 5-7

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