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7 November is the anniversary of the 1917 Russian Revolution, which altered the entire course of human history. The below article by Alan Woods (originally published in 1992) gives an excellent overview of the revolution as well as highlighting its main lessons. If you want to learn even more, check out our special page www.bolshevik.info for detailed analysis, reading guides, videos and much more about this momentous event.
"The October revolution laid the foundation of a new culture, taking everybody into consideration, and for that very reason immediately acquiring international significance. Even supposing for a moment that owing to unfavourable circumstances and hostile blows the Soviet regime should be temporarily overthrown, the inexpungable imprint of the October revolution would nevertheless remain upon the whole future development of mankind." - Leon Trotsky - The History of the Russian Revolution
In this video, Alan Woods explains the events of the October Revolution, in which the workers and peasants of Russia, led by the Bolsheviks, took power.
75 years ago this month, an event took place which altered the entire course of human history. For the first time - if we exclude the brief but glorious episode of the Paris Commune - the working people took power into their own hands and began the gigantic task of the socialist re-construction of society.
Now, on the eve of this great anniversary, the masses of the former Soviet Union are faced with the spectre of capitalist counter-revolution. Amidst the most appalling scenes of economic and social chaos, all the dark forces which had been swept aside by the revolutionary flood-tide, are creeping back. Private property, speculation, the Orthodox church, racism, nationalism, pogroms, prostitution, unemployment and inequality - like a swarm of grotesque and poisonous insects from under a stone.
And this is hailed as a "new dawn" by the Western media. People capable of identifying such monstrosities with "progress" are capable of stopping at nothing. No lies are too great for them, no distortion too vile. And the avalanche of lies has already begun.
In order to justify the capitalist system, it is necessary to blacken the name of socialism, and especially of scientific socialism, as expressed in the ideas of Marx, Engels, Lenin and Trotsky. Above all, it is necessary to show that revolution is a bad thing, that it represents a horrible deviation from the "norms" of peaceful social evolution, which inevitably ends in disaster.
Not long ago, we celebrated the 200th anniversary of the French revolution. Despite the fact that this was a bourgeois revolution, despite the fact that it occurred two centuries ago, nevertheless, the ruling class in France and elsewhere could not refrain from denigrating the memory of 1789-93. Even such a distant historical event was an uncomfortable reminder to the rich and powerful of what happens when a given socio-economic system reaches its limits. They even propose to change the terrible words of the "Marseillaise"!
Yet revolutions happen, and not by accident. A revolution becomes inevitable when a particular form of society enters into conflict with the development of the productive forces, which form the basis of all human progress.
One of the greatest books of the twentieth century is Leon Trotsky's History of the Russian Revolution. This monumental study of the event of 1917 has never been equalled. It is an outstanding example of the use of the method of historical materialism to elucidate the processes at work in society. The events leading up to October are not merely recounted, but explained in a way which has a validity and an application far more extensive than the Russian Revolution itself.
In an effort to discredit the October Revolution, the ruling class, through the agency of its hired hacks in the Universities, has assiduously cultivated the myth that the Bolshevik Revolution was only a "coup d'etat" pulled off by Lenin and a handful of conspirators.
Intervention of the masses
In reality, as Trotsky explains, the essence of a revolution is the direct intervention of the masses in the life of society and politics. In "normal" periods, the majority of people are content to leave the running of society in the hands of the "experts" - the parliamentarians, councillors, lawyers, journalists, trade union officials, university professors, and the rest of them.
Over a period, which may be a protracted period of years or even decades, society may acquire the appearance of a certain "equilibrium." This is particularly true in a prolonged period of capitalist economic upswing, like that which lasted for nearly four decades after the end of World War Two.
In such periods, the ideas of Marxism are not readily accepted or understood, because they appear to fly in the face of "the facts." On the contrary, the illusions of the reformists Labour leaders of a slow, gradual, evolutionary change - "today better than yesterday, and tomorrow better than today" - achieve a widespread audience.
However, beneath the apparently calm surface, powerful currents are building up. There is a gradual accumulation of discontent and frustration in the masses, and an increasing malaise among the middle layers of society. This is particularly felt by the intellectuals and students, who are a sensitive barometer reflecting the changing moods of society.
In a marvellously graphic phrase, Trotsky refers to the "molecular process of revolution", which goes on in uninterrupted fashion in the minds of the workers. However, since this process is a gradual one which does not affect the general political physiognomy of society, it goes unnoticed by everyone - except the Marxists.
In just the same way, the ground appears to be solid and firm under our feet ("as steady as a rock," as the saying goes). But geology teaches that rocks are by no means steady, and that the ground is constantly shifting beneath our feet. The continents are on the march, and in a state of perpetual "warfare," one colliding with another. Since geological change is not measured by years or even centuries, but aeons, the continental shifts remain unnoticed except for specialists. But fault-lines build up, subject to unimaginable pressures, which eventually erupt in earthquakes.
Wars and revolutions
Similar fault-lines exist in the best-ordered societies. The sudden eruption of wars and revolutions obey approximately the same laws as earthquakes, and are just as inevitable. The moment inevitably arrives when the mass of people decide that "things can't go on like this any longer." The break occurs when the majority move to take their lives and destiny into their own hands. This, and nothing else, is the inner meaning of a revolution.
For the well-fed academic, a revolution is an aberration, a "freak," a deviation from the norm. Society temporarily goes "mad," until eventually "order" is restored. For such a psychology, the most satisfactory mental image of a revolution is that of a blind herd which has suddenly panicked, or, better still, a conspiracy hatched by demagogues.
In reality, the psychological changes which occur with extreme abruptness in any revolution, are not accidental, but are rooted in the whole previous period.
The human mind, in general, is not revolutionary, but conservative. As long as conditions are generally acceptable, people tend to accept the existing state of affairs within society. Consciousness tends to lag far behind the changes which occur in the objective world of the economy and society.
Only in the last resort, when there is no alternative, do the majority opt for a decisive break with the existing order. Long before this, they will try by every means to adapt, to compromise, to seek the imagined "line of least resistance." That is the secret of the appeal of reformist politics, especially in a period of capitalist upswing, but not exclusively.
The October Revolution was the product of the entire preceding period. Before finally opting for the Bolsheviks, the Russian workers and peasants had already passed through the experience of two revolutions (1905 and February 1917) and two wars (1904-5 and 1914-17).
Tsarist Russia, which was numbered as one of the principal imperialist states with a powerful army, was nevertheless an economically backward capitalist power. By the law of combined and uneven development, large-scale industry was established in a handful of centres (mainly Moscow, St. Petersburg, the Western region, Urals and Donbass) as a result of Western investment. However, the vast majority of the population were peasants, sunk in conditions of almost medieval backwardness. In many respects, the social composition of Russian tsarism was similar to that of many Third World countries today.
Despite its numerical smallness, the Russian working class set its stamp on events very early on. In the stormy strike wave of the 1890's, it announced its existence to the world. From that moment, the "labour question" was to occupy a central position in Russian politics.
The stormy growth of industry in the early years of this century led to a rapid growth of the working class. Unlike Britain, where capitalism experienced a slow, gradual, organic growth for 200 years, the development of capitalism in Russia was telescoped into a couple of decades.
As a result, Russian industry did not have to pass through the phase of handicrafts, small cottage industry, through manufacture to large-scale enterprises. Huge factories were established with the most modern techniques imported from Britain, Germany and the USA. Along with the most modern technology imported from the West, came the most modern and advanced ideas of socialism.
From the 1890's onwards, Marxism succeeded in displacing the old terrorist and utopian socialist trend of Narodnism as the dominant tendency in the workers' movement.
The more sophisticated critics of Bolshevism try to draw a distinction between civilised "Western" Marxism, and crude, barbarous Leninism, a product, allegedly, of Russian backwardness.
As a matter of fact, there is little or nothing of a specifically Russian character about the ideas of Lenin, who spent all his life tirelessly combating the Narodniks for their "Russian road to socialism."
Both Lenin and Trotsky dedicated their lives to the defence of socialist internationalism. Their ideas can no more be considered "Russian" than Marx's ideas be portrayed as "German." Lenin and Trotsky developed and expanded Marxism, but defended the fundamental ideas and principles worked out by Marx and Engels from 1848 on.
The first great test for the Russian Marxists came in 1905.
The deep social crisis was brought to a head by the Russo-Japanese war, which ended in a military disaster for tsarism. On the ninth of January 1905, the working people of St. Petersburg assembled, with their families, for a peaceful demonstration on the square of the Winter palace. Their aim was to present a petition to the tsar - the "little father."
The bulk of these workers, most of whom had only recently come from the villages, were not only religious, but monarchists. The Marxists (or Social Democrats, as they were then called) had very small forces, and were split between Bolsheviks and Mensheviks. When they tried to distribute leaflets denouncing the monarchy, in several places the workers tore up the leaflets and even beat them up.
Yet within nine months the same workers had organised a revolutionary general strike and a soviet, and by the end of the year, the workers of Moscow had risen in armed insurrection.
In all the urban centres the Social Democrats become transformed into the decisive force. The 1905 revolution was defeated in the main because the movement in the countryside only got underway after the workers in the towns had suffered a defeat.
For a number of years (1907-11), Russia was plunged into the dark night of reaction. Yet by 1911-12, there was a new beginning, characterised by a massive strike wave (partly reflecting an upturn in the economy), which, beginning with economic demands, rapidly took on a political character.
During this period the Bolsheviks gained a decisive majority in the organised working class. They broke with the opportunist Menshevik wing in 1912 and set up the Bolshevik Party.
It should be remembered, however, that the Bolsheviks and Mensheviks had been tendencies in the existing traditional mass party of the workers - the RSDLP (Russian Social Democratic Labour Party), and even after 1912, the Bolsheviks still called themselves the RSDLP (B).
First World War
On the eve of the First World War, Russia stood once more on the brink of revolution. It is possible that the Bolsheviks could have come to power then, but the situation was cut across by the outbreak of hostilities in August 1914. During the war, the Bolshevik party was decimated by arrests and exile. The youth, which was the party's main avenue of recruitment, was conscripted into the army, where the worker element was scattered in a sea of backward peasant soldiers.
In exile, Lenin was in contact with maybe a couple of dozen collaborators. In 1915, at the Conference of socialist internationalists in Zimmerwald, Lenin joked that you could put all the internationalists in the world into two stage-coaches.
At a meeting of Swiss young socialists in January 1917, Lenin said that he probably would not live to see the socialist revolution. Within a few weeks, the tsar had been overthrown, and by the end of the year, Lenin was at the head of the first workers' government in the world.
How to explain such a dramatic turn of events? Vulgar historians explain revolution as the product of extreme misery. That is one-sided and false. If that were true, as Trotsky explains, the masses in a country like India would always be in revolt. The victory of reaction in the period of 1907-11 was facilitated by the economic crisis which, coming after a political defeat, temporarily stunned and disoriented the workers. As Trotsky predicted, it took an economic revival (1911-12) to allow the movement to recover.
Booms and slumps
In reality, neither booms nor slumps in and of themselves cause revolutions. But it is the rapid successions of boom and slump, the interruption of the "normal" pattern of existence, which provokes general uncertainty and instability, and causes people to question the existing state of things. Even more profound are the shocks caused by wars, which turn the world upside down, uproot millions and compel men and women to shed their illusions and finally stand face to face with reality.
The February revolution was a concrete expression of the fact that the old regime had reached an impasse. As in 1904-5, the sledge-hammer of military defeat served to expose the inner rottenness of tsarism.
But to expose something is not to cause it. The crisis on international finance markets and the run on the pound recently exposed the chronic weakness of the British economy. But the decay of British capitalism has taken place gradually over a period of decades, disguised by the general upswing of the world economy. This was explained by the Marxists decades ago. The difference now is that, under the relentless pressure of world capitalist crisis, the mass of the British people are beginning to wake up to the fact.
Beginning even during the war, the strike movement in Petrograd assumed sweeping proportions at the start of 1917. The mood of discontent emanating from the industrial centres found an echo in the ranks of the army, suffering from defeat and exhaustion. The crisis of the regime anticipated the movement of the masses.
Every revolution begins, not at the bottom, but at the top. Its first manifestation is a series of crises and splits in the ruling class, which feels itself to be in a blind alley, and unable to continue to rule in the old way.
Trotsky expresses it in the following sense: "A revolution breaks out when all the antagonisms of a society have reached their highest tension. But this makes the situation unbearable even for the classes of the old society - that is, those who are doomed to break up."
The smell of corruption and scandal always hangs around a regime which has outlived itself. The present-day epidemic of political and financial scandals in Britain, Japan, the USA, Italy, are no more an accident than the Rasputin regime at the court of "Nicholas the Bloody," or the "Pompadour factor" of the Ancient Regime in France.
Despite all its armed might, its police, its Cossacks, its secret police, tsarism fell at the first serious challenge, like a rotten apple in a puff of wind. The army collapsed like a pack of cards, once the workers confronted it with a manifest determination to change society.
The working-class as a whole learns from experience - especially the experience of great events. The experience of 1905, despite the defeat, had left an indelible impression which immediately re-emerged in February with the creation of the Soviets - elected committees of workers and soldiers - which were at the same time organs of struggle and, potentially, organs of a new power.
As has happened many times in history, in the February Revolution, the workers had the power in their hands, but did not recognise the fact. With correct leadership, the working class could have immediately carried out the socialist revolution. But under the leadership of the Mensheviks and Social Revolutionaries, the February revolution ended in the abortion of "dual power."
Revolution means the explosive entry onto the political stage of millions of men and women with no previous experience of politics, in search of a solution to their most pressing problems.
Inevitably, in the first instance, the masses seek the line of least resistance, the easiest solutions, the well-known political figures, the familiar political parties.
In the case of Russia, the war itself had a fundamental effect on the balance of class forces. Here, the "masses" represented, first and foremost, the peasantry, which had been the backbone of the tsarist army. Up to 1914, the Bolsheviks had the leadership of four-fifths of the organised working class. But that situation was altered by the war.
In the February revolution, the entire balance of class forces was changed by the explosive emergence on the scene of the mass of politically untutored workers, who tended to back the Mensheviks. The decisive element in the equation was the army, and here the peasants had a crushing preponderance. The peasant soldiers, recently awakened to political life, looked, not to the Bolsheviks, but to the "moderate" Socialist leaders the Mensheviks and especially the Social Revolutionaries.
The workers, after the experience of 1905, were fearful of a rupture with the peasants in uniform, and, for the time being, were prepared to wait. The combined weight of the peasantry and the politically inexperienced mass of workers swung behind the Mensheviks and the SRs, reducing the Bolsheviks to a small minority in the first stages of the revolution.
The masses placed their trust in the reformist labour leaders. And the latter, as always, placed their trust in the "liberal" wing of the bourgeoisie, which in turn, was desperately striving to defend the monarchy and put an end to the revolution. Meanwhile, behind the scenes, the reactionary generals were preparing a counter-coup.
Not for the first or last time, the workers had fought and conquered, only to be cheated of the fruits of victory by their leadership. The SR and Menshevik leaders were obsessed by a single idea: to hand back the power as quickly as possible to the bankers and capitalists.
The Provisional Government which emerged from the February Revolution was a government of landlords and capitalists calling themselves "democrats." The right-wing Labour ("Trudovik") leader Kerensky entered the government as Minister of Justice. The war minister was the big Moscow industrialist, Guchkov. The "liberal" Milyukov became Foreign Minister.
Worker activists
The worker activists were deeply distrustful of the government. But among the mass of society there was a wave of euphoria. The masses had illusions in their leaders, and regarded Kerensky as their spokesman in the government.
The prevailing atmosphere of revolutionary democratic intoxication even affected some of the Bolshevik leaders in Petrograd. Lenin was still in exile in Switzerland. The main leaders in Petrograd were Kamenev and Stalin, who succumbed to the pressure for "unity." Instinctively, the Petrograd Bolsheviks came out against the Provisional Government, which they correctly characterised as a counter-revolutionary government. However, Kamenev and Stalin steered the party into a close alliance with the SRs and Mensheviks, and even proposed re-unification with the latter.
From the exile in Switzerland, Lenin watched the situation with alarm. His first telegrams to Petrograd were utterly intransigent in tone and content: "Our tactic: absolute lack of confidence; no support to the new government; suspect Kerensky especially; arming of the proletariat the sole guarantee; immediate elections to the Petrograd town council; no rapprochement with other parties."
After Lenin's return in April, the Bolshevik Party entered into a crisis. This is a law in a revolutionary situation, when the pressure of alien class forces bears heavily upon the party and its leadership: the pressure for "left unity," the fear of isolation, and the rest.
The tension between Lenin and the majority of the leaders was so great that, immediately after his return, Lenin was compelled to publish his April Theses in Pravda under his own signature.
At the April Conference, where fierce struggle occurred, Lenin warned that, rather than accept the position of Kamenev and Stalin, he would prefer to be alone "like Karl Liebknecht, one against 110" (referring to Liebknecht's courageous anti-war stand in the parliamentary faction of the German SPD).
Lenin explained that the revolution had not achieved its central objectives: that it was necessary to overthrow the provisional government; that the workers must take power, allied with the mass of poor peasants. Only by these means could the war be ended, the land be given to the peasants and the conditions established for a transition to a socialist regime.
In essence, these ideas were identical to the perspectives brilliantly worked out by Trotsky in 1904-5, and known to history as the "permanent revolution."
Lenin's ideas won the day. However, the Bolsheviks remained a minority in the Soviets, and the Soviet leaders - the SRs and Mensheviks - were backing the Provisional Government. And here we see the flexible tactics of Lenin, far removed from ultra-left adventurism. Under the slogan: "Patiently Explain," he urged the Bolsheviks to face to the Soviet workers to put demands on the reformist leaders, to demand action instead of words, to publish the secret treaties, to end the war, to break with the bourgeoisie and take power into their own hands. If they would do these things, Lenin repeated many times, then the struggle for power would be reduced to the peaceful struggle for a majority in the Soviets.
Taking power
However, the Mensheviks and SR leaders had no intention of breaking with the bourgeois Provisional Government. In reality, they were terrified of taking power, and were more afraid of the workers and peasants than the counter-revolutionary general staff.
The truth was that the Provisional Government was an empty shell. There were only two real powers in the land, and one or the other had to be overthrown.
On the one hand, the Soviets of workers and peasants' deputies; on the other, the remnants of the old state apparatus, grouped around the monarchy and the general staff, which, under the protective shadow of the Provisional Government, was preparing for a showdown with the Soviets.
Explosive growth
One of the main features of a revolutionary situation is the suddenness with which the mood of the masses can change. The workers learn quickly on the basis of events.
Thus a revolutionary tendency can experience explosive growth, passing from a tiny minority to a decisive force, on one condition; that it combines flexible tactics with implacable firmness on all political questions.
At the beginning, Lenin was derided by his opponents as a hopeless "sectarian," who was doomed to impotence by keeping out of the "left unity." However, the tide soon began to flow strongly in the direction of Bolshevism.
In a revolution, Trotsky wrote, "the more extreme always supersedes the less." The workers come to understand the correctness of the ideas of the revolutionary tendency from their own experience, especially the experience of great events.
These are absolutely necessary in order that the workers convince themselves of the need for a radical transformation of society. The different stages in the growth of consciousness of the class are reflected by the rise and fall of successive political parties, trends, programmes and individuals.
The failure of the bourgeois Provisional Government to solve a single one of the basic problems of society provoked a sharp reaction in the main working class centres, especially Petrograd, where the militant proletariat was combined with the revolutionary sailors (who, unlike the infantry, were usually drawn from the factory proletariat, especially the skilled workers).
The constant increase in prices, the cut in the bread ration, caused a ferment of discontent. Above all the continuation of the war raised the temperature to boiling point.
The workers reacted by a series of mass demonstrations starting in April, which indicated an ever-increasing shift to the left in the mood of the workers. In a parallel move, the forces of reaction attempted to mobilise on the streets, leading to a series of clashes.
The Bolsheviks called a demonstration in April, to put pressure on the reformist leaders, and test the mood of the capital.
Resolutions from the factories and workers' districts flooded in to the Soviet Executive, demanding a break with the bourgeoisie. Workers came to the local committees asking how to transfer their names from the Mensheviks to the Bolsheviks.
By the beginning of May, the Bolsheviks already had at least one third of the workers in Petrograd.
"Every mass action," wrote Trotsky, "regardless of its immediate aim, is a warning addressed to the leadership. This warning is at first mild in character, but becomes more and more resolute. By July it has become a threat. In October we have the final act."
The apologists for the ruling class always seek to present revolution as a bloodthirsty event. The reformist leaders throw in their two-ha'pence, by posing as peace-loving parliamentary democrats. But history demonstrates the falsity of both assertions. The bloodiest pages in the history of social strife occur when a cowardly and inept leadership vacillates at the decisive moment, and fails to put an end to the crisis of society by vigorous action. The initiative then passes to the forces of counter-revolution which are invariably merciless, and prepared to wade through rivers of blood to "teach the masses a lesson."
In April 1917, the reformist leaders of the Soviet could have taken power "peacefully" - as Lenin invited them to do. There would have been no civil war. The authority of these leaders was such that the workers and soldiers would have obeyed them unconditionally. The reactionaries would have been generals without an army.
But the refusal of the reformists to take power peacefully made bloodshed and violence inevitable, and put the gains of the revolution in jeopardy. In the same way the German Social Democratic leaders handed back the power won by the German workers and soldiers in 1918, a crime for which the whole world paid with the rise of Hitler, the concentration camps, and the horrors of a new world war. Instead of taking power, the Menshevik and SR leaders entered the first coalition government with the bourgeois leaders.
The masses at first welcomed this, believing that the socialist Ministers were there to represent their interests. Once again, only events could bring about a change in consciousness. Inevitably, the socialist ministers became the pawns of the landowners and capitalists, and above all of Anglo-French imperialism, which was impatiently demanding a new offensive on the Russian front.
These same "socialists" who had held a pacifist position earlier, once they crossed the threshold of the Ministry, instantly forgot their Zimmerwald speeches and enthusiastically backed the war. A new offensive was announced. Measures to re-introduce discipline in the army reflected an attempt to re-assert the power of the officer caste. The mood of the workers in Petrograd was near boiling point. As a warning shot and a trial of strength, the Bolsheviks considered an armed demonstration to put pressure on the Congress of Soviets in June.
The party was giving voice to the growing feeling of frustration of the Petrograd workers, summed up in slogans, directed at the reformist leaders of the Soviet: "Take over state power!" "Break with the bourgeoisie!" "Drop the idea of a coalition and take the reigns of power into your own hands!" The idea of an armed demonstration caused an hysterical reaction on the part of the middle-class leaders who launched a campaign of slander, misrepresenting it as an attempted coup. The Menshevik Minister Tsereteli warned ominously that "people who did not know how to use arms must be disarmed." As a small minority in the Congress of Soviets (which the demonstration was planned to coincide with), the Bolsheviks decided to retreat. The idea of an armed demonstration was dropped. In its place, the Congress of Soviets itself called an unarmed demonstration on July 1st. This attempt to out-manoeuvre the Bolsheviks backfired.
Growth of consciousness
The workers and soldiers came to the "official" demonstration carrying placards with the slogans of the Bolsheviks: "Down with the secret treaties!" "Down with the ten capitalist ministers!" "No to the offensive!" All Power to the Soviets!" In a revolution, even such extremely democratic and flexible organisations as the Soviets were not capable of reflecting the rapid shifts of mood of the masses. The Soviet lagged behind the factory committee, the factory committees lagged behind the masses. Above all, the soldiers lagged behind the workers, and the backward provinces lagged behind revolutionary Petrograd.
The process of the growth of consciousness is never uniform. Different layers arrive at different conclusions at different times. There is always a danger that the more advanced layers of the class will go too far too soon, and become separated from the majority, with calamitous consequences.
Infuriated by the offensive, the most radical sections of the Petrograd garrison were preparing for an armed demonstration. Realising that the provinces were not yet ready for a showdown with the Provisional Government, the Bolsheviks tried to restrain the soldiers, but eventually were compelled to put themselves at the head of the demonstration in order to prevent a massacre.
As the Bolsheviks had warned, the government seized on the opportunity to crack down on the movement, leaning on more backward regiments. The "July Days" ended in a defeat, but thanks to the responsible leadership of the Bolsheviks, the losses were kept to a minimum, and the effects of the defeat were not long-lasting.
A revolution is not a one-act drama. Neither is it a simple, forward-moving process. The Russian revolution unfolded over nine months. The Spanish revolution took place over seven years - from the fall of the monarchy in 1931 to the May Days of Barcelona in 1937. Within the revolution, there are periods of breathtaking advance, but also periods of lull, of defeat, even of reaction.Thus the February revolution was succeeded by the reaction that followed the July Days. The Bolsheviks were accused of being German agents and mercilessly hounded, arrested and imprisoned. Lenin was forced to go into hiding, and then move to Finland.
From February onwards, the counter-revolution had been biding its time, hiding behind the coat-tails of the Provisional government. The offensive, and the crushing of the Bolsheviks in July, now tilted the pendulum to the right. The officer caste began serious preparations for a coup d'etat, culminating in General Kornilov's uprising at the end of August. Only the courageous reaction of the workers and soldiers saved the revolution. The railway workers, risking their lives, refused to drive the trains, or misdirected them. Kornilov's army found itself without supplies, without petrol, disorganised and disoriented. Agitators, mainly Bolsheviks, got to work among Kornilov's troops and won them over. Kornilov ended up a general without an army. Reluctantly, the Mensheviks and SRs were forced to legalise the Bolsheviks. But by now the masses had begun to realise the true state of affairs. In an early article on the revolution, written between sessions at the Brest-Litovsk peace negotiations in 1918, Trotsky recalled events still fresh in his mind: "The growth of the influence and strength of the Bolsheviks was undoubted, and it had now received an irresistible impetus. The Bolsheviks had warned against the Coalition, against the July offensive, and had foretold the Kornilov rebellion. The popular masses could now see that we had been right."
Panicked by the advance of Kornilov's "savage division," the reformist Soviet leaders had been compelled to arm the workers. The position of the Bolsheviks now became decisive in the Petrograd soviet. Moreover, the time was growing near for the second All-Russian Congress of Soviets, at which the Bolsheviks were assured of a majority. At one point, the counter-revolutionary policies of the reformist leaders of the Soviets had inclined Lenin to consider dropping the slogan "All power to the Soviets," and substituting for it the idea of taking power through the factory committees. This fact shows the extreme flexibility of Lenin's tactics. There was no question of making a fetish out of any organisational form, even the Soviets. However, the Soviet form of direct elections from the workplaces and garrisons represented a far more democratic expression of the will of society than any regime of bourgeois parliamentary democracy known to history.
One of the most blatant lies about October is that the Bolsheviks were "undemocratic" because they based themselves on Soviet democracy rather than a parliament ("Constituent Assembly"). The argument is that Lenin and Trotsky represented, not the masses, but only a small, tightly disciplined group of conspirators. For these critics, October was not a revolution, but a "coup."
The truth is very different. The Soviet system in 1917 and the years immediately following the revolution was the most democratic system of representation of the people ever known. Even the most democratic models of bourgeois parliamentarianism cannot compare with the simple and direct democracy of the Soviets. Incidentally, the Russian word "soviet" merely means a "council" or "committee." The Soviets were born in 1905 as extended "strike committees." In 1917, the workers soviets were broadened to include representation by the soldiers, who were overwhelmingly peasants in uniform. Representatives to the soviets were elected directly by their workmates and instantly recallable. Compare this to the present system in Britain, where parliaments are elected every four years on average. There is no means of recall. Once a parliament is elected, it cannot be removed until the next general election. Governments are free to renege on their promises - and invariably do so, in the knowledge they cannot be removed.
Most of the parliamentarians are professional politicians, with no contact with the people who elected them. They live in another world, with high salaries and expenses which puts them in a different social category to the people they are supposed to represent.
In a revolutionary situation, where the moods of the masses change rapidly, the cumbersome mechanisms of formal bourgeois democracy would be utterly incapable of reflecting accurately the situation. Even the soviets, as we have seen, often lagged behind.
In his 1918 work, Trotsky characterises the democracy of the Soviets in the following way: "They depend on organic groups, such as workshops, factories, mines, companies, regiments, etc. In theses cases, of course, there are no such legal guarantees for the perfect accuracy of the elections as in those to municipal councils and zemstvos (a kind of elected district council in the rural areas under tsarism, AW), but there is the far more important guarantee of the direct and immediate contact of the deputy with his electors. The member of the municipal council or zemstvos depends on an amorphous mass of electors who invest him with authority for one year, and then dissolve. "The Soviet electors, on the other hand, remain in permanent contact with one another by the very conditions of their life and work: their deputy is always under their direct observation and may at any moment be given new instructions, and, if necessary, may be censured, recalled, and replaced by somebody else."
The right wing socialists tried by all means to prevent the soviets from taking power. First, they organised the so-called "Democratic Conference," calling for a "responsible " Ministry. This satisfied no-body, and was attacked from the right and the left. The rapid polarisation between the classes doomed all the manoeuvres of the "centre" to defeat in advance. The endless intrigues and combinations of the politicians contrasted with the desperate position on the front that cold and wet Autumn. The mood in the villages was increasingly impatient. The right wing socialists argued that the peasants should wait for the election of the "Constituent Assembly." The Bolsheviks demanded the immediate transference of the land to the peasants' committees. The slogans of "peace, bread and land" won the mass of the peasants over to the side of the Soviets. By October, the stage was set for the last act in the revolutionary drama.
Contrary to a widespread prejudice, revolution is not the same as insurrection. Nine-tenths of the work of the revolution consisted in winning over the decisive majority of the workers and soldiers by patient political work, summed up by Lenin's slogan:
"Patiently Explain!"
The main blows of the Bolshevik propaganda and agitation were directed, not against the right-wing labour leaders, but against the class enemy - the monarchy, the landowners, the capitalists, the Black Hundreds (fascists), and the liberal bourgeois Ministers in the coalition government.
Bolshevik majority
By October, the Bolsheviks had a clear majority in the Soviets. Trotsky insisted that the date of the insurrection should be timed to co-incide with the opening of the Congress of Soviets, where the Bolsheviks would win the majority of the Executive Committee, and could therefore act with the full authority of the Soviets, which comprised the decisive majority of society.
A point is reached in every revolution where the question of power is posed point-blank. At this stage, either the revolutionary class goes over to a decisive offensive, or the opportunity is lost, and may not return for a long time. The masses cannot be kept forever in a state of agitation. If the chance is lost, and the initiative passes to the counter-revolution, then bloodshed, civil war and reaction will inevitably follow.
This is the experience of every revolution. We saw it in the period of 1918-23 in Germany, and in Spain from 1931-37. In both cases, the working class paid for the crimes of the leadership with a ghastly defeat, the fascist dictatorships of Hitler and Franco and the Second World War, which nearly resulted in the destruction of civilisation.
Such is the importance of leadership that, ultimately, the fate of the Russian revolution was determined by two men - Lenin and Trotsky. The other leaders of the Bolsheviks - Stalin, Kamenev, Zinoviev - repeatedly vacillated under the pressure of middle-class "public opinion" - in reality the prejudices of the upper layers of the middle class, the intelligentsia and educated liberal leaders masquerading as socialists. These leaders represented the first confused, amorphous strivings of the masses to find a way out by the shortest road.
Cruel deception
However, the workers and peasants learned by experience that this alleged short-cut represented a cruel deception. This experience, together with the correct policies, strategy and tactics of Lenin and Trotsky, prepared the ground for the massive shift of opinion in the direction of Bolshevism. This would never have been possible if the line of the conciliators had been accepted.
Lenin was constantly being accused of "sectarianism" by the enemies of Bolshevism - and by a section of the Bolsheviks leaders who wanted a "broad left front" with the Mensheviks and SRs, and were terrified of being "isolated." This fear was even more pronounced after the experience of July. With the exception of Lenin and Trotsky (who joined the Bolsheviks in the period of reaction during the Summer, together with an important group of non-party Marxists, the Mezhrayontsy), most of the other prominent Bolsheviks favoured participating in the "Democratic Conference" and even in the fake "pre-parliament" which was set up at this Conference - a "parliament" without any powers, elected by nobody and representing only itself.
The old party leaders reflected the past of the workers and peasants, not their present or their future. Finally, the Bolsheviks demonstratively walked out of the "pre-parliament," to the general applause of the workers and soldiers - and the horror and indignation of the conciliators.
Thanks mainly to the work of Trotsky, the Petrograd garrison was won over to the Bolshevik cause. Trotsky made use of the Military Revolutionary Committee, set up by the reformist-led Executive of the Soviet, to arm the workers in defence against the reactionaries. The workers in the arms factories distributed rifles to the Red Guard. Mass meetings, demonstrations and even military parades were held openly on the streets of Petrograd.
Far from being the work of a tiny, secret group of conspirators, the preparations for the insurrection involved a massive participation by workers and soldiers.
John Reed, in his celebrated book Ten Days that Shook the World gives a graphic eye-witness account of these mass meetings, which were held at all hours of the day and night, addressed by Bolsheviks, left SRs, soldiers recently arrived from the front, and even anarchists. Even in the February revolution, there had been few meetings such as this. And all spoke with one voice: "Down with Kerensky's government!" "Down with the war!" "All power to the Soviets!"
Revolutionary Petrograd
The power base of the Provisional Government had shrunk practically to nothing. Even those conservative regiments drafted in from the front became infected by the mood of revolutionary Petrograd. The support for the Provisional Government in the capital collapsed immediately the workers began to move. The insurrection in Petrograd was a virtually bloodless affair.
Some years later, the celebrated Soviet director Sergei Eisenstein made a film called October, which contains a famous scene of the storming of the Winter Palace, during which there were a few accidents. More people were killed and injured then than in the actual event! The propaganda of the bourgeois against the October revolution is a crude falsification of history. The actual seizure of power took place smoothly, and with very little resistance. The workers, soldiers and sailors occupied one government building after another, without firing a shot. How was this possible? Only a few months earlier, the position of Kerensky and the Provisional Government appeared to be unassailable. But in the moment of truth, it found no defenders. Its authority had collapsed. The masses deserted it and moved over to the Bolsheviks.
The very idea that all this was the result of a clever conspiracy by a tiny group is worthy of a police mentality, but will not stand a moment's analysis from a scientific point of view. The overwhelming victory of the Bolsheviks at the Soviet Congress underlines the fact that the right-wing reformist leaders had lost all their support. The Mensheviks and SRs won only one-tenth of the Congress - about 60 people in all. The Soviets voted by a massive majority for the assumption of power.
Lenin moved two short decrees on peace and the land which were unanimously approved by Congress, which also elected a new central authority, which they called the "Council of People's Commissars," to avoid the bourgeois ministerial jargon. And power was in the hands of the working people.
A New October
Now, seventy five years later, the film of history appears to be being played in reverse. The Soviet working class has paid a terrible price for the crimes of Stalinism. The collapse of the bureaucratic regime has been the prelude to an attempt to move back to capitalism. However, as Lenin used to say "history knows all sorts of transformations." On the road of capitalism, there is no future for the working people.
On the basis of their experience, the workers of the former USSR will come to understand that fact. The old ideas, programme and traditions will be re-discovered. The basis will be laid for a new edition of the October Revolution, on a qualitatively higher basis, not only in the former Soviet Union, but on a worldwide scale.
Alan Woods
November, 1992


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Making sure our patients remain safe during surgery and other medical procedures is extremely important to us. Our team of veterinarians and veterinary technicians is skilled in using anesthesia and monitoring patients to ensure their safety and provide the most comfortable experience. Anesthesia and patient monitoring vary greatly from clinic to clinic. You can be confident that we use the most effective and up-to-date protocols. The type of anesthesia we use depends on the procedure. Some require general anesthesia, while others may only call for local anesthesia. We also closely monitor every procedure, regardless of whether it's routine or more advanced. For more specific information on our protocols, please see the individual descriptions or contact us with any questions.
We monitor our patients closely to keep them as safe as possible during procedures that require general anesthesia. A veterinary technician will continually assess your pet's heart and respiratory rate, blood pressure, and other vital signs to help prevent any anesthetic risk.
Please feel free to ask us about our patient monitoring protocol or any concerns you might have about your pet's procedure. We'd be happy to discuss these matters in more detail.
For some procedures, your pet will need to be administered general anesthesia so that he or she will be unconscious and not feel pain. Many pet owners worry about their pets being administered general anesthesia. We can assure you that modern anesthesia is generally quite safe; to further lower any risk, we perform a physical examination and run blood work ahead of time to catch any underlying health issues. In addition, we follow a specific anesthetic protocol, including monitoring vital signs during the procedure, to ensure the safety of our patients.
We begin most general anesthetic procedures by administering a sedative to help the pet relax and decrease any anxiety and pain. We then administer an intravenous drug to provide complete anesthesia and place a breathing tube into the patient's trachea (windpipe). To maintain the state of unconsciousness, we deliver a gas anesthetic in combination with oxygen through the breathing tube.
Please contact us if you have any questions or concerns about your pet receiving general anesthesia or about the procedure for which your pet is scheduled.
If your pet is having a minor surgical or diagnostic procedure performed, we sometimes use a local anesthetic to help control pain. For example, when we perform a biopsy (in which a small portion of tissue is surgically removed so it can be examined), we often use a local anesthetic. Local anesthetics cause a loss of sensation in the area where the procedure is being performed. We sometimes use a sedative and/or anxiolytic (anti-anxiety medication) in combination with the local anesthetic to keep pets calm during a procedure.
Please contact us if you have any questions or concerns about your pet receiving local anesthesia or about the procedure for which your pet is scheduled.
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subset: commoncrawl


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All for allium
Since my last post was about sweet smelling blooms, it seems only fitting that that this one should be about a plant at the other end of the fragrance spectrum. Don't get me wrong – I love the smell of onions especially when they're being sauteed in butter. But it's safe to say that ornamental onions are not grown for their fragrance. –Unless of course you take into consideration their value as a companion plant: the odor of them is said to repel aphids and other garden pests.
The number one reason we grow ornamental onions is because they're outstanding. Literally and figuratively. There's nothing like a star-burst on a stick to change the way you see the whole garden.
We're really pleased with the ones we chose for the Rose Garden this year. Allium schubertii (above) actually seems to alter the atmosphere within and around its enormous firecracker spray. I can't really explain, but everything near it (through it) seems slightly color shifted. Schubertii stands only a foot or so off the ground but has a large presence and we'll save the seed heads for Christmas decorations. The stately Allium 'Ambassador' stands at least 4′ tall and they have carried large deep purple globes for a good 4 weeks. We're also growing chives as companion plants in the Rose Garden and so far we haven't had any major aphid infestations there…
In the North Garden we chose a combination of alliums pictured in the Scheepers' catalog. Allium multibulbosum and A. atropurpureum really are gorgeous together. The white one (A. multibulbosum) opened first and is beginning now to fade to green. The dark wine color of A. atropurpureum is a perfect contrast – perfect with the rest of the colors in that garden too. Nectaroscordum siculum ssp. bulgaricum, formerly known as Allium bulgaricum, is one of my very faves even if it's not officially an allium anymore. It's on the subtle side – perhaps that's why its name was changed.
In the Display Garden, the Allium 'Globemaster' and 'Purple Sensation' have all faded but the seed heads are still quietly spectacular. A few years ago we planted a row of them within our peony row – which turned out to be a great idea because the peonies hide the alliums' one drawback, scrunky foliage. We planted Allium albopilosum (a.k.a A. christophii or Star of Persia) to peep over the edge of our stepped-down center bed. It's another firecracker and shimmers a metallic lavender.
And finally here's an ornamental onion only a mother could love. Allium 'Hair' is as disheveled as I generally feel. But to my (mother-ish) eye, there are no bad 'Hair' days!
Do you grow ornamental onions? Which are your favorites?


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A Syrian prelate – ordained a bishop only last month – has spoken of his dismay at the country's mass exodus of Christians but says he is convinced that the future of one of the world's oldest Church communities is assured.
Melkite Greek Catholic Bishop Nicolas Antiba of Bosra and Hauran described to Aid to the Church in Need how his faithful in southern Syria were fleeing by the hundreds to the area around his bishop's house in Khabab following attacks which included the destruction of one of the country's oldest churches dating back to the 6th century.
Referring to the attack on the 542AD St Elias' Church, in Izraa, he said the exodus of Christians from Syria risked becoming as bad as in Iraq where most faithful left their homes.
Bishop Antiba stressed the urgent need for help both for displaced people arriving in Khabab and elsewhere, including food and shelter – a problem which will become more acute as the weather worsens.
In comments echoing those last month by Melkite Patriarch Gregorios III, who ordained him bishop on 25th August 2013, the 67-year-old said the crisis is being exacerbated by the influx of fighters and weapons from abroad, which for Bishop Antiba are like "a cancer" threatening to destroy the country.
Bishop Antiba went on to reiterate calls for an end to plans for foreign military intervention in Syria, saying that his message to President Barack Obama is "leave us alone".
Amid reports that up to a third of the country's Christian population is now internally displaced or living as refugees abroad, Bishop Antiba said: "I believe – I know – that persecution will not destroy the Church.
"The blood of the martyrs gives new life to the Church.
"I have the hope that we will continue to live here as Christians. Yes, we will be fewer in number – just look what happened in Iraq – but I don't think the country will be left without Christians."
He was speaking after attacks earlier this month on the ancient Christian town of Maloula which was attacked and occupied by Jihadi groups.
Christians fleeing the town spoke of direct attacks on Christians and reports emerged that the fighters wanted "victory over the infidel".
Earlier, Patriarch Gregorios told ACN that 450,000 Christians in Syria – nearly a third of the total – had fled their homes.
Bishop Antiba said: "Christians are a peaceful people. They do not fight, especially in Syria where we have been living with tranquillity without any problems.
"We are the people who have no way to fight. Instead we are a peaceful people who are the first ones who are attacked…
"Christians have suffered very greatly. We are still suffering. It is not easy."
He reiterated calls for the US and its allies to abandon options favouring a military strike.
The bishop said: "I hope that [the US and its allies] will leave us alone. If arms continue to come into the country, the situation will get worse. It is not Syrians who are fighting Syrians – those involved in the fighting are non-Syrians."
He said: "Instead of bringing arms into our country, bring peace. Arms are like a cancer – a foreign body that threatens to destroy us."
Calling on the US to keep out of Syrian politics, he said: "I would say to President Obama, you always talk about peace… please leave us alone and put these ideas of peace into practice.
"You have your own idea of democracy and it is beautiful but it is not necessarily our idea of democracy; let us work out our own idea of democracy."


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February 9, 2009
The Archaeological Institute of America has issued the following statement concerning cultural objects on loan to U.S. institutions and calls for Congressional action to assure the security of international loans and exhibitions from attachment.
On the Attachment of Cultural Objects to Compensate Victims of Terrorism
The Archaeological Institute of America believes that loans of cultural objects from foreign nations to U.S. cultural institutions serve the best interests of the people of the United States. We are concerned that legal actions and the threat of legal action on behalf of victims of terrorism now jeopardize the participation of American institutions in international cultural exchanges. These legal actions seek to force the sale of cultural artifacts on loan to or in U.S. institutions to satisfy court judgments obtained by these victims. The AIA strongly condemns all acts of international terrorism and supports efforts by victims of terrorism to obtain compensation. However, we believe that archaeological artifacts should not be sold to satisfy a court judgment, regardless of the actions of a particular regime, and that it should be possible for nations to share their cultural heritage without fear of loss.
In light of our concern that archaeological and other cultural objects should be part of cultural exchanges that benefit the American public, the Archaeological Institute of America calls on the U.S. Congress to enact new legislation to ensure that such cultural exchanges can take place. This legislation should prevent the sale of cultural objects to compensate those who have obtained court judgments under anti-terrorism provisions of the Foreign Sovereign Immunities Act and would apply to cultural objects on loan from other nations to U.S. nonprofit institutions as part of public exhibitions that have a cultural and educational purpose.
In 1996, the U.S. Congress amended the Foreign Sovereign Immunities Act (FSIA), narrowing the traditional immunity that had been granted to foreign sovereigns and allowing individual victims of terrorist acts to sue those countries that the United States has listed as state sponsors of terrorism. In January 2008, the Congress amended the FSIA, in order to facilitate recovery of judgments that had been awarded to terrorism victims. Both before and after the 2008 amendments were enacted, cultural artifacts on loan to or present in U.S. institutions were under threat.
A group of plaintiffs, who were the victims of a Hamas bombing in Jerusalem, won a judgment against Iran, which defaulted in the proceedings. Having difficulty locating Iranian assets in the United States, in 2004 this group sued the Oriental Institute of the University of Chicago, the Field Museum of Natural History, the Boston Museum of Fine Arts, Harvard University, the University of Michigan and the Detroit Institute of Art under both the FSIA and the Terrorism Risk Insurance Act. The plaintiffs sought to attach (that is, obtain for purpose of sale to satisfy a judgment) two collections of cuneiform tablets (the Persepolis Fortification Tablets and the Choga Mish tablets) that had been on loan to the Oriental Institute from Iran since the 1930s and the 1960s, respectively. The plaintiffs are also seeking to attach additional artifacts in the collections of these institutions, alleging that the artifacts are stolen property and therefore belong to Iran. While this litigation was ongoing, a second group of plaintiffs, the relatives of U.S. military personnel killed in the Beirut barracks bombing, who had also won a default judgment against Iran, intervened in the attachment proceedings and are now also claiming a right to the monetary value of the artifacts.
In 2008, when the Metropolitan Museum of Art in New York was organizing its major exhibition "Beyond Babylon: Art, Trade and Diplomacy in the Second Millennium B.C.," Syria gave the museum permission to borrow 55 objects. Under the Immunity from Seizure Act, the U.S. State Department can grant immunity from seizure to objects brought into the U.S. on temporary loan for exhibition purposes. However, when the Metropolitan Museum requested immunity for the objects to be loaned by Syria, which is standard procedure for international loans, there was concern that, in light of the 2008 amendments, even a State Department grant of immunity might not protect the objects from attachment by individuals who have claims against Syria for supporting terrorist activity. According to a statement by The Metropolitan Museum of Art, it was therefore not possible for these objects to be part of the exhibit.
The ability of nations and institutions throughout the world to loan objects is crucial to achieving international cultural exchange and increasing understanding of different places, different times, and different people. Such archaeological artifacts should not be sold to satisfy claims that are unrelated to the objects themselves. While the earlier litigation related to Iran had already indicated some threat to cultural interchanges, the Metropolitan's inability to borrow objects from Syria for an exhibition indicates the danger this legislation and litigation pose to cultural exchange. American citizens have been deprived of the opportunity of appreciating and learning from archaeological artifacts and works of art from one of the world's oldest civilizations. The actions in question therefore pose a serious threat to cultural exchange and cultural diplomacy, which are extremely important in building understanding among peoples.
If the United States is in the practice of confiscating artifacts that belong to other nations, then other nations will be unlikely to lend objects to U.S. cultural institutions. In addition, the U.S. will make itself vulnerable to the confiscation of its own cultural objects on loan in foreign nations. In the suit against the Oriental Institute, the Justice Department has, in fact, recommended against attachment of the tablets, presumably in part because of the bad precedent it would set for U.S. interests elsewhere. We call on Congress to enact legislation to preserve the principle that objects of cultural heritage should be made available for public viewing and cultural exchange in the interest of promoting greater understanding of our shared past.


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Clay Art Center Weekly Adult Classes Fall 2017
CLAY ART CENTER – Weekly Adult Classes Fall 2017
Clay is the new yoga and has taken on a new popularity as people, including Brad Pitt, are rediscovering the satisfaction from creating something with your own hands. For classes taught by some of the top ceramic artists look no further than Clay Art Center. Our education programs are for all ages and skill levels and offer insight into the transformational qualities of clay and its possibilities as a medium for expression. Each class is unique and small in size so students can focus on their individual growth while being part of a larger clay community. Our studio is well equipped and our instructors are dedicated and skilled artists. We offer focused classes in wheel throwing, hand-building and sculpture as well as classes in which students are shown a variety of techniques on and off the wheel. Weekly classes are offered throughout the week during the day or evening to fit your schedule.
Beginning the week of September 11 with sessions running for 7 – 9 weeks through December 15.
Class hours vary, so check the schedule at Clay Art Center's website.
For more information and to register at https://www.clayartcenter.org/adult-classes
Clay Art Center, 40 Beech Street, Port Chester, NY 10573.
Inquiries call 914-937-2047.
Event Location and Ticket Information
Clay Art Center
40 Beech Street
Port Chester, New York 10573
Handicap Accessible? Yes
Date: Monday, September 25, 2017
Times: All Day
Ticket pricing:
Get tickets now
Presenter: Clay Art Center
Presenter Phone: 914-937-2047
Presenter Website: www.clayartcenter.org


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- Posted by John on November 8, 2017
Overleaf is a finalist at Falling Walls Venture 2017
Overleaf co-founder and CTO today presented at Falling Walls Venture 2017, as one of the finalists for Science Startup of the Year.
(photo by Frank Tietze)
Falling Walls Venture is an international forum for outstanding science based start-up companies, venture capitalists and strategic investors as well as their wider academic and business environment. Twenty leading academic institutions and venture capitalists present their most outstanding science based enterprises to an audience and a distinguished jury. Falling Walls Venture takes place every year on 8 November, the eve of the Falling Walls Conference in Berlin.


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Hans Swolin
Co-Head Transactional Risk Europe, Middle East & Africa | Head of Nordics, Private Equity and M&A
In recent years, global private equity firms have emerged as a significant force in the world of high finance. With buy-in from the high-net-worth individuals and funds they enlist in various ventures, they've made successful moves to take control of trillions in assets under management. Some project private equity holdings to reach $5 trillion or higher by 2025.
In a highly competitive business world, private equity firms and public and private companies are looking for every growth opportunity they can possibly pursue. This includes acquiring other companies, merging with actual or potential competitors, or divesting assets that no longer deliver value. These courses of action have major potential for revenue generation — and in some cases are essential for survival.
Mergers, acquisitions, and divestments are among the riskiest and most complex business transactions. Many often fail because market conditions change, deals are never closed, or businesses encounter insurmountable difficulties afterwards. Private equity firms face an additional risk – the institutional shielding of a firm may not always insulate partners from the financial consequences of ill-advised investment decisions.
Our global private equity, mergers, and acquisitions team has more than 25 years' experience providing insights to evaluate, facilitate, and close cross-border and domestic transactions, while managing buy- and sell-side risks. We can help buyers differentiate their bids and sellers exit with minimal warranty exposure.
Our specialists are driven to solving your insurance and risk management challenges by understanding, quantifying, and mitigating risk throughout the investment life cycle. From pre-acquisition, transaction, and integration solutions, to portfolio servicing and post-acquisition transactions, we can help you enhance deal value, improve valuation outcomes, and achieve portfolio operational excellence.
The private equity sector continues to face evolving risks, including:
To contain costs, preserve liquidity, protect assets, and strengthen talent, private equity firms should take steps to optimize their insurance and risk mitigation strategies.
The global risk landscape is changing for mergers and acquisitions. Challenges that dealmakers face include:
To overcome these challenges, you should consider engaging a broker who can optimize risk mitigation measures and help you navigate this evolving risk landscape.
Any M&A transaction faces a range of exposures or complications with financial implications. A lack of due diligence and sophisticated risk and insurance planning can lead to surprises or incorrect valuations. Potential risks can include:
Being aware of, quantifying, and making provisions for these issues can lead to cost efficiencies, an improved ability to negotiate on price, a smoother and faster integration, an improved sale and purchase agreement, and a reduced exposure to unexpected costs.
A sophisticated broker with a depth of experience and the ability to conduct in-depth due diligence, such as Marsh, can identify these potential exposures and turn obstacles into opportunities to support a successful deal.
Simply put, any organization entering a merger or preparing to acquire one or more companies needs the safety net that insurance can provide. The sheer number of ways in which transactions like these can (and do) go wrong makes a coverage and risk management plan all but mandatory.
That being said, going into the M&A process with this acknowledged doesn't mean you can proceed as if success is guaranteed. It is vital that you work with risk practitioners who have helped others achieve the best outcomes for their M&As.
Insurers are becoming more aware of private equity risk issues and priorities. There is no "one-size-fits-all" coverage option. You must choose the protections you want for the businesses and other assets that comprise your portfolio.
However, several insurance solutions may be particularly beneficial to private equity firms, including:
A sophisticated broker can build tailored insurance policies specific to your risks, so you can execute deals with confidence and protect your portfolio for the long term.
From fundraising, acquisition, and asset management to divestment activities and exit stages, a strategically designed insurance portfolio program can help private equity firms achieve financial success.
Exploring these services can improve the value of a firm's portfolio across the investment life cycle:
M&A and transactional risk insurance, coupled with a comprehensive risk management solution, are vital components to help achieve a successful deal outcome. Risk and insurance due diligence services are imperative to address areas of exposure or hidden liabilities.
Given the complexities of tax legislation, globally and locally, products that cover tax liabilities are particularly beneficial to de-risk a transaction. Related solutions to achieve a successful deal outcome include representations and warranties coverage and contingent tax liability insurance.
Using an aggregated approach to risk management through a portfolio purchasing insurance program can help control costs and manage volatility. By teaming with the right insurance advisor, private equity firms can take a holistic, coordinated approach to risk, which in turn can yield better outcomes.
Using a portfolio insurance purchasing platform not only provides centralized oversight of your entire portfolio, but also helps you better quantify and manage your portfolio risk – leading to cost savings, greater operational efficiency, and improved valuations upon exit.
The increasing financial power of private equity firms coincides with risks that are growing steadily by the day. It's critical for any organization operating in this field to obtain specialized coverage for its portfolio holdings.
In addition, your organization may face greater scrutiny — from the general public and government regulators — regarding its practices. Even if you are confident in the strength and security of your deals, unexpected legal, regulatory, and financial surprises could emerge.
By enlisting our private equity team to develop a tailored risk assessment, management, and transfer solution, you can submit bids or divest assets with greater confidence that your risks are being mitigated as much as possible.
Co-Head Transactional Risk Europe, Middle East & Africa | Head of Nordics, Private Equity and M&A


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Lightning-fast materials testing using ultrasound
For years, ultrasound has proven to be a valuable tool in non-destructive materials testing. However, the demands of modern production conditions are increasing all the time. Researchers at Fraunhofer have now developed a new, more reliable process that delivers testing results at a rate that is up to a hundredfold higher.
Expectant mothers are familiar with the procedure: the physician examines them with an ultrasound apparatus that displays lifelike images of the fetus on the monitor. The application of this technology has been customary in medicine for years; in materials testing though, it has been used only in relatively rudimentary form to date. Researchers at the Fraunhofer Institute for Non-Destructive Testing IZFP in Saarbrücken have adapted the conventional sonar procedure – a simple ultrasound method – and have succeeded in generating three-dimensional images with the aid of innovative software. At the same time, they have increased the testing rate a hundredfold.
Many areas of quality assurance or production for the construction industry call for reliable testing methods: be it pipelines, railway wheels, components for power plants, bridge piers or items mass-produced by the thousands, there is a need to ensure that deep down the items produced are free from tiny fissures or imperfections. For many years, ultrasound has proven a valuable tool in non-destructive materials testing. An ultrasonic transducer radiates sound waves into the workpiece, and the time the signals require to travel and be reflected back indicates where material defects are located. Scanning workpieces in this way is relatively time-consuming, since, an inspection tact can only register a single beam angle. Thus many measurements must be performed to assemble the composite image suitable for evaluation of inspection results.
However, this approach is too slow if ultrasound testing is to be integrated in ongoing production or applied to large components. That is why Dr.-Ing. Andrey Bulavinov and his team at IZFP have developed a new method that works at up to 100 times the speed. "We no longer use the sonar method that emits a sound field in just one particular direction. Instead, we use the probe – which experts refer to as a "phased array" – to generate a defocused, non-directional wave that penetrates the material," the engineer explains. "What we get back are signals coming from all directions, and the computer uses these signals to reconstruct the composite image." In a manner similar to subterranean seismic testing, it analyzes physical changes the wave encounters in the material – diffraction and heterodyning – and uses this information to determine the conditions within the material itself. "We follow the sound field," Bulavinov notes, "and calculate the workpiece characteristics on the basis of that." Similar to computer tomography in medicine, in the end we receive three-dimensional images of the examined object where any imperfections are easy to identify. The startling thing about this approach is that with it, a fissure is now visible even if the ultrasound was not specifically directed at it.
I-Deal Technologies, an IZFP spinoff, markets testing systems based on this principle. "The method is suitable for virtually all materials used in the aerospace as well as the automobile industry, particularly for lightweight materials," managing director Bulavinov emphasizes. "Our method is even suited for use with austenitic steel – a type of steel that currently can be tested with traditional ultrasound methods only to a very limited degree." Upon request, the researchers also offer a fully automated quantitative analysis of the ultrasound test results. The IZFP is also demonstrating this method at Control 2011, the International Trade Fair for Quality Assurance, in Stuttgart from May 3-6 (Hall 1, Stand 1502).


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Watch the three short videos below:
Stu's Story
The Answer
The Science
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text:
Acquisition enhances Liquidity Services' position as the leading
reverse supply chain service provider to global Fortune 1000
corporations and expands its growing capital assets marketplace -
GoIndustry DoveBid shareholders to receive 73 pence per share in
WASHINGTON & LONDON–(BUSINESS WIRE)–Jul. 5, 2012–
Liquidity Services, Inc. (NASDAQ: LQDT) which provides leading
corporations, public sector agencies and buying customers the world's
most transparent, innovative and effective online marketplaces and
integrated services for surplus assets, today announced it has completed
the acquisition of GoIndustry DoveBid, plc (GoIndustry), a global
provider of surplus asset management, auction and valuation services,
for 73 pence per share and assumed indebtedness, or total transaction
price of $31 million USD.
The acquisition of GoIndustry enhances Liquidity Services' ability to
deliver surplus asset management, valuation and disposition services to
large enterprises across North America, Europe and Asia. Through offices
in over 20 countries and its proprietary AssetZone® asset management
platform, Liquidity Services and GoIndustry enable clients to
strategically manage investment recovery activities across global
locations consistently, transparently and in compliance with company,
domestic and international rules and regulations. GoIndustry serves a
large, active client roster of leading global manufacturers across
multiple industries, including aerospace, consumer packaged goods,
electronics, pharmaceutical, technology and transportation, and
asset-based lenders. Current GoIndustry clients include BAE, Bosch,
Covance, Ford-Europe, Honeywell, Ingersoll-Rand, Pfizer, Renault, and
Visteon, as well as asset-based lenders, Barclays, HSBC, Lloyds, JP
Morgan, PNC, RBS and Siemens Financial.
In addition, the acquisition of GoIndustry further expands Liquidity
Services leading online marketplace for surplus assets, adding over
458,000 professional buyers and more than 1,000 annual online sales
events on the go-dove.com website across a broad range of industrial
capital assets.
"This strategic combination expands our seller base by adding over 50
Fortune 1000 clients across complementary vertical market segments,
enables us to offer important new services and broader global coverage
to our existing sellers, and grows the buyer base for our online
marketplaces," said Bill Angrick, Chairman and CEO of Liquidity
Services. "Our combined offering will enable corporations to efficiently
manage, value, redeploy and sell surplus and idle equipment around the
globe with a uniformly high level of service and transparency. Our
complementary strengths, unmatched buyer base and know-how clearly
position Liquidity Services as the trusted provider of choice for
Fortune 1000 corporations in the reverse supply chain."
During calendar year 2011, GoIndustry recorded approximately $211
million of gross merchandise volume.
Business Outlook
Liquidity Services expects the transaction to be neutral to fiscal year
2012 earnings and one to three cents per share accretive to fiscal 2013
For further information regarding this transaction, please visit http://investor.liquidityservicesinc.com/phoenix.zhtml?c=195189&p=irol-presentations.
About Liquidity Services, Inc. (LQDT)
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations,
public sector agencies and buying customers the world's most
transparent, innovative and effective online marketplaces and integrated
services for surplus assets. On behalf of its clients, Liquidity
Services has completed the sale of over $2.8 billion of surplus,
returned and end-of-life assets, in over 500 product categories,
including consumer goods, capital assets and industrial equipment. The
company is based in Washington, D.C. and has approximately 760
employees. Additional information can be found at: http://www.liquidityservicesinc.com.
Forward-Looking Statements
This document contains forward-looking statements made pursuant to the
Private Securities Litigation Reform Act of 1995, including, without
limitation, statements regarding the potential benefits and impact on
fiscal 2012 and 2013 operating results. The outcome of the events
described in these forward-looking statements is subject to known and
unknown risks, uncertainties and other factors that may cause our actual
results to differ materially from any future results expressed or
implied by these forward-looking statements. You can identify
forward-looking statements by terminology such as "expects," or the
negative of these terms or other comparable terminology. We cannot
guarantee future results, levels of activity, performance or
achievements. There are a number of risks and uncertainties that could
cause our actual results to differ materially from the forward-looking
statements contained in this document. Such factors, among others,
include, but are not limited to, the inability to realize expected
benefits or synergies from the acquisition in the amounts or in the
timeframe anticipated; and difficulties relating to integration matters.
In addition, important factors that could cause our actual results to
differ materially from those expressed as forward-looking statements are
set forth in the Company's Annual Report on Form 10-K for the fiscal
year ended September 30, 2011, including, but not limited to, those set
forth in Part I, Item IA (Risk Factors). There may be other factors of
which we are currently unaware that may cause our actual results to
differ materially from the forward-looking statements. All
forward-looking statements apply only as of the date of this document
and are expressly qualified in their entirety by the cautionary
statements included in this document. Except as may be required by law,
we undertake no obligation to publicly update or revise any
forward-looking statement occurring after the date of this document.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Julie Davis, 202-558-6234
[email protected]


text:
The Standards Company LLC
No doubt about it, the education world is becoming more complex with an ever-increasing number of mandates, each driving large shifts in educational practice.
Such changes leave many teachers wondering how they can align their curriculum and instruction to a new slew of standards and assessments that demand increased accountability for student performance.
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Since 2007, The Standards Company has been instrumental in developing this rigor-driven approach to meeting the demands of new college/career-preparedness standards, such as the Common Core State Standards.
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In 2011, the Smarter Balanced Assessment Consortium adopted Cognitive Rigor as its framework for selecting items for the Next Generation Assessments. Numerous state departments of education followed suit, incorporating Cognitive Rigor into their own professional development services.
Today, we are leading the way to a new rigor-driven approach to curriculum and instruction that allows teachers to use their own professional decision-making skills to deliver a rich, engaging curriculum to their students.
After all, isn't that why teachers became teachers in the first place?
You can connect with us through a wide range of social media.
The Standards Company LLC
3209 Duvall Drive
Norman, OK 73072
(405) 540-2214
I formed The Standards Company in 2007 to provide educators and researchers a cost-effective way to ensure that their curriculum and instruction meet rigorous expectations.
Let us help your teaching staff boost the learning environment in their classrooms and make teaching fun again.
— John R. Walkup, PhD


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Back to Council Listing
The City of Arcadia website is undergoing modifications to provide enhanced access to documents for disabled individuals who are visually impaired and to comply with the requirements of the Americans with Disabilities Act (ADA) to make reasonable accommodations. If you would like to obtain a document not currently provided on the website, please contact our City Clerk, Penny Delaney, at 863-494-4114 Ext. 301 or email@example.com. Thank you for your patience and understanding as we implement these changes.
Florida has a very broad public records law. Most written communications, to or from local officials regarding city business, are public records available to the public and media upon request. Your email communications may be subject to public disclosure.


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