[Green Left Weekly, #269, April 9, 1997]
February next year is the 150th anniversary of the first publication of Marx and Engels' famous Manifesto of the Communist Party. This event can be regarded as the birth of the modern socialist movement. Yet, despite all the drama and turmoil of the past century and a half, today the socialist movement seems at its lowest ebb ever. Among capitalist commentators, it is the received wisdom that socialism is a dead issue. Many erstwhile radicals have come to the same conclusion.