SOVIET FAILURE.
NEW THEORIES JETTISONED. RETURN TO CAPITALISTIC BASIS. By Telegraph.—Press Assn. —Copyright. Received Dec. 5, 5.5 p.m. London, Dec. 4. Sir Philip Gibbs says the Soviet Government faces self-made ruin. Acknowledging, affrightedly and frankly, the failure of its political theories, it is now retreating from communism panic-strickenly, hoping its leaders will save the Russian people and themselves by returning to the old time civilisation. which private trade and property and. international credit built up. It appears certain that in less than a year hence Russia, will have returned to the capitalist basis of national life. As a republic it is no more revolutionary than France, and has already restored the rights of private property and trading, has acknowledged its foreign debts, ami invited foreign capitalists to exploit its national resources.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 6 December 1921, Page 5
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133SOVIET FAILURE. Taranaki Daily News, 6 December 1921, Page 5
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