" 'Newest' E. P."
Last week's despatches told a simple story and, like many such, its signifi- cance was great. The story was that Bolshevik Russia had reformed its internal trade policy, permitted private capitalists to operate, begun what was known as the " 'Newest' Economic Policy."
In 1921, Lenin the Late promulgated his N. E. P. (New Economic Policy)− inviting foreign capital to exploit Russian concessions sharing profits with the Government−which virtually marked the receding of the waves of Communism from the shores of Capitalism. It was a fearless step to save...