Revisiting Lenin’s theory of socialist revolution on the 150th anniversary of his birth

Today is the 150th anniversary of the birth of Lenin. To mark the occasion, David Lane presents an assessment of Lenin’s theory of socialist revolution. He writes that while Lenin was correct in his appraisal of the social forces in support of a bourgeois revolution, he provided an incomplete and erroneous analysis of advanced imperial monopoly capitalism. Consequently, the October Revolution of 1917 was a local and regional achievement, but did not have the global revolutionary consequences that he anticipated..