Ted Grant Archive: Reply to David James
We republish one of Ted Grant’s most important
writings. In the years after the Second World War the Trotskyist movement had to
reorient itself to a very different situation to that envisaged by Trotsky when
he had founded the Fourth International in 1938. Rather than falling into
crisis, capitalism in Western Europe and North America was experiencing a boom
which was later described as a ‘golden age’. After the post-War revolutionary
wave was seen off in the advanced capitalist countries, this made conditions
for revolutionaries very difficult. Illusions that capitalism had solved all
its problems began to develop quite widely. Ted analysed the causes of the boom
and why it would come to an end in ‘Will there be a slump?’ in 1960.’
