New York Communist

According to historian James Weinstein: Reed and his colleagues viewed the Socialist Party moderates as consistent supporters of 'liberal state capitalism' as a result of their commitment to parliamentarianism.

Although they did not yet attack the old party leadership as prowar, they did tend to equate it with European social democracy, which, Reed wrote, was 'as responsible for the war as Wilhelm.'

* * * While the Left Wing in New York, as throughout the United States, became more and more caught up with the insurrectionary perspective of the new Communist International, the old leadership of the Socialist Party reacted to the wartime repression and postwar antiradical hysteria by appealing to traditional American democratic rights and liberal values.

Business manager of the publication at its launch was Maximilian Cohen, the Executive Secretary of the Left Wing Section of Local Greater New York.

The parody issue prominently featured a speech purported to have been delivered by leader of the Regular faction Louis Waldman on April Fool's Day.