Imagine, for a moment, that some crime had taken place, an act of wrongdoing so outrageous that it gripped the attention of the nation. And suppose that the perpetrator of this crime had been the member of an ethnic minority, do you think, even for a second, that the New York Times would have set up a meeting with some genial racist to find out his reaction? Would the reporter from the New York Times have sat there, quietly nodding as he took his notes, preparing to write an article that (with, of course, the appropriate amount of ironic distance) hinted that the recent outrage might show, just perhaps, that there was something to the crackpot's theories? Well, hopefully not, but on Friday the "paper of record" published an article that, in a number of ways, was not really so different from doing just that. "Letting the Capitalists Eat Crow" by Clyde Haberman, takes the form of a chat about the recent Wall Street scandals with Jarvis Tyner, the executive vice chairman of the Communist Party USA. Tyner is a veteran activist with a lifetime of Communist politicking behind him, including a stint as the running mate to party leader Gus Hall in the 1972 U.S. presidential election (it's worth remembering that Hall, an unrepentant Stalinist, had effectively endorsed the Russian invasion of Czechoslovakia only four years before) and again in 1976. I'm not sure where Comrade Tyner stands now on the Soviet rap sheet, but offered a platform for his views on capitalist criminality, he unsurprisingly jumped at the chance.

Why anyone should care about Tyner's opinions on this topic is quite beyond me. The American Communist Party is a grubby group with a shabby history. Its numbers are miniscule these days and its significance is even less. If its leadership has anything interesting at all to say, it would be to shed some light on a murky Moscow-subsidized past that includes espionage, Stalin worship, tacit support for Hitler (during that embarrassing Nazi-Soviet pact) and acquiescence in mass murder. Sadly, Mr. Haberman did not choose to raise any of this. The only reference to earlier times came from Tyner himself with his wistful references to the "radicals" of the 1960s, and, inevitably, the 1930s. Ah yes, the radicals of the 1930s, that generation of leftists who will forever be associated with the CPUSA, the Gulag groupies who added further disgrace to an already ghastly decade, creepy enthusiasts for collectivism, coercion, and revolutionary violence, the old comrades who Tyner apparently still mourns.

Worth mentioning, Clyde? But, no, Mr. Haberman would prefer to discuss the country's current economic troubles with the beaming Bolshevik. Fair enough, you might think. Having presided over the impoverishment of much of the planet, Communists know a thing or two about mismanagement. Unfortunately, the incompetence that Mr. Haberman wants to discuss is not theirs, but ours.

"Is there any greater joy," writes Haberman,

for a heart that pounds to the beat of a hammer attached to a sickle than the sight of capitalists resorting to a form of corporate hara-kiri…Thanks to the shenanigans of Enron, WorldCom, Tyco and the rest, the Dow Jones industrial average has fallen further in the last three months than it did in the wake of the Sept. 11 terrorist attacks. Think about it. The boardroom brethren have walloped the stock market harder than Osama Bin Laden did.

That's the sort of simplistic analysis that could only appeal to someone with absolutely no grasp of economics, to someone like, well, a Communist. And it does. The "smiling" Jarvis Tyner's response to the crisis is "we told you so". Blithely ignoring the fact that Marxists have been "telling us so" every year since about, oh, 1848, Tyner tells us again.

The growing corruption of big business is a sign of its inability to generate profits honestly any more…People were left out in the cold. But capitalism always functioned that way. It's just gotten worse. We've got a society that's run on greed. And they've got their guys in the White House now.

Hmm, greed. There are those who hint that Tyner's old running mate Gus Hall might have had some explaining to do on that account. Rather less ascetic than his creed might suggest, greedy Gus was said to have lived in some style, even, one old comrade has claimed, going so far as keeping a stable of Arabian racehorses, a gift, it was alleged, from Mr. Brezhnev himself. Can this be true? Racehorses? Brezhnev? Now, that's what I call a story.

Alas, these tales of socialist sybaritism never come up. Readers are, instead, presented with Tyner's tired sloganeering. He believes the president's proposed crackdown on corporate crime is meaningless: Bush is "playing softball with the big guys…He's running with the big dogs and he's not going to hurt them." Yada, yada, yada. As even Haberman notes, "what else would you expect from a Communist?"

Quite, but then the journalist goes on to write, "But isn't it funny that Democrats, and more than a few Republicans, have been saying pretty much the same thing?" And so there you have it; that sly half-suggestion that maybe this repulsive old ideology is not quite so demented as it once seemed.

It is a nauseating conclusion to a distasteful piece, and it overlooks a simple, and rather obvious point: Even a broken clock is right twice a day.