Propagandists in the West—in Madison Avenue, Fleet Street, government publications, and even in university circles have been selling Iran to the rest of the world as a model of capitalist development. They have constantly praised the shah for creating an "island of stability" in a sea of Middle Eastern instability. They have invariably repeated his false double boast of avoiding a bloodbath while carrying through a White Revolution. They have given him three cheers for decreeing a new "revolution," which, unlike some others, does not threaten to nationalize basic industries.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.