I've been playing with a simulation. There is a mode where it oscillates, for a while.
Since this simulator does not include a crystal, I used a series LC, adjusted to resonate around 12 MHz. I don't claim this is an accurate model for a crystal, but it does start oscillating on its own.
I have a suspicion that whoever drew the original schematic reversed R2 by connecting it at one end and disconnecting it at the other.
I used betwixt's recommendation to connect its upper end to the node.
I also detached its lower end from the other components. Now it is zero ground.
There is now a couple mA flowing through the transistor. Now the rest of the circuit has a little more juice to power it.
I reduced the resistor above the LED, to make it brighter.
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I remember after I first signed on this board, I would be taking a long time to edit a post, then find I was logged out. I had to re-enter my name and password.
To avoid losing my work, I got in the habit of highlighting and copying it, before posting.
Eventually I must have built up sufficient activity, because now I seem to be logged in all the time. I don't remember the last time I had to enter my name and password.