This has been causing some excitement in liberal-left circles, as it apparently means would-be lefties can just wait for “post-capitalism” to happen, while working in retail management or small business:
The red flags and marching songs of Syriza during the Greek crisis, plus the expectation that the banks would be nationalised, revived briefly a 20th-century dream: the forced destruction of the market from above. For much of the 20th century this was how the left conceived the first stage of an economy beyond capitalism. The force would be applied by the working class, either at the ballot box or on the barricades. The lever would be the state. The opportunity would come through frequent episodes of economic collapse.
Instead over the past 25 years it has been the left’s project that has collapsed. The market destroyed the plan; individualism replaced collectivism and solidarity; the hugely expanded workforce of the world looks like a “proletariat”, but no longer thinks or behaves as it once did.
If you lived through all this, and disliked capitalism, it was traumatic. But in the process technology has created a new route out, which the remnants of the old left – and all other forces influenced by it – have either to embrace or die. Capitalism, it turns out, will not be abolished by forced-march techniques. It will be abolished by creating something more dynamic that exists, at first, almost unseen within the old system, but which will break through, reshaping the economy around new values and behaviours. I call this postcapitalism.
As with the end of feudalism 500 years ago, capitalism’s replacement by postcapitalism will be accelerated by external shocks and shaped by the emergence of a new kind of human being. And it has started.
Postcapitalism is possible because of three major changes information technology has brought about in the past 25 years. First, it has reduced the need for work, blurred the edges between work and free time and loosened the relationship between work and wages. The coming wave of automation, currently stalled because our social infrastructure cannot bear the consequences, will hugely diminish the amount of work needed – not just to subsist but to provide a decent life for all.
Second, information is corroding the market’s ability to form prices correctly. That is because markets are based on scarcity while information is abundant. The system’s defence mechanism is to form monopolies – the giant tech companies – on a scale not seen in the past 200 years, yet they cannot last. By building business models and share valuations based on the capture and privatisation of all socially produced information, such firms are constructing a fragile corporate edifice at odds with the most basic need of humanity, which is to use ideas freely.
Third, we’re seeing the spontaneous rise of collaborative production: goods, services and organisations are appearing that no longer respond to the dictates of the market and the managerial hierarchy. The biggest information product in the world – Wikipedia – is made by volunteers for free, abolishing the encyclopedia business and depriving the advertising industry of an estimated $3bn a year in revenue.
Almost unnoticed, in the niches and hollows of the market system, whole swaths of economic life are beginning to move to a different rhythm. Parallel currencies, time banks, cooperatives and self-managed spaces have proliferated, barely noticed by the economics profession, and often as a direct result of the shattering of the old structures in the post-2008 crisis.
…read the whole article here
A comrade comments:
“It’s complete nonsense; not only utopian in the worst sense of the word but also depressingly gradualist and reformist (its central claim is that ‘post-capitalism’ will just sort of emerge as the result of a proliferation of… well, I don’t know what exactly: file sharing?).
“The ‘would-be lefties’ drawing the conclusion that they can ‘wait for post-capitalism to happen’ – i.e., without having to think, or organise, or act, or struggle in any meaningful way at all – seems to me an entirely faithful reading of the article.
“It’s like the worst bits of Owen and Proudhon repackaged for the digital age and dressed up as some amazingly innovative, novel theory. But at least those people (even Proudhon, who was basically a reactionary) had a bit of fighting spirit about them, wanted to build a movement (of sorts), and wanted people to fight the system (in however distorted or misguided a way). What does Mason want us to do? Surf the web?
“It’s actually quite sad from a guy who probably ought to know better, and who only a few years ago was writing books about how the key aspect of contemporary capitalism was the globalisation of the working class. He seems now to have decided that this isn’t really that important after all.”
The people tried to overthrow the memoranda between 2010-13, but they couldn’t overcome the state’s reaction, the brutality of the police and legal system, the betrayals or lack of planning from their own trade union leaders. It was natural that they started moving away from their political and trade union leaders (from the neo-liberal parties) and place their hopes on Syriza. Their interest was elevated towards the question of power, even in a “distorted” parliamentary way, as a next means of tackling the crisis.
Increasingly, since 2012, it has been up to Syriza to direct the people’s attention towards a reconstruction of the movement on a higher basis, with a friendly government on its side. A Syriza victory and the implementation of some of its urgent measures, could encourage the workers to fight for all they have been deprived of.
There are struggles still going on, such as the laid-off public servants (teachers, janitors, school guardians [caretakers]). Nevertheless demonstrations and strikes have weakened and people in struggle are also are waiting for the elections, at least temporarily. Yet all these struggles (and the recent victorious one, against the lay-offs in the public sector, against the “redeployment” process) have created a mood of public exasperation. That hindered the next memorandum planned by the former government and forced them to resign in the hope that a “left-break” would be short-lived.
If Syriza wins the urgent measures for the first 100 days will, as set out in the Thessaloniki declaration, consist of some measures that we, as DEA, find useful or critical to give confidence to the labour movement. These are:
• Restoration of the minimum wage (up to 751 euros, a 30% raise),
• Restorarion of all the labour laws and the collective labour contracts
• A €12, 000 tax-threshold
• Free health care for all the uninsured
• Abolition of socially unjust taxing
• Free electricity for 300,000 households
• A programme for 300,000 new jobs in the public and private sector.
Not every issue is fully addressed. The question of unemployment and even more urgently that of the evaporated pension funds need more immediate and determined attention. We hope that the movement will push for the most radical solutions, the ones Syriza’s majority faction try to overlook or postpone. But the overall programme of priorities is very promising. Many people hope for half of it to be realised as fast as is being promised. Read the rest of this entry »
Above: Prime Minister Samaras and Syriza leader Tsipras
According to protothema news.com the main Greek opposition Radical Left Coalition (SYRIZA) party continues to be ahead in the opinion polls following an opinion poll by Rass polling agency for last Sunday’s issue of Eleftheros Typos: SYRIZA would gather 30.4% of the votes if elections were held now, followed by the conservative New Democracy (ND) leadership that would gather 27.3% of the votes. This puts SYRIZA 3.1 points ahead, down from 3.4 units that had been shown in the previous poll.
The Greek Communist Party (KKE) follows in third place, gathering 4.8% of the votes, marginally ahead of To Potami with 4.7%. Ultra-nationalist Golden Dawn follows with 3.8%, socialist PASOK with 3.5%, rightist anti-austerity Independent Greeks (ANEL) with 2.5% and ANDARSYA with 1.4%. Democratic Left (DIMAR) is not recorded.
3.8% of respondents said they would vote for another party whereas 2.6% would cast an invalid ballot and the undecided vote gathers 15.2%.
Greek Prime Minister Antonis Samaras has the highest approval rating with 7.6% ahead of SYRIZA leader Alexis Tsipras when respondents were asked about who would be a better prime minister. Mr. Samaras gathered 41% and Mr. Tsipras gathered 33.4% approval.
A majority of people (74.2%) believe that Greece should remain within the euro area at whatever cost. 41% fear the prospect of Mr. Tsipras being elected Prime Minister and 38.1% says it gives them hope.
Only 6.1% said they trust former prime minister George Papandreou and his plan to form a new party.
On Monday 29 December, the Greek parliament failed to elect a new President for the third time. The result is parliamentary elections at the end of January, elections which it looks probable that SYRIZA will win. Shortly before the vote, Workers’ Liberty member Theodora Polenta – who is based in Greece – wrote this:
Where is Greece going?
This Christmas story does not have a beginning and we do not know the end yet. Will we get the present the majority of the combat working class movement and all progressive/libertarian forces are long awaiting for: a government of the Left, not as the final aim and not as an end in itself, but as a starting point towards another route and another narrative that we are going to be the protagonists and the story-makers of our own destiny?
My story, although it covers a very short period (shorter than the British extended celebration Christmas period) has it all: the heroes and the villains, the omnipotent external forces, bribery, corruption, blackmailing, backstabbing … as well as bravery, dignity and resilience. It is not an ‘objective story’. The heroes and the villains are interchangeable, dependent upon which side of the fence one is sitting. I am going to attempt to tell this story from a very class biased way, from the perspective of the working class interest.
However, paraphrasing Orwell, within the context of capitalism in crisis describing reality is a revolutionary act of itself and I will commence by stating the facts.
Resurgence of the class struggle and the combat working class movement with sectoral strikes and occupations with the public sector workers in “reserve employment” in the vanguard, increased militancy of the student/university students movement with on-going occupations and demonstrations resisting the further business orientation of the education and the government’s vision of an education that fits the needs of the Greece under continuing austerity and memoranda.
The uncompromised hunger strike of the anarchist Nikos Romanos defending his self-evident right to life and education and the enormousness of the erupted movement that encompassed not only the usual suspects but broader layers of the Greek society.
The spread of the Greek virus to the very epicentre of the EU/Eurozone with militant protests and strikes in Belgium and Italy.
The disclosing of the farce of the Government’s “success story” and the balanced budgets, and the end of the memorandum and austerity…
The total mismatch between the Greek population’s wishes and political beliefs, and the existing balance of forces within the parliament. The continuing fragmentation of the two party coalition government of Samaras Venizelos and the decimation of the once all powerful two party political system.
The grim future of another memorandum and Troika’s pressure to the Government to speed up the austerity reforms, with the banks confiscating “bad/debtors” (i.e. working class people that have become unemployed and/or their income is diminishing) people’s homes.
The Presidential election
Panicked and deadlocked, the government rushed, hurriedly, to announce the launch, conduct and completion of the procedures for electing the President of the Republic in December, before the end of the year (which were previously scheduled to take place in February). Three elections were to take place for the parliament to elect the President of the Republic: 17th of December, 23rd of December and 29th of December. Read the rest of this entry »
Reviewed by Hans G. Despain in Marx & Philosophy Review of Books
Capital in the Twenty-First Century
The Belknap Press of Harvard University Press, Cambridge MA, 2014. 696pp., $39.95 / £29.95 hb
About the reviewer
Hans G Despain
Hans G Despain is Professor of Economics and Department Chair at Nichols College, Massachusetts. He encourages your correspondence: email@example.com
Capital in the Twenty-First Century is a most impressive book that deserves great attention. Piketty insists that social scientists generally, and economists in particular, must confront and examine “facts” (574-5). This is what he sets out to do in his momentous nearly 700 page text.
The title suggests the book may be offering homage to Marx’s nineteenth-century Capital. Let us be clear from the beginning it is not. Nonetheless, this book will be appreciated by Marxian political economists, while at the same time a frustratingly theoretical disappointment.
Piketty’s book is nothing short of revolutionary in establishing flows of income over time. He establishes that there is a tendency toward the hyperconcentration of wealth, and the rise of a new “supermanagerial” class (315-21). Piketty leaves no doubt that it is class that matters and structural “class warfare” predominates in twenty-first century capitalism (246). Crucial to Piketty’s studies of capitalism is that there exist no economic laws determining distribution of income and wealth (274, 292-4, 361-4). This is an enormously important point, and a return to classical political economy with a vengeance, especially to Marx whereby distribution is a function of series of institutional power relations, rooted in production relations. These summaries will surely, and should, excite Marxian social theorists. However, Piketty’s definition of capital as a financial measure of physical equipment, money, financial assets, land, and other valuables will discourage Marxian social theorists. I will come back to these crucial points.
The primary problem with the book is an underdeveloped social theory and normative philosophy. Consequently, Piketty’s policy recommendations are impressively anemic and aimed at perpetuating exploitation of the economically vulnerable populations. In the end Piketty wants to take the ‘hyper’ out of hyperexploitation and reestablish good old-fashion exploitation with higher minimum wages, taxes on capital, progressive income tax, and limits on inheritance.
With emphasis, Piketty defends the strengthening of the “social state” or the historical development of public education, healthcare, social security, unemployment compensation, and income support for the poor (471-92). Moreover, he maintains that deficits are not bad in-and-of-themselves, but must be spent wisely and should not be paid for with fiscal “austerity” but by means of central-bank-generated-inflation and/or a tax on capital (540-70). This defense of the “social state” and federal deficit pushs Piketty into the area of (political) philosophy, social ethics, and morality. Piketty is well-aware of this (479-81). He recognizes that the so-called “science of economics” is more accurately political economy that generates enormous normative philosophical implications (574).
This gets well ahead of our story and the details of Piketty’s book. The essence of the book is remarkably straight forward and is intended for a popular audience. Piketty brilliantly succeeds on this account and should be duly praised. The essential argument is that capitalistic economic growth inevitably slows. As the rate of economic growth diminishes, the past accumulated “capital”/wealth gains in importance (233), and indeed allows past wealth “to devour the future” (378). Piketty calls this a “fundamental law of capitalism” (166).
This fundamental law of capitalism means that the “return on capital” (r) is greater than the economic growth (g): r > g. As a prosperous and industrialized capitalist economy begins to stagnate, past wealth becomes more important and powerful and inequality begins to increase rapidly (572). Thus, one of Piketty’s main goals “is to understand the conditions under which such concentrated wealth can emerge, persist, vanish, and perhaps reappear” (262).
According to Piketty, the primary mechanism (25) causing inequality is the fact that the rate of return on capital is 3 to 5 times greater than the rate of growth (233). Thus, the structural tendency of capitalism toward stagnation and 4-5% rate of return on capital means that markets and competition do not reduce inequality (370). It is in this sense that there is a “logic of accumulation,” based on the divergence between the rate of return on capital and economic growth (22-7), that accounts for the very high concentration of wealth throughout capitalist history (377).
This comes courtesy of Jimmy Kimmel, via Gene at That Place. The entire clip is worth watching (dealing, at first, with the burning question: “is Santa white?”), but the classic film trailer starts at around 2.10:
Below: clip from dangerous leftist subversive Frank Capra’s 1946 ‘It’s A Wonderful Life’ before it became the ideologically acceptable ‘Mr Potter and the Commies of Bedford Falls’ (NB: children and impressionable adults should not be allowed to watch this unsupervised):
The environmentalist George Monbiot tweeted today:
Yes, I support #nuclear power, in general. But the economics of the #Hinkley deal are simply bonkers. Appalling value for money.
Monbiot is right on both points: nuclear power must play a part in any serious UK energy plan, taking account of environmental concerns and climate change. But he’s also correct that this deal is “bonkers” – and not just because of the price guarantee/subsidy being gifted to EDF and the two Chinese companies that will deliver the new reactors: it’s simply bizarre that the privatisation-obsessed Tories are, in effect, handing the UK’s nuclear energy industry over to state-owned concerns in France and China.
The Observer‘s Will Hutton adds a further note of concern:
“This is a breathtaking step in an industry where the sensitivities over operating safety, technical efficiency and waste disposal are so acute. Fukushima, Three Mile Island and Chernobyl are remembered around the world. Chinese state-owned companies are a byword, not least in China, for inefficiency, loss-making and politicisation of decision-making. The party has wrestled for a generation with the reality that these companies, designed by Mao to embody the communist dream of uniting economic and social obligations, abolishing worker exploitation and spearheading modernisation, are sclerotic economic duds.”
Nevertheless, the traditional “left” stance against nuclear power (in reality, based upon Stalinist cold war anti-nuclear weapons concerns) is clearly outmoded, and must be dispensed with.
We have, in large part, George Monbiot to thank for forcing at least some in the environmental movement, and on the rational left, to rethink their old prejudices against nuclear power.
Les Hearn, writing for the AWL’s paper Solidarity in 2011, takes a similar position:
Why I support nuclear power as one of a range of alternatives to fossil fuels
Back in the 70s, like many on the left, I was alarmed by what seemed to be the cover-up of the risks of nuclear power in the 50s and 60s. The indiscriminate power of nuclear weapons to kill in large numbers also marked many on the left with a fear of nuclear energy. But, as Maynard Keynes put it, “when the facts change, I change my mind”.
We only have one planet and it is overwhelmingly likely that “we” (or greedy capitalists, if you like) are altering its climate for the worse by returning carbon dioxide to the atmosphere a million times faster than it was originally locked away in fossil fuels. And, despite attempts to reduce carbon emissions, these are actually rising … by over 5% last year, from 29.0 to 30.6 gigatonnes (Gt or billion tonnes).
And, of the 13.7 Gt released by electricity generation, 11.2 Gt is “fixed” for the foreseeable future, since it will come from existing or planned fossil fuel power stations that will be operating in 2020.
The closure or cancellation of nuclear power stations makes this much worse, since these are the main proven alternative source of electricity. Countries which have reacted to recent scares, rather than evidence, include Japan, Germany, Malaysia, Thailand, Italy and Switzerland.
Truthfully, the potential risks of radiation are massively exaggerated by anti-nuclear groups in comparison with the actual risks of the fossil fuel industry to workers and the public. In particular, the environmental risks of radiation are minimal — wildlife is flourishing in the exclusion zone round Chernobyl and, as James Lovelock has pointed out, in the atom bomb test sites in the Pacific.
Furthermore, the difficulties of replacing nuclear power, let alone the whole fossil fuel industry, with renewables are minimised (see my article in Solidarity 203, 11 May).
It is said (by Theo Simon, Letters, Solidarity 204, 18 May —http://bit.ly/k8WOD9) that “nuclear power demands high security and central control”, as if these were necessarily bad.
Central control would anyway be needed to construct tens of thousands of wind turbines, on- and offshore, and the new supergrid of thousands of kilometres which would be needed to get the electricity to the cities. Already, proposals to introduce new systems of pylons have provoked mass protests in Wales, Scotland, Somerset and the West Midlands. And putting cables underground would be ten times more expensive.
Apparently, I fail “to question the projected ‘energy gap’ which is being used to justify nuclear power expansion”. The argument goes that, if the most wide-ranging programme of insulation and energy conservation is undertaken world-wide (the like of which has never been seen), then the electricity generated by nuclear power would not be needed. As the Spartans once said in a different context, if!
Once again, let’s look at the reality of nuclear power. The worst accident of all time, Chernobyl, has killed 43 people. This was due to the criminal negligence of the USSR police state. 28 workers were fatally irradiated while bringing the reactor under control. 15 young people died of thyroid cancer, entirely avoidable had the bureaucrats issued potassium iodide tablets (as was done promptly in Japan recently). Other estimates of potential deaths range from 9,000 to 900,000 but even the lowest of these seems to be way too high. So far, no other deaths have been proved to be due to the Chernobyl disaster.
As Wade Allison (author of Radiation and Reason) states, the ability of living tissue to repair radiation damage has been wildly underestimated. In radiation treatment of cancers, healthy tissues receive up to five times the fatal dose of radiation but spread over several weeks, during which time they efficiently repair the damage.
Many accidents have occurred in nuclear power plants. In those resulting in radiation leaks, there have been … no deaths or even injuries among the public. A few workers have died, usually because they were close to the incident. Otherwise, nuclear workers are healthier than the general population. A 2% increased risk of cancers linked to radiation is dwarfed by a 24% decreased risk of death from other cancers, according to a Canadian study. It also found that nuclear workers lived longer than average. And this under capitalism!
I am accused of listing the objections to nuclear power but not attempting to answer many of them. In particular, in the areas of waste disposal, plant safety and cost, I fail to “see the reality of nuclear power within the context of a global capitalist economy”. Trading content-free accusations, I might accuse others of failing to see the reality of renewable energy within the context etc. etc.
Of course, I did deal with plant safety and waste disposal. A recent Physics World (May 2011) shows that more modern designs would have survived both the Japanese earthquake and tsunami. These include better back-up generators and containment for molten fuel in case of a meltdown, and passive (i.e. not depending on a power supply) emergency cooling operated by gas pressure or gravity. In fact, modifications to the Fukushima model to reduce radiation leaks in case of an accident were proposed by scientists 30 years ago but rejected as too expensive. Meanwhile, other similar power plants survived the earthquake and tsunami undamaged.
On radioactive waste, I said that deep storage in stable strata was perfectly plausible. Reprocessing would reduce the amount and feed back fuel to nuclear plants. The relevance of the “global capitalist economy” to this is not clear, except that they won’t pay for it. In any case, the danger of waste has been greatly overstated. Five metres of concrete would absorb all the radiation from anything. Wade Allison “would be perfectly happy” to have high-level waste buried 100 metres below his house, while James Lovelock has “offered to take the full output of a nuclear power station in my back yard.”
Alternatives to fossil fuels consist of two proven technologies, nuclear and hydroelectric power (HEP), a host of promising but unproven ones, and the mirage (at present) of a vast reduction in energy demand.
All have environmental and/or health implications. HEP requires vast dams flooding arable land and wildlife habitats, disrupting river ecosystems, destroying estuarine fisheries, reducing the fertility of flood plains, and endangering lives in case of collapse.
The Three Gorges dam in China necessitated flooding 1000 towns and villages, and “removing” 1.4 million people. Since completion in 2006, the reservoir has been plagued by pollution and algae. The dam is silting up, while the extra weight of water is causing geological problems. Downstream, the reduction in flow has led to a drought affecting 300,000 people, with drinking water reservoirs containing only “dead water”. Shipping can no longer use large stretches of the river. It is worrying that Switzerland is phasing out the nuclear power that provides 40% of its electricity, replacing it with HEP.
It is also worrying that Germany, the sixth biggest emitter of carbon dioxide, is phasing out nuclear power, increasing carbon emissions by 3%. If it can afford to do without the electricity from its nuclear plants, it should keep them open while closing down an equivalent number of fossil fuel plants, cutting CO2 emissions proportionately.
In Japan, phasing out nuclear power will cause massive shortfalls in energy. The optimistic scenarios of Energy-Rich Japan (ERJ — http://www.energyrichjapan.info) all involve substantial reductions in demand (so far untested), while some involve reductions in population — by up to 20%! Since an increase will be needed in order to care for the ageing population, this seems particularly unrealistic.
In particular, ERJ claims that transport energy can be reduced by 70% with hydrogen-powered vehicles. They don’t mention the following problems. Hydrogen is inefficiently produced from fossil fuels; solar-powered electrolysis of water is even more expensive. Highly flammable hydrogen must be stored in pressurised tanks, no doubt to be released in traffic accidents. A new infra-structure for hydrogen supply would have to be built, “a matter for policy decisions and market forces” (ERJ) (!?). Fuel cells to “burn” the hydrogen use costly platinum catalysts which can be poisoned by impurities in the hydrogen or air, which is also needed; their reliability over long periods is unknown; they would easily freeze in cold weather; they would be a magnet for thieves. Incidentally, ERJ assumes that much of the hydrogen would be imported (from where?).
Other aspects of ERJ’s schemes are equally vague. Much geothermal energy would be needed, though this technology is notoriously unreliable. Curiously, nowhere in 250-plus pages is there a mention of earthquakes or tsunamis!
It is difficult to avoid James Lovelock’s conclusion that “only nuclear power can now [my emphasis] halt global warming” — but this is not to accept nuclear power as it is. The possibility of fail-safe thorium-powered reactors is ignored not only by the (capitalist) industry which will not or cannot afford the research costs but by the Left and environmentalists. Supported by eminent scientists such as Carlo Rubbia of CERN, thorium reactors do not have a chain reaction to go out of control. They rely on a stream of neutrons from a particle accelerator which could be instantly switched off. Using plentiful thorium, they can also “burn” other radioactive materials, including surplus bombs … and high level radioactive waste. Radioactive material decays into stable isotopes, usually lead. Plutonium takes about 100,000 years to reduce to 1/20 of its original amount. Thorium reactors accelerate this process greatly (Accelerated Transmutation of Waste), reducing the volume of waste and the time for which it would have to be kept safe.
A final point: Theo accuses me of ignoring the “proliferation argument”, which he seems to equate with the simple possession of nuclear power. There are many difficult steps to building nuclear weapons and it is clear that these have not proliferated anything like as fast as civil nuclear power. More of a problem is terrorism and here too it is not clear that nuclear power plants are uniquely vulnerable and dangerous targets. More importantly, many conflicts are, and will be increasingly, over resources, particularly as the climate changes. Nuclear bombs won’t be much use in these!
Yet more deaths in the UK fossil fuel industry (four workers killed in a Welsh oil refinery explosion in March; five coal miners killed in Wales and Yorkshire in September) should help put the supposed dangers of nuclear power in perspective. Multiply these figures by at least 1,000 worldwide. According to Environmentalists for Nuclear Energy (www.ecolo.org), environmental opposition to nuclear energy is the “greatest misunderstanding and mistake of the century”. We should be demanding that nuclear power be expanded and improved, rather than phased out.
But let’s demand the safest forms of nuclear power, as well as support for renewable energy research.
Excellent piece by Monbiot: ‘The farce of Hinkley c’
“The bourgeoisie, by the rapid improvement of all instruments of production, by the immensely facilitated means of communication, draws all, even the most barbarian, nations into civilisation. The cheap prices of its commodities are the heavy artillery with which it batters down all Chinese walls, with which it forces the barbarians’ intensely obstinate hatred of foreigners to capitulate. It compels all nations, on pain of extinction, to adopt the bourgeois mode of production; it compels them to introduce what it calls civilization into their midst, i.e; to become bourgeois themselves. In one word, it creates a world after its own image” – Marx and Engels, Communist Manifesto, 1848.
Nothing must stand in the way of Osborne’s “personal mission” to make London a Chinese offshore banking centre and a global renminbi hub.
The Torygraph‘s Michael Deacon gives a pretty fair account of Osborne’s grovelling:
“Long gone, thankfully,” said George Osborne, “are the days when Western politicians turned up here and simply demanded that China open up its economy to Western economies.”
He’s right. Our politicians no longer demand.
The Chancellor’s speech at Peking University, on the first of his five days in China, was almost magnificently obsequious. Lavishly he praised “your great country”, “the depth and sophistication of the Chinese culture”, “the value you place on consistency and stability and on friendship”, and “your Vice Premier Ma Kai, whose reputation for economic reform and diligence impresses all”.
According to his script, available on the Government website, Mr Osborne is delighted that Britain and China have grown more “complimentary”. At first I thought he meant complementary, but on second thoughts I suspect not.
Normally when Mr Osborne encounters something he considers Left-wing – for example, Ed Miliband’s idea to freeze energy bills – he derides it. For some reason however his speech today contained no jokes at the expense of China’s ruling Communist Party. Perhaps he’s saving up those jokes for later in the trip. Although if he does tell them, he may find that the local authorities generously extend his visit. By, say, three or four decades.
Britain, gushed the Chancellor, would be only too delighted to welcome lots of lovely Chinese investment. We couldn’t get enough of the stuff. Not like those rotten Europeans, who “find all sorts of ways of making clear that Chinese investment is not welcome” – heavens, no, don’t invest in their snooty little countries! Invest in Britain! Do come in, sirs! May we take your coats, sirs? And may we recommend a bottle of the Chateau Margaux? On the house, sirs, of course!
His audience was largely made up of students. It was, he gurgled, “an honour” to be among them, “the students who are going to shape the future of the world”. Students who would make advances in technology, build new businesses, create jobs around the world – but more than that. “You,” said Mr Osborne, almost sighing with admiration, “are the students of today who will write the poems of tomorrow.”
And with any luck, they’ll come and open a vast new poem factory in Britain, employing thousands of British youths to mass-produce state-of-the-art villanelles at competitive prices…
Or, to put it another way:
“All that is solid melts into air, all that is holy is profaned, and man is at least compelled to face with sober senses, his real conditions of life, and his relations with his kind.”
Above: from the Financial Times
“As a result of the speech, I believe that perceptions of Labour policy are in danger of being taken backwards. At the business department I tried to move on from the conventional choice in industrial policy between state control and laissez-faire. The industrial activism I developed showed that intervention in the economy – government doing some of the pump priming of important markets, sectors and technologies – was a sensible approach” – Peter Mandelson
Above: puppet of big business
It was, of course, inevitable that Ed Miliband’s modest proposal to freeze energy prices for 20 months would induce howls of outrage from the big six energy profiteers and their mouthpieces – one of whom performed exactly the same service for the banks not so long ago.
Scare stories about the lights going out, and thinly-veiled threats of an investment strike, were entirely predictable from the energy giants, the City, the right-wing media and the Tories.
But doesn’t poor Miliband have the right to expect at least a discreet silence from people who – on paper at least – are in the Labour Party? Obviously not. Loathsome Lord Mandelsnake has emerged from the woodwork to denounce the plan and accuse Miliband of going “backwards” – by which the Snake presumably means being slightly less craven towards big business than he and his boss Mr Blair were when they were in government.
Actually, Miliband’s proposals are pretty weak: what he aught to be promising (especially now in the face of the blackout and investment strike blackmail) is simply to renationalise all power generation and distribution.
And Miliband needs to understand that there is a group of unreconstructed Blairites like Mandelsnake, organised by the ‘Progress‘ outfit, who are absolutely determined to thwart even the slightest suggestion of a leftward shift in Labour policy and don’t give a damn if the Party loses the next election.
Instead of the Tories’ little-Englandism and Miliband’s shameful opportunism, let’s have a working class response to the present European crisis:
14 November: European unions to strike together (adapted from Workers Liberty)
By Ruben Lomas
Trade union federations in Greece, Spain, Portugal, Malta, and Cyprus have called general strikes for Wednesday 14 November.
Unions in France and Italy are also said to be considering calling mass strikes.
The Spanish union federation CCOO aid: “Unemployment, cuts, the impoverishment of the majority and deterioration of public services justify a general strike.”
The CCOO and UGT, Spain’s two main union federations, held a “social summit” with working-class community organisations, students’ unions and smaller trade unions to launch the strike call. Unemployment in Spain has reached 25%.
The European TUC has called for a “day of action and solidarity on 14 November, including strikes, demonstrations, rallies and other actions.”
The 14 November will be the 21st day of general strike action in Geece since 2009. Most general strikes have been for a single day, although some have lasted 24 hours.
This strike call is important. The European-wide natue of the crisis and the capitalists’ austerity agenda cannot be effectively answered by national action . A European workers’ response is necessary.
A day of coordinated strike action will help shift the struggle away from national movements trying to find solutions to “their” national economic crises, and towards a European working class response to a European bosses’ offensive.
14 November wil not be a magic bullet. As the Greek experience shows, even a series of general strikes do not necessarily topple governments or force them to change course. What they can be is a focal point and a platform for coordinating resistance.
In each European country, scialists must organise for the maximum possible rank-and-file control over the strikes. The direction of the action must be decided by the requirements of workers themselves, not some schema of the union bureacrats. Anti-EU posturing, letting national ruling classes off the hook (a favourite activity of Stalinist and nationalist anti-EU fanatics), must be avoided at all costs.
A European general strike as a one day spectacular, an excercise in letting off steam, will be a futile and counter-productive excercise.
In Britain, socialists and serious trade unionists should fight for our unions to be involved. Where possible, existing disputes should schedule action for 14 November.
If it’s not logistically possible, or doesn’t make industrial sense, to strike on that day, other actions should be organised.
Stewards should call workplace (or after work) meetings to discuss potential disputes and, in the public sector, a fightback against the pay freeze.
Lobbying the TUC to call a general strike on 14 November is unrealistic and counter-productive. All serious militants know that even a freak “general strike” call from the TUC would not, presently, get a response from the rank and file.
Instead, 14 November should be the focus for action that can be achieved around existing disputes, with socialists emphasing the European-wide nature of the crisis that we all face.
Calls for withdrawal from the EU can only be a nationalist distraction from what we need to say and do within the working class and society as a whole at the moment.