Capitalism
The world we live in is a world of contradictions. The environment is in a state of decline, yet industry continues to pump pollutants into the atmosphere whilst non-polluting technologies are neglected. Thousands starve, while food stocks remain unused. We can communicate with strangers from all around the globe, yet no-one knows their neighbour. Automation could free us from labour, yet we are chained to the machine. We live amongst vast material possibilities, yet poverty is the universal experience - not just in the narrow economic sense but also in terms of the quality of lived experience. “Never in history has there been such a glaring contrast between what could be and what actually exists.”
In this pamphlet we shall identify the essential features of capitalism and then go on to discuss state capitalism and the nature of the capitalist class. We shall be describing in Marxian terms, concisely but thoroughly, the economic mechanism and set of social relationships that constitute capitalism. We believe Marx’s analysis to be in general still valid even if, the institutional forms of capitalism have changed from those of Britain in the nineteenth century which Marx studied.
Confusion about banking operations and the power of bankers has been in evidence for a long time. It was known before 1848, and that year saw the publication of two works putting opposite points of view. One was Lectures on the Nature and Use of Money in which John Gray outlined a scheme which was the forerunner of the Social Credit Movement founded by Major Douglas in the nineteen twenties. The other was John Stuart Mill’s Principles of Political Economy which contained the following:
This text is taken from chapter 1 of the larger work “The Eclipse and Re-Emergence of the Communist Movement”, first published by Black & Red in Detroit in 1974. This chapter was reprinted in the mid 1980's as “What is Communism?” by Unpopular Books in London. A shorter, revised edition of the whole work was reissued by Antagonism Press in 1997.
This text follows the 1974 edition incorporating the additions from the 1997 version in square brackets.
Communism is not a program one puts into practice or makes others put into practice, but a social movement. Those who develop and defend theoretical communism do not have any advantages over others except a clearer understanding and a more rigorous expression; like all others who are not especially concerned by theory, they feel the practical need for communism. They have no privilege whatsoever; they do not carry the knowledge that will set the revolution in motion; but, on the other hand, they have no fear of becoming "leaders" by explaining their positions. The communist revolution, like every other revolution, is the product of real needs and living conditions. The problem is to shed light on an existing historical movement.
