No member of the working class needs to wade through the press or listen to television and radio to realize that living standards have taken a sharp plunge over the last four years.
A reading of Labour’s two manifestos issued for the elections of 1974 shows what has happened to Labour’s attempt to make capitalism work for the benefit of the majority of the people.
Remember how the slogan “Back to Work with Labour” was used as a piece of propaganda against the three-day week, which large sections of industry were working under the Tories prior to the election. The one-and-a-half million unemployed, and thousands of other workers whose jobs are threatened, know that the alternative slogan “Out of Work with Labour” would be far more accurate. In both manifestos there was the inevitable electioneering talk about the need for “social justice.” The Labour Party claimed that this could be achieved under capitalism. It talked of the “need to tackle rising prices”, “to strike at the roots of the worst poverty” and “to make the country demonstrably a much fairer place to live in”.
In the February 1974 Manifesto, Labour pledged itself to “introduce strict PRICE CONTROL on key services and commodities”. Efforts were to be made to stabilize food prices and the use of subsidies was proposed. Significantly, these promises were dropped from the October 1974 Manifesto.
The result of Labour’s attempt to control inflation has of course been an annual inflation rate rising to 26.9 per cent, at its height. At present it is 17.6 per cent. The Labour government has misled some people into believing that it can control rising prices. A Government White Paper issued in July 1975 declared: “By the end of 1976 price increases will be down to less than ten pence in the pound”. However, prices were rising by fifteen pence in the pound at the end of 1976.
What of the Labour Party’s talk of “social justice’ when Lady Beaverbrook can spend £8,000 to charter a special plane to take her two poodles to New York? According to a report published in December 1976 by the Child Poverty Action Group, thirteen million people in this country alone are living close to the Supplementary Benefit level which the government officially recognizes as being a state of poverty.
But the working class will be making a great mistake if they believe that the Tories can do any better. In April 1972, under the Heath government, unemployment passed the one million mark for the first time since 1940. Under the Tories, workers had to put up with wage restraint and rising prices just as under Labour.
The present economic crisis shows that capitalism cannot be controlled. During the boom period of the 1950s, all the major parties, Labour, Conservative, Liberal and “Communist,” were under the illusion that it would be possible for governments to “spend their way out of trouble”. The Socialist Party of Great Britain said at the time that this Keynesian solution to economic and social problems would be doomed to failure because capitalism is an anarchic system which repeatedly passes through boom and slump periods. The history of capitalism over the last two hundred years makes this abundantly clear.
The leading politicians with all their talk of “national unity”, “increasing productivity” and everyone tightening their belts, are bankrupt of ideas. None of them can offer anything to the working class.
It is possible to say that capitalism was once a revolutionizing system which expanded the machinery of wealth creation. However, the twentieth century has shown that capitalism has outlived its usefulness. It is in many cases destroying wealth, and constantly prevents wealth being produced. Fruit and vegetables are regularly ploughed into the ground, factories are closed down with machinery left idle, while millions of workers are unemployed. Privilege continues while there is worldwide poverty. All this for the sake of the great capitalist god, profit, which benefits only a small minority of the population.
What is the alternative to this madness? The case put forward by the Socialist Party of Great Britain is clear and concise. The alternative is Socialism. It involves the democratic ownership and control of the factories, agriculture and wealth-producing and distributing agents by the whole community. Socialism will be a truly worldwide system.
Vincent Otter
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