Capitalism at work (1974)

From the June 1974 issue of the Socialist Standard

The 70th anniversary issue of the Socialist Standard carried throughout its pages a series of snippets from old Socialist Standard articles highlighting the SPGB's unique position on issues of the day. Where possible, I've provided a link to the full article.

 

“The facts are, we believe, that in value the export of British cotton to India, for instance, is now greater than in 1913, but the volume is from various causes very greatly less the volume exported in 1913. This state of things is al very well for the banker and the financier; it is ruin to the unfortunate operative who is on permanent short time; because to him, the volume manufactured is everything. But there must be something wrong with a system in which a trade can flourish financially while the people who are engaged in it are in desperate straits, and in which the prospect of ample raw material takes on the air of a positive calamity.” (Daily News, 11th August 1926.)

We have said this often. Now they say it perhaps it will carry more weight.

[From “Ruined by Riches”, Socialist Standard, September 1926]