Trade abroad (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.

Sir Walter Runciman writes :

“Now that peace is signed, the first necessity for the British Empire and for the whole world is to get trade going everywhere. . . . Only by a full stream of trade can the flow of food and goods between all peoples wipe out hunger, misery, and unemployment, and possibly anarchy.”

Capital lying idle is unfruitful, but capital employed in trade brings in rich returns, hence the anxiety of the profit seekers to get on with the business. That a full stream of trade will will wipe out hunger, etc., is the usual delusive humbug of the employing class.

[From “Peace—Competition—War”, Socialist Standard, August 1919]