Thursday, June 18, 2015

Marxism and Humanism (1959)

Book Review from the June 1959 issue of the Socialist Standard

Is Marxism a Humanism? By Charles Taylor, ULR, 1s.

(See Part 2 here.)

This pamphlet by an editor of Universities and Left Review starts so many hares running that one wondered whether in the end it would turn out to be a kind of wild goose chase. We cannot say that in the pursuit, we have all Mr. Taylor's hares in the bag, but we did manage to catch one or two remarkable specimens.

To begin at the end. Mr. Taylor's conclusions are that as a humanism, Marxism is inadequate. A true humanism, he says, must regard men as ends in themselves, never as means to an end. On the question of end and means he believes Marx's position to be ambivalent. Marx's primary concern, he argues, "was the smashing of Capitalist relations." From this a Socialist society would then be built up and only when this was done would Socialist man or truly human relations, emerge. This is the classic Communist formula for the "proletarian revolution."

Given then the assumptions of an over-riding political authority—an elite—to put all this into effect, he continues, might not the ruling authority in pursuit of this end, be tempted to subordinate everything, including men, towards its attainment? Might not a state of affairs come about in such a situation where the maxim prevails — "the end justifies the means"? And might his not mean that men themselves could become merely a means to an end, which in turn brings about an end different from the one originally intended. Marx, thinks  Mr. Taylor, never resolved this conflict between ends and means which involves a contradiction between Marxist practice and Marxist ethics.

This, we believe, boils down the essence of Mr. Taylor's vague and diffuse treatment of the subject.

"The Revolution Betrayed"
Mr. Taylor offers Soviet Russia as the classic example of where this sort of thing happened. His Marxist motif has the orchestral background of—"The revolution betrayed." It seems we are asked to believe that what took place in Russia in 1917 and the projects put through by the Bolsheviks, would have met with Marx's approval. Mr. Taylor assures us that there are elements of Marxism in Stalinism and further these "elements" provide the latter with a theoretical justification.

Finally, Mr. Taylor believes that Marxism fails as a humanism because of its insistence on class loyalties. Thus generates hostility towards those who do not share them and leads to the dictum that those who are not with us are against us. In this way, he argues, barriers arise between different sets of men. He urges that we must strive to enter into full human relationships with all men, irrespective of differences of outlook, attitudes and presumably interests. Unless we are able to do this, he thinks, no worthwhile social future is possible.

His own recipe for true humanism consists of the time honoured ingredients, universal good will, brotherly love and the fullest expression of the individual. These are the ethical foundations for building the New Jerusalem. For the class ethics of Marxism he offers the classless ethics of Christ and Kant.

Over a century ago there came into being an order of a kind of Socialist monkhood whereby it was proposed by example, incantation and prayer to chant the way to the promised land. In this year of grace we seem to be witnessing its revival.

We cannot, of course, accept the assumption that a Socialist society was in process of being built up in Russia. Our views on what took place in Russia are too well known to require a detailed exposition here. What we can say is that when Lenin as early as 1921 blurted out that "State Capitalism exists in Russia," he blurted out the truth. When he added "State Capitalism in the interest of the working class is Socialism," he blurted out the clumsy but classic lie of all labour apologists. State Capitalism, it was in Lenin's time, in Stalin's time and State Capitalism it still is.

The Alienation of Labour
Mr. Taylor tells us that Marx at least wanted to abolish a state of affairs which has brought about what he, Marx, called "the alienation of labour" or to state it another way, the excessive division of labour which is an integral feature of the extant productive system. A division of labour which has such crippling effects on the working capacities of men and their productive potentialities and which disintegrates human personalities by transmutation into a single function and imposes on labour an exclusive activity. That is true. Above all things Marx and Engels insisted that this system with its division of labour must be replaced by a social organisation where there will be "no exclusive circle of activity and where it will be possible to engage in a many-sided productive activity and to do one thing today and another tomorrow." So important is this question of the alienation of labour to the assumptions of Marxist ethics that we propose to deal with it more fully in the next issue.

What we can say here is that of the "alienation of labour" is the hall mark of Capitalist production, then "re-unification of labour" will be the characteristic of Socialist production. It was, however, the task of Lenin and Stalin via the instrumentality of the dictatorship to accentuate and accelerate this alienation of labour; to attempt to develop at breakneck speed the division of labour essential to Capitalist production. Not to integrate the human personality in the productive process, but to disintegrate it. Lenin's formula for the alienation of labour was the ironic equation, American efficiency plus electrification—Socialism.

Social Revolution
In their attitude to the role and function of the working class, Marx and Engels were worlds apart from Lenin and Stalin. Marx and Engels declared that the social revolution could only be the self-conscious movement of the self-conscious majority. Lenin believed that it would be directed by "the green table intellectuals." Marx said, "to fit the workers for their historic task of inaugurating the new society would require years of patient educational work." Lenin on the other hand stated that "If we wait for the people to understand Socialism we shall wait a thousand years." Engels tell us, "Marx and I rely on the intellectual maturity of the working class to achieve their emancipation." Lenin, on the contrary asserted, "the proletariat can never advance beyond a trade union consciousness."

It is true Marx in the Gotha programme talked about the lower and higher phases of Communist society. Of the latter, Engels tells us, "a really human morality which transcends class antagonism and their legacy in thought becomes possible only at a stage of society which has not only overcome class contradictions but has even forgotten them in practical life," and there is nothing wrong with this view. Both Marx and Engels looked forward to the expediting of a state of affairs, where "the enslaving subordination of individuals under division of labour and the antithesis between intellectual and manual labour had vanished" and where "labour had become not merely a means to live but the primary necessity of life itself."

What a tragic travesty has the so-called Socialist revolution in Russia made of Marx and Engels conception—of the truly human condition of the species. Once long ago Lenin in his more indulgent moods, spoke of "the withering away of the state in a Socialist society." It is not the state which has withered away in Russia—only the concept has withered.

Marx and Engels were uncompromising equalitarians. "From each according to his capacity to each according to his needs" remains the greatest ethical contribution to the humanistic ideal. Not only did they share the humanitarian ideals of the great Utopians of the past, they did more, they joined Utopia to science.

Soviet "Equalitarianism"
Lenin and certainly not Stalin were never unqualified equalitarians. It is true Lenin in the early days of the revolution laid down in principle that no State official should receive a higher income than the average wage of a competent worker. But even so, Lenin was also concerned with the fact that he did not want to see the newly formed State apparatus degenerate into a kind of bureaucracy which he was apprehensive about.

Actually the demand for a much more drastic equalitarianism came "from below," a demand which Lenin resisted. It was under the New Economic Policy introduced by Lenin that inequality of remuneration became more marked and under Stalin's "Socialist" regime these inequalities became even more glaring than those of Western Capitalism. It was finally left to Stalin a few years later to denounce equalitarianism as "a petty bourgeois deviation" and a crime against the State. After that the mass of workers were indoctrinated into the belief that inequality of remuneration was a fundamental Socialist principle.

Little wonder that the aging Fabians, Mr. and Mrs. Webb, set the seal of Fabian approval on Russia in their work, "Soviet Communism" and Bernard Shaw declared Lenin's N.E.P. "to be the carrying out of Fabian policy."

We will not apologise for spending so long a time in discussing the antithetical differences between Marx and Engels and the Soviet ideologists who spoke in their names. Because Mr. Taylor has taken to task what he believes to be the contradictions involved in the Marxist ethics and its inadequacy as a humanism and has at least in part sought empirical demonstration of his theme in Soviet practices, we felt it necessary to clear the ground for assessing his reasons for the failure of Marxism to achieve a true humanistic level. For that reason we shall in the next issue attempt to show that although the Marxist ethic is a class ethic it in no way conflicts with the aims and ideals it sets out to achieve—the truly human society or socialised humanity.
Ted Wilmott



After eight (1978)

Film Review from the May 1978 issue of the Socialist Standard

Alain Tanner's Jonah who will be 25 in the year 2000 centres around eight people, all of whose names begin with the letters "Ma"—presumably a reference to May 1968, which in another sense is that the film is really about.

Max is a Trotskyist, and for him everything since 1968 has been an anti-climax. He is brought back into political activity when he finds out about a scheme by some bankers to force some farmers off their land and later sell it at a huge profit. Max persuades the farmers not to sell, and thereby becomes friends with two of them, Marguerite and Marcel.

Although the film is not clear about this, it seems that this act of resistance to the profiteering businessmen is successful. But attempts by the other characters to behave differently—however slightly—from the way that society expects them to all come to nothing. Marie works at a check-out in a supermarket: she undercharges customers who can't afford to pay for all their purchases, but gets sent to prison. Marco is a history teacher and tries, with the help of some of the other characters, to teach his students about crises and inflation — and is sacked for his pains. Mathieu organizes his own school for the farmers' children, until he is eventually stopped by Marguerite, who tells him that she employs him to shift manure not to teach her children (she already pays taxes for that purpose, she says). The only character who achieves some kind of contentment is Madeleine who deceives herself in religious mysticism.

So at one level the film shows the pointlessness of individual tinkerings with the social set-up. But what it doesn't do, at least not directly, is to indicate any positive solution. True, there are a few references to class struggle (but also quotes from Rousseau about man being "everywhere in chains"). The background of inflation is emphasized at the beginning and the end of the film, while Marcel is concerned with ecology, especially the preservation of rare species of animals. But the pervading influence of 1968 suggests that this is what is held up as a model to follow. In fact, the events of May of that year were in sense revolutionary, just an instance of popular working-class action on the industrial front, aimed at wage increases.

Mathilde is pregnant with the Jonah of the film's title. The film contains some well observed scenes and in places is very funny but a major weakness is that nothing is said to point the way towards marking the year 2000 (or—let's be optimistic—well before then) one in which the frustrated dreams of its characters are no longer necessary.
Paul Bennett


Rosa Luxemburg (1991)

Book Review from the June 1991 issue of the Socialist Standard

Rosa Luxemburg. By Wendy Forrest. (Hamish Hamilton. £6.99)

New on the shelves of the children's section in the local public library, one of a series "In Her Own Time", is this book on Rosa Luxemburg. Contrary to the perceived correct behaviour for women of her time, Luxemburg did not wait at home for a husband and children to look after, but campaigned for socialism, was imprisoned and finally murdered. The book is a breath of sanity among the usual mind-bending and cobwebbed Never Never Land found on children's bookshelves. It is especially encouraging to see children introduced to Luxemburg's definition of the cause of war, so relevant today: "The fight against militarism cannot be separated from the socialist class war as a whole . . . Wars between capitalist states are as a rule the result of their rivalry for world markets . . . Wars are therefore inherent in the nature of capitalism; they will only cease when capitalism is abolished".
Eva Goodman 

Letter: Who's Spreading Confusion? (2015)

Letters to the Editors from the June 2015 issue of the Socialist Standard
Dear Editors
I wish I could say thank you for your review of my book The 1% and the Rest of Us (May Socialist Standard). But I can say thanks for bothering to read the book. So thanks.
I'm sorry, however, that you are extremely misguided and it is people like you who fail to do proper research that keeps up the confusion around money and the problems faced by the working classes of this world. How we produce money in our society and how it is allocated is of incredible consequence for inequality and the future of the planet (e.g. what we invest in like energy/food/shelter etc). Your review gives me little hope that this one day might be addressed based on evidence rather than conjecture.
Not only does Martin Wolf of the Financial Times recognize that banks create money out of thin air but so too does Positive Money (I wonder whether you even visited their site or read their literature) among many others who have bothered to actually do research rather than pontificate out of conjecture on the web.
Moreover, I wrote my book in late 2013 early 2014, which Zed's production team did not get out until this year. What we have known for a while thanks to various statements, leaks and logic, has now been empirically confirmed and published in the peer reviewed journal: the International Review of Financial Analysis in late 2014 (when my book was already in press, hence it is not cited). It is written by Richard A. Werner from the London School of Economics which you may or may not be familiar with.
As it turns out, banks do indeed create money out of thin air when they make a loan. It appears as an asset on their balance sheet and a (deposit) liability for the borrower. No reserves are checked with the central bank and money does not move from a saver to a borrower.
I doubt you have seen or heard of the article or probably care given your penchant for Biblical Marxism and love of this 19th century economic religion.
So, given the evidence (of which you martial [sic] absolutely none) the bad news is that your review is bad . . . really bad. In an honest world, after you've actually considered the evidence you'd retract your review, or at least amend it. But following the Church of Marx and blind faith might be easier for you.
I just wish you'd stop spreading confusion. 
Cheers mate,
Tim Di Muzio, Editor, RECASP, Senior Lecturer, School of Social Inquiry and Humanities
University of Wollongong, Australia.
________________________________________
Reply: 
We are well aware of the theory put forward by Richard Werner and discussed it in, for instance, the October 2012 Socialist Standard. Incidentally he is not ‘from the London School of Economics’ except that he once studied there. We also know of Positive Money and have in fact debated against them (video recording here).
You appear to be unaware that there are two rival theories which claim that ‘banks can create money out of thin air’. One, favoured by Martin Wolf and Positive Money among others, that it is only the whole banking system including the central bank that can do this. The other, favoured by Richard Werner and wilder currency cranks generally, is that an individual bank can do this, and have done so since banks first came into existence. We don't agree with using the term 'out of thin air' as it is confusing and opens the door to all sorts of currency crank ideas.
The empirical study you direct us to (of a small savings bank in Germany) by Werner is entitled 'Can banks individually create money out of nothing – The theories and the empirical evidence', to which he replies:
'This study establishes for the empirically that banks individually create money out of nothing. The money supply is created as ‘fairy dust’ by the banks individually, "out of thin air".' (www.sciencedirect.com/science/article/pii/S1057521914001070)
In fact it doesn't show this, but merely that when a bank makes a loan those in charge of granting it do not check that the bank has the money in its reserves. This may well be the case for individual loans, but it doesn't go on to examine what then happens afterwards. The March 2014 issue of the Bank of England Quarterly Review provides an answer, as well as confirming our view that banks don’t make profits by simply creating money from nowhere and charging interest on it:
‘A bank’s business model relies on receiving a higher interest rate on the loans (or other assets) than the rate it pays out on its deposits (or other liabilities). (...) The commercial bank uses the difference, or spread, between the expected return on their assets and liabilities to cover its operating costs and to make profits (…) In order to make extra loans, an individual bank will typically have to lower its loan rates relative to its competitors to induce households and companies to borrow more. And once it has made the loan it may well ‘lose’ the deposits it has created to those competing banks. Both of these factors affect the profitability of making a loan for an individual bank and influence how much borrowing takes place. (...) therefore try to attract or retain additional liabilities to accompany their new loans. In practice other banks would also be making new loans and creating new deposits, so one way they can do this is to try and attract some of those newly created deposits. In a competitive banking sector, that may involve increasing the rate they offer to households on their savings accounts. (…) Alternatively, a bank can borrow from other banks or attract other forms of liabilities, at least temporarily. But whether through deposits or other liabilities, the bank would need to make sure it was attracting and retaining some kind of funds in order to keep expanding lending.’
In his study Werner doesn't appear to have asked the managers of the small German savings bank he studied whether they felt they could go on indefinitely creating 'fairy dust' loans of €200,000.
Nor does he state what happened to the bank’s balance sheet when he repaid the loan they granted him as part of the experiment (as presumably he did).
It is repeating currency crank theories and advocating banking and monetary reform that is spreading confusion. The solution to the problems facing the wage and salary working class the world over is not Monetary Reform. It lies in making the means of wealth production commonly owned by all, which would make banks and money redundant. – Editors.


INLA feud—gangsters big and small (1988)

From the January 1988 issue of the Socialist Standard

A feud between the factions of the Irish National Liberation Army (INLA) has ended in death for many and will undoubtedly see the same end for many more. To the bystander, the whole episode seems a bit confusing as it is difficult to understand why those with apparently the same political objectives devote their time to murdering each other. The fact is that this feud has nothing to do with politics. This is not a disagreement over differing political principles or tactics; this is a gangland feud about control over the spoils of protection rackets and other gangland activities.

There has never been any doubt that paramilitary organisations have been up to their necks in racketeering since they became powerful and intimidating forces in their communities. They act as a self-appointed police force, dishing out punishments like kneecapping to young people considered by them to be involved in anti-social behaviour. The IRA and UVF are not strangers to the back entry courtroom where the "soldiers of liberation" become jury, judge and executioner over some young fellow who broke into a shop without their permission. In contrast, they ensure that where racketeering does take place, it is done under their control and with the organisation creaming off the benefits.

The INLA had simply brought this to its natural conclusion and had become much more a Mafiosa than a so-called political army. Of course they are content in the notion that their robbing and protection racketeering is for the needs of the movement, an illusion which the leadership is happy to perpetuate. It was only when the division of the spoils became a problem, that they started to blow each other's heads off, each in an attempt to intimidate the other faction. Their style of execution is similar to that of a wild west film where the gunfighter walks into a bar, shoots the victim in the head and cooly walks out again. Men who shared cells together in person are now on opposing sides, both with loaded guns and both intent on killing the other.

To add insult to injury these sad people have the gall to call themselves socialists. There is no need to waste space in this journal explaining to our readers that these anti-working class "heroes" are simply Irish nationalists, bent on "convincing" any opposition through the barrel of a gun. They have nothing to do with the principles of democratic socialism.

One important observation must be made about this feud. It's easy enough to dismiss it as a crowd of self-interested gangsters going around murdering each other, but what is the difference in what they are doing and what the forces of the State do? When governments "fall out" over trade routes or areas of strategic interest they are simply arguing over who is going to administer the robbery of the working class in a particular area — through the swindling economics of capitalism. The fact that the conflicting sides in these feuds wear nicely tailored uniforms and fly expensive war planes does not make it any less a feud. Dropping a bomb on a city, killing thousands of innocent people only differs from the INLA feud in that it is done on a bigger scale. 

The INLA are only amateur copycats of the lessons taught by Big Brother — the State. When the factions of the INLA disagree as to who is going to put the screws on a couple of shop-keepers, they shoot each other until one side wins. When the government of one country falls into irreconcilable dispute with the government of another country over who is going to put the "screws" on the workers, then they send in their armies, gullible workers, trained and paid to kill, to slaughter each other until one side wins.
(Reprinted from Socialist View — World Socialist Party of Ireland)

Wednesday, June 17, 2015

American Tour (1961)

Party News from the December 1961 issue of the Socialist Standard

At the beginning of September I visited the World Socialist Party Conference in Boston as a delegate from the Socialist Party of Great Britain.

The Conference lasted two days and the subjects that came up, concerning reviews of past activities and methods of improvement and increasing propaganda efforts in various directions, were discussed at considerable length, with enthusiasm and also, at times, with some heat! Owing to the vast distances between branches and groups over there the delegation present was of necessity not large.

At the outset taped and written greetings from all over the world were heard and read. Then various reports of the year's work were given. These showed a 100 per cent increase in subscriptions to the Western Socialist, an increase in the number of articles coming in for the paper, and a general resurgence in activity, particularly in Canada. The sending out of letters to Libraries and Colleges during the year had brought excellent results. A proposal to produce two new Pamphlets, one on the Materialist Conception of History and the other on The WSP: What it Stands For, was referred to the Editorial Committee for attention.

A Conference Social was held at a member's house on the evening of the first day of conference. It was a very pleasant, comradely and lively affair, attended by about fifty members and friends.

On September 5th I left for Detroit, accompanied by comrades Rab and Orner, and we held three meetings there. They were small but interesting with plenty of questions. On the fourth evening there was a meeting at which a proposal to form a discussion group was agreed to. I have since learnt that the discussion group has made a very good start, at a place that has been rented, and a large number of interested people are attending it. The members concerned have put in a lot of time and energy to ensure its success. It appears to me that it is a method that could be widely copied.

On September 9th I left for Vancouver and Victoria—Comrades Rab and Orner going on to Chicago. On the morning of the 11th I was given a long newspaper interview in Victoria and a brief TV interview—it was cut short because of mechanical difficulties during the recording. The next day there was a good meeting in Victoria with plenty of questions and some opposition. There was a short disturbance at this meeting on account of the interruptions of a local celebrity. However this resulted in some considerable newspaper publicity.

After the Victoria meeting I went up the coast of Vancouver Island to Nanaimo, about 80 or so miles. I had an interview with the editor of the local paper and spoke at a meeting in the evening—not very well as I was feeling very tired. However there were interesting questions, particularly from some young people and discussion. Comrade Stafford, a man 84 years old, proposes to run classes there—he writes regularly to local papers. After the meeting we had a hectic drive back to Victoria, arriving at 2 a.m.

The next meeting I spoke at was in Port Alberni, about 40 miles beyond Nanaimo. This was also a small but good meeting. One or two people came a long way to it. There was also an excellent report of the meeting in the local paper. The following day, Saturday, I left Port Alberni for Vancouver.

Before finishing with Vancouver Island I must express my appreciation of the excellent work being done there by Comrades Luff, Jenkins, Tickner and Poirier. The last three just swept me off my feet with their energy—they travelled to Nanaimo and Port Alberni to post bills and distribute leaflets advertising the meetings, as well as arranging for newspaper interviews and attending the meetings. They also received considerable help from sympathisers.

On September 16th I left Port Alberni for Vancouver. Comrades J. and M. Ahrens, Watkins and Cannon had been busy with Radio, TV, and the newspapers. In spite of strenuous efforts they were unable to get me on TV, but succeeded with Radio. They also sent out 150 letters advertising the meeting there and asking for financial support—they got in over 200 dollars.

I had a ten minute interview on the Radio—Webster's Channel, and appeared on "Town Meeting"—a radio meeting that I understand goes across Canada and down into the northern part of the States. This was probably the best part of the tour. I appeared with three others—budding MP's—and we each had to supply a copy of the script which we read at the meeting. Mine lasted about nine minutes. Then we were given a short time to answer each other. After a short break in the radio whilst questions were collected from the audience, we each answered questions put to us by the audience, and then were given a short time to sum up. The studio was crowded with about 135 people and the subject we were speaking on was "What Future has Socialism in Canada".

The meeting that had been arranged in Vancouver was not large but there were plenty of questions and discussion. At the end of the Vancouver visit, Comrades J. and M. Ahrens took me for a long week-end to a bungalow they had built in the mountains where I was re-vitalised for the rest of the tour. I should add that the members are making strenuous efforts to get an open air meeting place in Stanley Park.

On September 26th I left for Winnipeg. There were two meetings there but the attendance was not good—possibly because the weather was perishing cold,  about 20 degrees. However I was glad to renew acquaintance with old members and sympathisers there, who went out of their way to make my stay as pleasant as possible—and it certainly was, in spite of the cold! Winnipeg has changed over the years. Old members have died or moved west and south-west, leaving the others to carry on under great difficulties. Some of those who left were active speakers.

On October 2nd I left for Toronto and Comrades S. and G. Catt and Comrade Brodie met me at the airport—literally falling on my neck! They are very much isolated there, but are doing a very good job stirring things up. An open discussion group has been formed not connected with any political party in which every week one of the members reads a paper, which is then discussed. I was invited to address the group. After I had opened up, questions were addressed to me for about 1½ hours, and then there was discussion. The business started around 8.30 p.m. and finished at 11.30 p.m. It seems to me to be a well worthwhile effort. There are 21 members of the group and another 16 wish to participate.

On October 5th I left for Montreal late at night. Comrades George and Karla Ellenbogen have recently gone to live there and started stirring things up. I stayed with them, and the morning after my arrival the fun started. In the course of the morning three newspaper interviews were given and two TV. The whole of it lasted over 4 hours. Two leading French newspapers gave excellent reports running to about 1½ columns. There were also three English newspaper reports and one in the McGill University paper. The meeting in Montreal was excellent with plenty of questions and discussion. There should soon be a branch of the Socialist Party of Canada there and also in Toronto. I should also add that I was taken on an excellent trip to the Laurentian mountains about 100 miles north and south along the Richelieu river. The autumnal colours were very good.

On October 10th I left for New York. There again I was glad to renew acquaintance with old members I had met on previous visits—including Comrade Orner, who is endowed with superlative energy. The meeting there was better than on my previous visits. The questions were slow in coming but there was plenty of discussion. I met a number of sympathisers, including a seaman who had met our comrades in London at the Russian Exhibition, and now wanted to join the WSP which shows how seeds sown at a venture can flower in distant places.

The New York members of the WSP meet regularly and open-air meetings are being held in Greenwich Village.

On October 14th I left for Boston. Comrade Morrison had worked like a trojan and got me in two Radio programmes—one over the phone. Both were quite good - one lasted nearly a quarter of an hour and I have brought the tape of it back with me. Unfortunately Boston had received reports that I was in a bad way physically (in fact I was in excellent condition!) so they did not go out their way much to advertise the meeting there. There was a good attendance of members and sympathisers. I gave a talk on the tour. Arising out of something I had said (nothing to do with the tour) there was an excellent discussion relating to war and the H-Bomb, in which there were contrasting views expressed.

There is a great deal I have missed out of this report on account of the limitations of space, and many members and sympathisers who gave me a warm greeting, but whose names I have had to leave out. I would like them all to know how much I appreciate what they did for me.

During the last weeks in America I stayed with the Rabs, and I have to thank them for the warmth of their hospitality and the way they put themselves out to see that I had rest and recreation, including some lovely trips to see the magnificent autumn plumage—I have never seen anything like it before. Members here will also be glad to know that Comrade Gloss is well again and back in harness. He sends his greetings to all he met here on his visit (so also do Comrades Rab and Milne) and hopes to make another visit soon.

Finally I found in the States and Canada plenty of sympathy for our outlook, as shown in the questions and discussions, much more than on my previous two visits, and the future for Socialism is certainly brightening up on the other side of the Atlantic.
Gilmac.

The nature of Russian capitalism (1986)

Book Review from the August 1986 issue of the Socialist Standard

The Soviet Union Demystified by Frank Furedi, (Junius Publications, 1986, £5.95)

This book is not as bad as its front cover - a mystifying photo of Russia's first post-Tsarist dictator Lenin stroking a cat - suggests, even if it is written by a member of the Trotskyite sect, the "Revolutionary Communist Party". The author's knowledge of Russian has allowed him access to first-hand sources about the way the Russian system works and some interesting facts are to be gleaned here and there, but all this is undermined by the mistaken conclusions he draws from these facts.

Nowadays the original trotskyist nonsense about Russia being a "degenerate workers' state" is so absurd that most modern trotskyites dare not defend it; instead they argue that Russia is some new form of society that is neither capitalist nor a "workers' state" (whatever this contradiction in terms might be) and this is the basic thesis of this book.

Furedi gives as some of the reasons why Russia cannot be described as capitalist that labour power is not a commodity. He claims: "Soviet workers do not sell their labour power - labour power is not a commodity, and there is no market in labour". But if this is the case then it is not legitimate even to talk of there existing in Russia a working class in the Marxian sense of a propertyless class forced to sell its labour power for a wage or salary in order to live. The producers in Russia would then have to be described as "state slaves" or "industrial serfs" or some other term denoting their position in the new, non-capitalist social system that supposedly existed there.

But Furedi does not go this far and continues to speak of a working class existing in Russia. This is a concession to the facts which undermines the whole of the rest of his theory. No one can deny that there exists in Russia a class of people who are excluded from ownership and control of the means of production and who, in a monetary economy, depend for their survival on the money received from the sale of their mental and physical energies. It is true that the labour (power) market in Russia is not as free as in some other countries — though even Furedi himself cites evidence that enterprises in Russia compete for labour power by offering higher wages and fringe benefits — but workers still sell the only commodity they possess, their ability to work, even if this is restricted by state intervention. It is, if you like, a state-controlled labour market, but a labour market nevertheless. That the Russian producers work for money-wages and that what they produce over and above the value of these wages is appropriated by another group within society is the basis of the Russian economic and social system and a sufficient reason for describing it as capitalist. In fact the terms "wages system" and "capitalist system" are merely alternative ways of describing the same system.

Furedi gets into similar difficulties over the nature of the ruling "group" (to employ a neutral term for the moment) in Russia. According to him, the "bureaucracy" (which corresponds more or less to the famous "nomenklatura") is neither a class nor the caste orthodox Trotskyites describe it as being, but a "political order". He bases this on his view that the bureaucracy has no economic but only  a political, oppressive role within Russian society. But this too is patently absurd: the group which stands between the working class and the means of production and which, indeed, forcibly excludes the workers from these means is said to have no economic role! As a group which monopolises the means of production to the exclusion of the rest of society, the "bureaucracy" is clearly a class in the Marxian sense and as a group which presides over, and benefits from, the accumulation of capital out of the surplus value pumped from the working class through the wages system it is a capitalist class.

In so far as its monopoly rests on its direct control of the state rather than on legal property titles vested in its members individually, it is a collective capitalist class best described as a "state capitalist class", to distinguish it from the species of private capitalists more common in the West. But it is just as much an exploiting, privileged class and Russia is just as much a capitalist country as those which openly admit and proclaim this.
Adam Buick

Tuesday, June 16, 2015

Fighting For Freedom. (1916)

From the August 1916 issue of the Socialist Standard

Since August 4th, 1914, when this country entered the arena of European slaughter, the ruling class have used every means in their power to force working men into the Army on the pretext that the crushing of Prussian militarism would mean freedom, and therefore that the men (some of them, of course) would return to this country much better off than they were before the war. The reason put forward to support this was that a crushed Germany could no longer hold a place in the world's markets, and the trade lost to her would come to this country, resulting in more work and an improvement in the position of the working class.

We Socialists have shown this argument to be false from beginning to end. One has only to enquire into the economics of capitalism and the history of the capitalists themselves to see that they have no more regard for the welfare of the workers than the torpedo has for the ship it is about to destroy. To those workers who think that all will be well when Germany is defeated this article is addressed.

First we must go to the rock-bottom facts that the present system of society is based upon the private ownership of the means of living; that a comparatively few people own and control the means of production and distribution, with the result that the great mass of mankind are enslaved to the owners of these means, which they have to operate in their masters' interests.

It is not for the purpose of providing people with material for heating purposes that miners are allowed to go down into the mines, but simply to make profit for the mine-owners. Houses are not constructed for human habitation, but because the owner knows that there is profit in the business. These examples are typical of the whole capitalist system; profit is the be-all and end-all of it the world over, so much so, in fact, that if some improvement is recommended in the working conditions of the employees which is likely to interfere with the output the improvement is not adopted, though the lives of workers are endangered as a consequence. When the toilers ask for an increase of wages to meet the increase in the cost of living, they are in the main met with a blunt refusal, and should they strike and during the strike dare to touch one particle of their masters; property, even for the purpose of feeding themselves and their dependents, the military are brought out to shoot them at their masters' bidding.

Briefly, then, that is the position of the workers in modern Christo-bourgeois society: divorced from the means of production, working for a subsistence wage, their life is one perpetual fight against starvation from the cradle to the grave.

Politicians at election times talk glibly of the poverty of the workers and hold up some pet nostrum as a cure for the disease. But the poverty-stricken find after they have elected the thieves to power and the so-called remedies are placed on the statute book, their position is not improved one iota.

Small wonder that the position of the workers has not improved, for by returning to Parliament men of the Liberal, Tory, or so-called Labour type  they have voted for the perpetuation of the present system of society, and so long as capitalism lasts poverty, misery, and degradation must be their lot.

Now just as the capitalist politician is prepared to dangle before the eyes of the workers these various reforms in order that he shall be returned to Parliament, so they have been prepared since the war broke out to gull their victims into thinking that by fighting the Germans they would be fighting for freedom, and that none of the evil consequences that have attended other wars would attend this one.

Equally guilty of leading the workers up this blind alley are the so-called representatives of Labour. Most of them have assisted the masters to run the war by using the same dirty, underhand tactics that characterised them in times of peace. Ben Tillett, for instance, who once wasted his breath calling upon God to strike Lord Devonport dead, has been going up and down the country as recruiting sergeant, telling the workers some tales of his experiences on the front and holding up the bogey of "German tyranny" in order to induce men to go and fight the Germans in the interests of the very class of which Lord Devonport is a member. But there are times—although it is not often—when these gentry speak the truth, and having done all he could to get workingmen into the Army, Ben actually has settled himself down to thinking of the position of the workers after the war.

In an article in "Reynolds's" of June 18th Tillett tells us, among other things, that "the eternal struggle between capital and labour is bound to be more acute than ever it has been in the past." With this view we Socialists agree, but what then of the freedom the workers have been fighting for? Where is it? An answer is needed, but a logical answer will not be forthcoming from Ben Tillett and the crowd that, like him, live upon the backs of the toilers. They know their game too well, and a logical reply from them would open the eyes of the workers to such an extent that their occupation would be gone.

We have been told by scores of people that we should no longer see old soldiers selling bootlaces or turning organs. But since when has the attitude of the masters changed so favourably towards our class. Ever since the war broke out the ruling class have taken advantage of the crisis to rob and exploit the workers more than ever. At this very moment there is an agitation to burst up the food rings, smash the milk and other combines and trusts which have shown how much the capitalists are concerned with the welfare of their slaves. So make no mistake about it, fellow workers; the antagonism of interests between you and your masters will no more be wiped away by killing Germans than it was by voting Liberal or Tory after having a ride in a motor car.

And just as you will find the after-the-war conditions against you in this country, so also will the Germans, Austrian, Hungarian, French, Belgian, Italian, and Russian workers find conditions worse than ever after the slaughter is over. Then perhaps you will sit yourselves down and ask in your saner moments what have we been fighting for. We still depend on a boss for a job, still are subject to unemployment and the visit of the bailiff.

Surely, with the existing knowledge and power to produce wealth in abundance, there must be a way out of the difficulty. No human being need suffer poverty and starve in the midst of such prodigious resources as are at mankind's disposal to-day. Society can be so organised that the needs of all can be satisfied. The present system of society must be abolished by the working class, organised in a Socialist Party, capturing the means by which the masters hold supremacy to-day. namely, the political machinery, and using it to take control of the means and instruments of wealth production and distribution. In a state of society based upon the common ownership and democratic control of these means and instruments there can be no conflicting interests to promote war or to breed poverty, because the common interest will bind each member to work for the common good.

Moreover, when you fight for this you fight for something more in conformity with the terms of fighting for freedom; it is, in fact, the only thing worth fighting for.
R. Reynolds

Refusing support for lost causes (1995)

Book Review from the July 1995 issue of the Socialist Standard

The History of the Social Democratic Federation by Martin Crick. Ryburn Publishing. Keele University Press.

A good history of the SDF has long been needed. This is not a good history, but neither is it useless; indeed, the author has clearly spent some time with the archives of the Federation, particularly investigating its local activities in Lancashire and Yorkshire, and there is much within the 300-plus pages which is educative.

Unlike Tsuzuki, whose book Hyndman and British Socialism  was published in 1961, this study recognises that the SDF was more than just Hyndman, much as the latter failed to understand this himself. Hyndman was a racist who has no place in a socialist organisation (the 1900 conference had to pass a resolution condemning his anti-Semitism) and an arrogant authoritarian who could not have survived outside of a small political sect which he controlled. Hyndman has been given too generous a place in the historical record of the socialist movement in Britain.

There are eight references to the SPGB in this book, each of them mean and disparaging. This is par for the course: Crick is clearly the kind of historian for whom the repetition of cliched prejudice comes easier than objective analysis. Otherwise he would have surely pointed out that unlike the SDF, which first sucked into the embryonic Labour Party and subsequently into the formation of the Communist Party, the SPGB resisted support for lost causes and stuck to its revolutionary principles.

Of more detailed historical significance, the few pages devoted to the departure from the SDF of the so-called impossibilists, who were to form the SPGB in 1904, is badly confused. Briefly, Crick suggests that there were three positions within the SDF in the early 1900s: the impossibilists who opposed working in capitalist trade unions; the SDF Left, led by Quelch, who supported activity in the unions but wanted political independence; and the SDF Right (mainly from the north of England) who wanted the SDF to become a trade-union party. Now, it is quite correct that there were SDF members who wanted the SDF to join a trade-union-based alliance, and the Federation did end up joining the Labour Representative Committee for a while together with the Fabians and the rest, but the description of the "impossibilists" is far from accurate.

For a start, the so-called impossibilists were divided between the De Leonists in Scotland, who theoretically at least adopted the position of opposing the existing unions and seeking the formation of socialist unions. In reality, even these people who were to form the British SLP in 1903, realised that times were not propitious for the establishment of separate socialist unions and many of them were active and militant trade unionists in Scotland. As for the London "impossibilists", who were to be active in the formation of the SPGB, it is pure nonsense to state that they were against working in the unions. For example, Jack Fitzgerald and H. J. Hawkins, the two London impossibilists whose expulsion from the SDF helped precipitate the formation of the SPGB, were respectively members of the Builders' Union and a delegate to the TUC three times, and a member of the London Trades Council. Indeed, those who have taken the trouble to research seriously the early history of the SPGB are aware that many of its founder members were militant union members. True, there was an early debate within the party about the need for socialist industrial unions, in which E. J. B. Allen was their greatest advocate (he subsequently became a close friend and comrade of Tom Mann, the syndicalist), but, despite the considerable respect which many early SPGBers, including Fitzgerald, had for De Leon's ideas, the party was committed to a recognition of the class struggle and this necessitated, at least until the political movement was bigger, working within the existing trade unions.

Incidentally, Crick makes much of the SDF's Marxism, but he should remember that Hyndman preferred his own writings to be studied rather than Marx's and there was actually a ban on Marxian economic education within the SDF: Fitzgerald was thrown out partly for running just such study classes. As a lesson for socialists, the history of the SDF, which ended its existence in the 1940s as a pathetic right-wing dinner club for Labour MPs, is that its greatest moment came in 1904 when the real socialists transcended it.
Steve Coleman 

The Passing of a Founder Member (1956)

Obituary from the October 1956 issue of the Socialist Standard

We regret to have to record that our old Comrade Hardcastle passed away on September 15 at the age of 93. He was one of the only two survivors of the group that founded the Socialist Party of Great Britain in 1904.

Comrade Hardcastle attended nearly all of the Party Conferences and was present at the last one. He also attended many of the indoor and outdoor propaganda meetings, putting in a regular attendance at Clapham Common. During the last two years failing eyesight limited his attendance at evening meetings, as it was too much of a risk for him to travel far in the darkness. He was a lively, tough little man, who never lost his conviction of the ultimate success of the movement he helped to start on its journey.

In the last week of the illness that brought his life to a close his brain was still alert and he demanded news of all that was happening in the world at large—including the latest developments over Suez.

Although Comrade Hardcastle did not figure on the platform, or in literary columns, he was a staunch supporter of the Party, who did propaganda in his own way.

The final departure of a loyal old comrade is always a sad event; we send our sincere sympathy to his relatives and the expression of our own sorrow at losing him.

Silk Roads, Old and New (2015)

From the June 2015 issue of the Socialist Standard

Long-distance trade existed well before the growth of capitalism. The Silk Road was a series of routes, some on land and some by sea, that linked China and India to the Mediterranean region. It emerged gradually, so it is hard to date its origin precisely, but it was well-established by the second century BCE. Along it travelled not just Chinese silk to Europe, together with many other goods (pottery, for instance), but also ideas such as Buddhism from India to China.

The original Silk Road was in decline by the 15th century, and Chinese capitalism, in its grab for wealth and power, now has something along similar but far more ambitious lines in mind. Nowadays, though, a great deal of planning and investment has to go into such developments. One such structure is the Silk Road Economic Belt, an overland route through Central Asia, and part of this is the China-Pakistan Economic Corridor. This involves a series of infrastructure projects, costing as much as US $46bn, that will link the Chinese city of Kashgar to the Pakistan seaboard. In addition to roads and upgraded rail lines, this will include an international airport and various energy projects in Pakistan (including wind farms and gas pipelines). In April came the announcement of the first stage, a 720,000-kilowatt hydroelectric power project in the Punjab province of Pakistan, which is expected to cost $1.65bn. It is financed by various state-owned Chinese banks, should become operational by 2020, and will be run by Chinese companies for thirty years.

The other major project is the 21st Century Maritime Silk Route Economic Belt (Maritime Silk Road for short). The plans here seem to be less detailed at present, but they involve a route via the South China Sea, then two separate parts, one to the Indian Ocean and one to the South Pacific. In September last year, President Xi Jinping visited the Maldives and Sri Lanka in order to push this scheme. Sri Lanka has in fact already received $1.4bn from China to improve the port facilities at its commercial capital Colombo, as a rival to Singapore and Dubai. China will also be financing the upgrading of the Maldives’ international airport and the improvement of transport links within the island chain.

The two umbrella projects, the Silk Road Economic Belt and the Maritime Silk Road, are known collectively as the Belt and Road Initiative. The intention is that, within a decade or so, trade between China and the Belt and Road countries will be over $2.5 trillion. However massive the investments are, the hoped-for profits are even greater. The funds come from various Chinese investment vehicles, such as the Silk Road Fund, and banks like the Export-Import Bank of China. Economics and politics are of course closely linked, and co-operation in terms of security and coastguard operations will all be part of the deal with the aim of reducing tensions and disputes over maritime resources.

The area for the envisaged Economic Belt has a population ‘close to 3 billion people and represents the biggest market in the world with unparalleled potential’, Xi said at a talk in Kazakhstan in September 2013. As for the maritime route, a Cambodian minister stated last year that for China and nations in South-east Asia, ‘it is necessary to build a maritime silk road in order to bolster economic cooperation, particularly in the fields of trade, investment and tourism’.

So the Chinese ruling class’s plans for economic expansion and rivalry with the US cover not just the other BRICS countries (Brazil, Russia, India, South Africa), but also Pakistan and other places in Central, South and South-east Asia. Capitalist competition is forging new struggles over trade routes and resources. 
Paul Bennett

Scottish Home Rule. (1927)

From the February 1927 issue of the Socialist Standard

One of the favourite futilities of the Clyde group of Labour M.P.s is to advocate Scottish independence. It has never been explained in what way capitalism administered by Scots from Edinburgh will be better for Scotch workers than capitalism administered from London. Mr. Kirkwood has, however, now learned by experience that it may even be worse.

At an Independent Labour Party meeting in Edinburgh he spoke as follows: -

Referring to a deputation to the Secretary of State for Scotland on behalf of the starving children of Dunbartonshire, he said "the officials of the Scottish Office were harder to deal with than those of the English Office."—Manchester Guardian, January 15th.

The simple truth is that capitalism will be just the same as far as the working class are concerned. What is required is another system of society, not new administrators for the old one.

Mistaken Marx (1991)

Book Review from the October 1991 issue of the Socialist Standard

Marxism and Nationalism. By Ephraim Nimni. Pluto Press, 1991

The Socialist Party is a Marxist organisation. We accept the main points of Karl Marx's theories of history, economics and politics. But not uncritically. We differ from Marx on a number of issues, and we have made our own contributions to socialist theory. Without doubt our most serious disagreement with Marx is over nationalism.

Although Marx and Engels had declared that workers have no country and urged the workers of the world to unite, this was not their only statement on the matter. They also made a distinction between "historical nations" (such as Poland and Ireland) and "non-historical nations" (such as the Czechs, Scots and Welsh). Historical nations met with their approval because, as independent states, they could be progressive in terms of capitalist development. Non-historical nations, on the other hand, were doomed to be assimilated into the more progressive states (with "democracy as compensation", as Engels put it). Non-historical nations were not viable as independent states in a capitalist world, argued Marx and Engels, and any movement for state independence in such nations could only be reactionary. The nation is largely cultural and linguistic whereas the state and its machinery of government is a geo-political entity.

Nimni also claims that Marx and Engels got it wrong on nationalism—but from a different point of view to us. He says that socialists can legitimately be nationalists, though not necessarily statists, given the widespread concern on the issue. His book is mainly a defence of Otto Bauer on nationalism. For Bauer, a member of the Austrian Social Democratic Party in the early years of this century:
Integration of the whole people in their national cultural community, full achievement of self-determination of nations, growing spiritual differentation of nations—this is the meaning of socialism.
Which calls into question Bauer's and Nimni's understanding of capitalism and socialism. Certainly socialism will allow the fullest linguistic and cultural diversity, but to make this the basis of a political programme is something altogether different. Marxism explains how workers are exploited and unfree, not as individuals or particular nationalities, but as members of a class. From this perspective, identifying with a class provides as a rational basis for working class political action. The objective would be a stateless world community of free access. Given that nationalism does nothing to further this understanding, however, it is an obstruction to world socialism.
Lew Higgins

The Ragged Trousered Reactionary (1994)

From the December 1994 issue of the Socialist Standard

An East End geezer with bad attitudes - so goes the prevailing view of Alf Garnett, working class bigot. Attempting to correct this characterisation on Channel Four's Without Walls (October 25, 9pm) was Garry Bushell, bad lad from the Sun and fellow East Ender with questionable attitudes. Bushell claimed that Alf Garnett represented not a stigma on society but was instead something akin to a cultural icon, saying that it was a tragedy that Garnett had been taken off the air by the BBC.

Whether it was his intention or not, Bushell only succeeded in demonstrating that he was a far more worrying feature of society than Garnett himself, if only because he is real and Garnett was a sitcom creation. It is not that Alf Garnett has no place on our television screens -  far from it. Till Death Us Do Part, In Sickness And In Health, et all were invariably well-written vignettes of social commentary. All the characters, from Garnett himself to his "scouse git" of a son-in-law fiercely believed they were right on the issues that mattered this demonstrating that they were fully human, unlike the opinionless automatons that inhabit most other sitcoms. Furthermore, the programme was always structured in such a way that Garnett's idiocies were all too apparent to most viewers.

If Bushell was merely railing against a perverse political correctness which sweeps all unpleasant subjects under the carpet, he would have had a point. But his agenda was wider than this. Bushell's argument was that Alf Garnett, albeit in caricatured form, represented all that is Best of British. Patriotism, loyalty, sparkling wit, salt-of-the-earth characters and a knees-up down at the pub. The real world of Alf Garnett, claimed Bushell, was a world where families stayed together, where you didn't have to lock your door at night, and where you could walk the streets in safety. The verbal brawls between Alf and the "Scouse git" were indicative of a wider battle for the heart of British society, between good old traditional values and liberal permissiveness, between Land of Hope and Glory and the hippies and the dropouts. But it is a battle which now appears to be over, with Bushell wearily intoning that "the spiritual heirs of the Scouse git have won".

With this the working class has been subsumed by a "culterati" who knows everything about every culture except their own. If Bushell is to be believed, the working class is now only to be found in traditional men's clubs in pockets of the East End of London, eating their jellied eels and swigging pints of lager.

This is ironic indeed, for it is precisely the false and stereotypical view of the working class that has been so tirelessly promoted by what Bushell terms the "culterati" of metropolitan society.

Tattoos out for the lads!
In truth, this image of the working class is as much of a caricature as Alf Garnett himself was. But it is a caricature which Bushell needs. Without it, there will be no Garry Bushell with a column in the Sun. Bushell needs his good guys and his bad guys, his icons and his hate figures to survive. Bushell's good guys are working class lads with the union jack tattoos, and Alf is their patriotic guru.

Perversely, he claims that genuine patriotism "is not based on hatred but on hope and pride", but where was the hope and pride in Alf? Buried under a very large mountain of hatred. Hatred of blacks, "poofs", long-haired layabouts. Northerners, foreigners, trade unionists, republicans and communists.

In support of his argument Bushell called up fellow journalist Paul Johnson who claimed that "the working class are always patriotic and think Britain is a great country", but what irks Bushell, Johnson and used to irk Garnett is precisely that so many workers - and they are working class in the proper sense of the term even if they don't correspond to Bushell's image of it - aren't patriotic and think society in countries like Britain is going down the chute, Plenty of workers see that they have nothing in common with the ruling class and the laugh-a-minute Royals. How many would now volunteer to give their lives in defence of them as they did in 1914?

It is hard to believe, but Bushell seems unaware that patriotism, and its bedfellow nationalism, have brought hatred and violence on a horrendous scale to the world and that British patriotism has been one of the worst offenders. That hatred is often lurking behind the agenda of nationalists and patriots was demonstrated by Johnson, who stated that because of the all-pervasive hegemony of the culterati, "the whole question of race in this country is not debated . . . it is taboo". What question, we might ask, does he have in mind? We can only wonder, especially as he also commented that race-baiter-in-chief Alf was a veritable "fount of working class wisdom", and did so without a hint of irony in his voice.

To a large extent, Bushell and Johnson actually undermine their own case. With the likes of them around, on TV and in print, there is no need for a fictional Alf Garnett at all. His spirit is alive and well, and Bushell and Johnson -  both, to compound the irony, members of the despised "culterati" - are his heirs. But there is a problem with this. Black TV presenter Darcus Howe commented during the programme that Alf Garnett "made me smile on a cold and and miserable night when I had no money". Who could reasonably say the same of Bushell?

The last word though must go to Alf's creator Johnny Speight who described his creation as not the "Best of British" - whatever that may mean - but as "a loutish, ignorant, raucous peabrain". Are you listening Garry? Are you listening Paul? And have you ever felt you've been had?
DAP

Ruined By Riches. (1926)

From the September 1926 issue of the Socialist Standard
The extraordinary wrongness of our present industrial system is shown once more by the outcry at the bumper crop of American raw cotton. One would think that a record crop of this kind would be greeted with delight by the user as well as by the ultimate consumer as a guarantee of abundant raw material, low prices and correspondingly brisk expanding trade. But it appears that in the world constituted as it now is, abundance of raw cotton is a positive calamity. Stated coldly like that, the only possible inference from the assertion is that the world is quite mad. 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, 11/8/26.)
We have said this often. Now they say it perhaps it will carry more weight.
Gilmac.