Wednesday, February 17, 2021

Letters: Abolishing money (2010)

Letters to the Editors from the February 2010 issue of the Socialist Standard

Abolishing money

Dear Editors

Why on earth should there be cuts in any or all of the public services, as intimated by the main three political parties vying for votes in the forthcoming general election? These public services are essential to our health and social wellbeing. At the same time each party advocates and provides support to the very institutions that sap the lifeblood of the nation and spawn malpractices.

The N.H.S, Education, Housing, Old Age Pensions, Transport, Childcare, Single parents, Care of the elderly, are among the most obvious worthy of ongoing and increasing investment and support yet these are being targeted for reductions or, at best, stagnation. This need not be the case. A change is needed, indeed a change is essential and long overdue. And not a weak-kneed Barack Obama style change.

This is an extremely wealthy country in terms of development, infrastructure, skilled technology, inventiveness, art, theatre, sport, social cohesiveness and friendliness etc. but it is gradually losing its way on the altars of greed and possessions and a me-first doctrine. So much of all the wealth derived from the pluses is dissipated and wasted. We have a nation that is engulfed and at the mercy of a monetary system. So many of our recent generations have been persuaded that the pursuit of personal financial advancement is the requisite lifestyle (in the Thatcherite mode of devil take the hindmost) that whatever may be their preferred interests occupationally they gravitate to those which patently offer the greatest scope for achieving fast and vast income providing your scruples are on a back burner and there is no consideration for general wellbeing.

Thus we now have a potentially actively and productively caring and sharing extremely wealthy society based on a powerfully intellectual platform becoming a downgraded self-seeking one that is willing to be antisocial and wasteful and, if need arises adopt criminality, in reaction to an overbearing self important administration which has lost any plot to which it might have once aspired.

The answer, the only feasible answer, is to remove those institutions referred to above by removing the tools of their trade. Abolish money and in doing so recover the personnel space and resources which rightly belong to the people of this country. Consider the beneficial knock on effects of such a move. If you need me to itemise them my phone number is 01793 82XXXX.

E. W. Reynolds, 
Swindon

Reply: 
We agree that money is a barrier to getting things done but we don’t simply want to abolish money. We want socialism – the common ownership and democratic control of productive resources – where money will be unnecessary. And we don’t think that this could be done, as you seem to be suggesting, just in one country –Editors.


No Alternative

Dear Editors

I’d like to contribute to the debate/discussion on globalization.

Marx wrote ‘The handmill gives you society with the feudal lord and the steam mill gives you society with the industrial capitalist,’ and if writing now he might well say that the microchip gives you society with the global capitalist – in accordance with the materialist conception of history as formulated by Antonio Labriola in 1897.

As Marx wrote and as anyone who has made a sustained study of capitalism knows, the centrifugal expansionism of the capital system’s dynamic will drive the system to its ultimate limits.

What the capitalist class and their administrative arm (Maggie Thatcher, Frederick Von Hayek, Francis Fukuyama et al.) want most to instil in the minds of the working class is that capitalist production and distribution of life’s necessities and wants is a natural and, above all, moral system. It is their heart’s desire and ‘wet dream’ that capitalism is viewed as an entelechy, developing itself in a process of self-realization, thereby reducing history to a process without an active, creative, doing subject; an automaton driven by the dead laws of history and nature, i.e., There Is No Alternative.

Globalization, I suggest, is not a tendency nor a phase of capitalism, but the logical progression of the system. Capitalism is almost at its non plus ultra – the only move left it is either to turn and eat out its own guts, devolving into barbarism, or to be replaced with socialism. Our message surely must focus on the planetary destruction and global warming resulting from production for profit that will annihilate the only liveable world we know to exist.

There Is No Alternative – to socialism
J.R. (by email)

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