Party News from the December 1977 issue of the Socialist Standard
Thursday, December 18, 2025
He's telling us (1977)
From the December 1977 issue of the Socialist Standard
Since the quantity of money capable of being absorbed by the circulation is given for a given mean velocity of currency, all that is necessary in order to abstract a given number of sovereigns from the circulation is to throw the same number of pound notes into it, a trick well known to all bankers.
(Karl Marx, Capital Vol. 1, p. 136, Kerr edition)
Socialist Sonnet No. 215: Bloody Bondi (2025)
Bloody BondiThere’s blood in the sand, sharks circle offshore.An unridden surf is still surging inUnder an ascendant unflinching sun,Rapacious gulls hover and dive and soar.Beach bags wouldn’t have been packed with bandages,Flip flops and sun block, but no tourniquets.A day for standing down and being at easeWith the world awhile, away from its rages.Folk gathered comfortably together,Sharing a common weal for a few hours,Unaware agents of much darker powersWere preparing for a change in the weather.How the day started! How the day finished!With humanity, once more, diminished.
D. A.
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