Archive for 'Capitalism'
Can capitalism address climate change?
As James Plested argues in Red Flag:
The world’s richest 85 people alone account for $2.1 trillion – equivalent to the combined wealth of the poorest half of the population. The top 1 percent is worth a whopping $134 trillion. It would only take a small fraction of this amount to drive the kind of large-scale rapid shift towards sustainability that we need. The technology and resources to do so are available. The money is there.
So why doesn’t anything happen? To read the whole article hit this link.
Writing in Socialist Worker UK, Martin Empson reviews Naomi Klein’s new book, This Changes Everything, and argues that the only way to stop climate change is to get rid of capitalism There’s no denying it—capitalism is damaging the planet. The latest Intergovernmental Panel on Climate Change (IPCC) report proves that humans are fundamentally changing the […]
The aim of this paper is to give readers examining emerging economies from an accounting, marketing, finance, legal or similar background an introduction to the Asian Development Model.
John Riddell is the author and editor of numerous books, including, most recently, Toward the United Front: Proceedings of the Fourth Congress of the Communist International, 1922. Here, in an article republished from Socialist Worker US, he explains how the First World War broke out 100 years ago, how the socialist movement reacted, and how a revolutionary antiwar opposition emerged.
European parliamentary election results highlighted both the long term disaffection with capitalism’s official political institutions and the impact of the more immediate social crises across the continent, writes Ben Hillier in Red Flag.
Seeing Abbott mocked from all sides for his reintroduction of knights and dames is good for a laugh, writes Diane Fieldes in Red Flag, but the ruling class isn’t really desperate to bring back feudalism. Compared to those impoverished feudal lords and kings, today’s rich are a million miles ahead.
The ecological crisis in the end cannot be solved under capitalism. It will require socialism, the social ownership of the means of production under rational democratic planning, replacing anti-social capitalist calculations to maximise private profit.
Socialists today have a key role to play in the fight for immediate reforms, since real reforms will have to target the guilty capitalist enterprises and any in government who cover for them, which has an anti-capitalist dynamic.
They will also oppose fake “market” reforms, one of which is “carbon trading”, which boils down to paying for the right to pollute. At the same time, socialists should step up their efforts to win environmentalists to the understanding that the ecological problem is at root capitalism.
Politicians say “we” must change our ways to save the planet—but Sadie Robinson in Socialist Worker UK argues waste is built into capitalism
To realise the dream of Christmas we need not to reform the current unreformable capitalist system but to overthrow it. For a warm caring humanity, for Christmas every day for everyone, we need socialism, a democratic society in which production occurs to satisfy human need.
So to summarise, rorters on the system either reflect the drive for personal enrichment or profit that the system gives number one priority too. But the system itself is corrupt in the sense that it only exists by exploiting workers and not rewarding the working class for the value it produces.
The solution to corruption is a democratic society in which production is organised by the vast majority of people, we workers, the people who produce the wealth and will do so for the benefit of that vast majority, that is to satisfy human need, not to make a profit. That my friends is socialism.