Feb 11 2018

TRUMP AND THE LEFT IN THE USA

Eric Chester wrote  the following article on Trump and the Left. It was originally posted on the Utopian e-zine

 

 

TRUMP AND THE LEFT IN THE USA

Resisting the Trump presidency has lead many on the broad Left to focus on electing Democrats. However, is Trump the central problem confronting us, or is he just a crude manifestation of the fundamental problem, a global capitalist system that is spiralling downward and veering out of control? Continue reading “TRUMP AND THE LEFT IN THE USA”

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May 06 2013

THE CRISIS OF CAPITALISM: A SOCIALIST PERSPECTIVE

Eric Chester (RCN and IWW), who comes from the USA, uses the experience of the ‘New Deal’ Keynesian reforms to show that the neo-Keynesian ‘solutions’ advocated by so many on the Left today will be unable to resolve the current crisis of capitalism in any way that benefits the working class.

The Great Depression in the USA

The Great Depression in the USA

The global economy is mired in the worst crisis since the Great Depression of the 1930s, and yet capitalism has always been characterized by instability and insecurity. An economic system that operates without an overall plan, and in which powerful economic forces act on the basis of maximizing short-run profits, is a system that is inherently unstable. Marx predicted a collapse of capitalism leading to a revolutionary upsurge as early as the 1850s.[i] This would appear to be one of his predictions that has been contradicted by the course of history, but in fact the global economy has been plunged into one crisis after another.

The unpleasant reality we confront today is that although capitalism is constantly changing, the impact of these changes is, on balance, overwhelmingly destructive. Indeed, as capitalism grows and expands, it destroys everything in its path. As the system unravels, more and more workers become permanently displaced from the workforce; income and wealth differentials widen within the already industrialized societies, as  an increasing number of countries are added to the list of “failed” nations; and ecological catastrophe threatens the continued existence of the planet as we know it. We are at a crossroads. Either the working class acts as a class and wrests power from the capitalist class, or the system will disintegrate into a catastrophic freefall.

Continue reading “THE CRISIS OF CAPITALISM: A SOCIALIST PERSPECTIVE”

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