The Crisis Of Capitalism And The Alternative

Of World Working Classes

 What we are witnessing now, is not the making of a few greedy bankers. It is a crisis of capitalism which has emerged as a financial crisis.

Since 2008, the spectre of unrelenting mass layoffs; denying the youth the first experience of building their lives by condemning them to employment; gobbling up full-time employment by poorly paid temporarily part-time jobs; abolition of laws against unfair dismissal thus paving the way for attacking the level of wages; introduction of a raft of increased taxes on working classes; dismantling of collective bargaining; colossal house repossessions leading to rocketing number of homeless at the backdrop of cruel boarded empty homes; condemning the unemployed to shiver in the cold because they cannot afford to pay the bill for their electricity and gas supply; assaulting on  meagre welfare of elderly people and slashing pension provisions; hacking education budgets; mushrooming of  kitchen soaps and food stamps queues in otherwise prosperous countries; robbing happy smiles from  the face of children and forcing many, young and old, to surrender to depression and mental disorders; causing many family break-ups because of harsh economic circumstances; have all been haunting capitalism from the European countries to the very heart of bellicose but desperate USA superpower.

How come?

  • On the back of creating housing industry, a golden opportunity opened for fanatical speculation, particularly in USA and transatlantic countries, including United Kingdom, Spain, Ireland, and Portugal, and speculators, in the guise of financial institutions heaped mounds of money. It was blindly believed that this frenzy plundering will not going to be checked by inherent contradiction of capital accumulation. 
  • Thus in 2008, the unbelievable eventuality became apparent. Housing bobble burst asunder. Up till now:
      • 5 million foreclosures were enforced in USA,
      • 200,000 houses were repossessed in UK
      • 300,000 houses were repossessed in Spain
      • One fifth of houses in Ireland were repossessed.

Thus some ten trillion dollars of assets turned into a big heap of useless papers, and made financial literature inventing novel terminologies of subprime and toxic assets. Remembering the horrible memory of their speculating forefather’s fate, who jumped to their death from skyscrapers in 1929 financial crash, the financial speculators were determined to save their skins this time round. Wielding unchallengeable influence over capitalist governments, they were sure they should not be punished; rather working classes have to pick up the bill and suffer for the consequences of their speculations.

To make sense of the origin of the current titanic crisis, we have to go back three decades and look briefly at both the crisis-stricken capitalist countries of UK and USA as well as the fundamental contradictions of capitalist mode of production.

1. The long period of post-war economic boom, under the aegis of Keynesian doctrine, eventually failed towards the end of 1970s. The so-called Iron lady Margaret Thatcher and Jingo Ronald Regan came to power in UK and USA. It was decried that there was no such thing as society. They threw away unceremoniously the welfare state and raised the banner of unbridled liberal economic policies. They swept clean a big chunk of industry - the very basis of industrial production of surplus value/profit - and outsourced it to developing countries. Hence, they shifted focus from industrial production to service industry. They ruthlessly attacked the historical gains of working classes and through unravelling of financial regulations wide opened the opportunity for financial speculation and gambling, which some critics designated it as casino capitalism. However, they thought they were clever. They boasted killing two birds with one stone. As they claimed that they got both rid of unprofitable industries and the working class militancy. Then other capitalist countries more or less followed suit. Nevertheless at long last, chicken has to come home to roost. Now, US has brought upon itself $14.6 trillion debt, Japan twice as much as its GDP, France €1.6 trillion, Germany €1.8 trillion, Italy almost €2 trillion, UK ₤1 trillion, Spain €620 billions, Greece is already bankrupt, and so on.

2. Capitalism is fundamentally based on a wage-slavery system, producing to make profit, not meeting the social needs of individuals and at the same time providing an ultra-luxurious lifestyle for a tiny minority.

That is why the economic performance of businesses is posted by minutes as stock market indices and shares prices rise. Hence, the quality of the material provisions of life and physical and mental satisfaction of the majority are subject to the satisfaction of the indices of market. Whereas in place of the latter, economic bulletins should highlight measures which have been taken to upgrade the quality of life for the population, to fully eradicate shortfalls of the health service and education provisions, to eliminate unemployment and homelessness, to reduce working hours. No matter how realistic these demands are, you cannot hope to achieve these expectations from the operation of capitalism. Since, to make profit, capitalism is not the business of creating happiness and human enjoyment but to make profit for those who own the means of production. It is in doing so that capitalism has in its gory history continuously created unemployment whilst at the same time making working hours longer; intensified the rate of exploitation; unashamedly exploited child labour; generated hunger, prostitution, child and adult pornography; polluted nature and created misery, destitution, and last but not least of all   waged wars and  fuelled a military establishment by unceasingly raising military budgets  soaring to skies and inventing weapons that could vaporised the world over many times.

3. The resolution‌ of capitalist crisis is beyond the ability of global capitalism. It requires a fundamental rethink and radical alternative, i.e. the abolition of wage-slavery system and the organisation of the social labour to create a quality of life for every individual befitting today’s scope of progress of productive forces.

4. In the course of the past three decades, parallel to the expansion of capitalism, the population of world working classes have multiplied astronomically. The Wall Street protestors' motto “we are a minute body of 99% of population”, literally reflects an undeniable fact that, the world working classes constitute the overwhelming majority of the world population. Save capitalist classes, its agents of oppression, parasitic institutions of religion and the stratum of management, the vast majority of the world population are wage labourers: whether they work both at manufacturing or service industries; whether they are employed or unemployed; and whether they are paid for their labour or forced to work for almost nothing. The distinction in wages that are paid to the working class across the world, whether in industry or service sector, does not put any part of them on a par with the capitalist classes.

5. The ensemble of political parties of left colourings and Trade Unions do not constitute instruments at the service of the abolition of wage-slavery system at all. Nay, they are unashamed defenders of the capitalist mode of wage-slavery. Since the unprecedented capitalism crisis, they have done all they could to assist capitalism and capitalists out of the present crisis. They have accepted lowering of wages, prolonging working hours, forced the wage-slaves to be flexible for the benefit of capital, and accepted cuts in the general welfare system. They have cynically demonstrated their allegiance to capital by, at best, organising a token lacklustre one-day stoppage to drain workers rage and militancy, and even that was forced onto them under the pressure of rank and file fighting capitalism. In consequence, world working classes desperately need to get organised worldwide under the banner for the abolition of wage-slavery system. Under the unfurled banner of such aspiration, the heat of struggle will produce the combatant forces and their anti-wage-slavery organisations and true leaders. 

6. The world working classes must rally and close their ranks around the struggle to abolish wage-slavery system. And, to the extent that conditions occasion, everywhere they must organise at anti- wage-slavery organisations, taking over institutions - industrial and service sectors - and running them in the spirit of providing to meet the levels of people’s needs. Finally, if conditions arrived at one or more countries, they must muster organised power to conquer the state power, declare the process of abolition of wage-slavery system and fashion the social labour on the basis of meeting the needs of general public. 

7. Since the dawn of human civilisation, we have lived in society. The latter holds obligations towards the well-being of every single individual, whilst individuals have their duties towards the society. Further, in the Declaration of the Rights of Man, the great French revolution recognised among other things the inalienable right to life, which was then reflected in the United Nations` Human Right Charter. In our opinion, the right of life means that it is the social right of every individual to demand from society a secured, enjoyable and happy quality of life.   

8. We believe in work as a social obligation, and at the same time a benevolent and enjoyable physical or mental activity. By contrast, under capitalist mode of wage-slaverywork is being a compulsory and hard or dull drudgery. In effect, the latter means that, under capitalism, the worker lives to work rather than works to live. Before the advent of the service industry, workers were being killed, maimed and injured in manufacturing workshops in the west and they still suffer the same fate in the workshops of the east. Today, however, new ominous work place hazards have been emerging in the service sector in the prosperous west. According to official figures, in developed economies at least 30 % of workforce at service industry is suffering from depression and mental disorders. The rate of suicide attempts amongst less then 30 years old unemployed in Ireland jumped up 24%.

9. We further believe that, every adult individual, whatever his or her physical or mental abilities, possesses some socially useful skills, knowledge and experience. As such, every adult individual can contribute to society, as long as they can dispose of their social labour.

10.Unemployment and long working hours is the scourge of capitalism. By contrast, the voluntary disposing of shorter hours of social labour is the birthmark of a society emerging in the wake of abolition of capitalism wage-slavery system.

11.The root of human being is laid in the nature. To maintain their lives and to survive their generations, human beings have had to produce. In doing so, they have changed themselves and the nature at the same time. But, with the coming to birth of capitalism, and the speed of accumulation of capital the situation has dramatically changed. Now, the avid hunger for capital accumulation is literally threatening the nature, and the very existence of living creatures, including human beings. Only, with the abolition of wage-slavery and the organisation of social production to satisfy individual needs, and in a manner that fully sustains the environment, would humanity and nature become one; through humanisation of nature, humanity could naturalise the world and it is, thus, that the precipitated destruction process of nature could be categorically prevented.

12.The gender oppression is a fundamental part and parcel of social metabolism of capitalist mode of production. The promotion of family as a unit cell of capitalist society is nothing but to preserve capitalist private ownership. In capitalist society, the root cause of women oppression is capitalist relation itself. Hence, the overthrowing of capitalist mode of production, based on wage-slavery system, dawns the inception of gender emancipation. The working classes cannot emancipate themselves unless women are emancipated as well.  

13.The social productive forces have now made such gigantic strides forward that it is feasible to organise social production based on the co-operation of every individual to meet the social needs of many. In other words from each according to their abilities and to each according to their needs. As a compulsory nature, labour under capitalist mode of production must be transformed into a voluntary, creative and joyful activity. Accordingly, to eliminate unemployment, everywhere working time has to be reduced. At the beginning of 1980s the labour movement demanded 7-hour working day (35 hours a week) without wage reduction, and in 1986 they demanded 6-hours working day (30 hours a week) with 8-hours full pay. Today, even a 30 hours working week no longer has relevance considering the colossal rise in labour productivity during the past forty years. 

14.So long as the 99% majority of the world humanity have not liberated themselves from the yoke of  capitalism and set out to building a society based on  the afore-mentioned feasible and humane lofty goals, and until such time that capitalism persists; we demand the realisation of the following universal citizen rights for every individual:

 Citizen rights

1. Considering the level of productive forces, 5-hour working day (25 hours a week) should be granted to every able individual without his or her pay being cut less than what is now paid for 8 hours of daily work.

2. Equal pay for male and female workers against all industries and sectors. 

3. Right of access to education from nursery age to higher education. 

4. Provision of a decent quality of life for the unemployed.

5. Provision of a decent quality of accommodation, in line with present standards of the construction industry, for everyone.        

6. Provision of free and improved health service for everyone. 

7. Provision of free and decent quality of life for the elderly and disabled people.

8. Provision of adequate social resources to improving  environmental conditions and producing renewal energy, including exploiting solar, wind, and water energies and closing down the atomic energy and fossil-using plants and the development of free and high quality public transport services.,

9.Recognition of the universal right of migrants throughout the world, with the aim that citizens of the world should be free to travel without any restrictions.

 ?How could you contribute to the manifesto of the Bee-hive's Appeal

Among other things, you could distribute and discuss the main points of this manifesto in your residential and working places. Get the manifesto adopted in your assemblies. Send your critiques, comments and suggestions to us.

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