Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/169/7890

From The Socialist newspaper, 4 August 2000

A World to Win

Capitalism's chaos and the socialist alternative

THE ANNUAL European school of the Committee for a Workers' International (CWI - the international socialist organisation which the Socialist Party is affiliated to) was held recently in Belgium. 250 visitors attended, including sizeable groups from the USA, Israel and Australia.
The school discussed a number of themes of vital relevance to the workers' movement internationally; the state of the world economy and its effects on the European workers' movement; the significance of moves towards Left Unity in different countries and the prospects for a new mass workers' party and how the CWI was building in its respective national sections.
Over the next few issues we will report some of these discussions in The Socialist. This week we look at the world economy and the European workers' movement.

INTRODUCING THIS discussion, Per Ollson from the International Secretariat (IS) of the CWI said that as society headed into the 21st century the conditions of oppressed people were in some ways heading back to the 19th century.

Half of the world's population live on less than $2 a day and 1.2 billion live on less than $1 a day. In contrast the combined wealth of the world's 200 richest people is ten times bigger than that of the 600 million people who inhabit the world's poorest countries. In one of these countries, Sierra Leone, most people die before the age of 37.

The gap between the haves and the have nots has enormously widened during the last decade; despite the longest ever cyclical economic upturn in the USA and Western Europe. This so-called economic boom had concentrated the accumulated wealth in the hands of a small group of super rich. These, in the main, were the same people who owned and ran the multinationals that control one-third of world economic production and control two-thirds of world trade.

These multinationals are engaged in a frantic bout of merger mania to try and increase their wealth and power. But, Per argued, this was like two drunks trying to keep each other standing.

These mergers, however, don't give capitalism a new lease of life and do not overcome the anarchy of the capitalist market. Particularly, there is now a massive dependence on making money from financial transactions rather than profits from traditional manufacturing industries. $1.55 trillion is the daily turnover on the world's foreign exchange markets - 55 times the level of world trade.

Per gave a detailed array of statistics to show that world capitalism had extended itself even more than it did before the 1929 Wall Street stock market crash and that a severe stock market crash, which is a strong possibility, would cause a massive downturn in the world economy because of the high dependence of the rest of the world on the US economy. The present US boom has gone on longer than we thought but it cannot be sustained much longer.

Per concluded that even if there was not an absolute fall in world economic production, a downturn will provoke an enormous working-class backlash because the economic growth of the last decade has not generated any improvement in living conditions for the masses.

But in Europe there has been a certain economic growth this last year which has created new jobs - albeit part-time, deregulated low-paid jobs.

However, this has not diminished the anger of working-class people against capitalism's growing inequalities, and if anything it has given them more confidence in taking on the bosses in some countries.

Real wages have started to rise for sections of the working class for the first time in recent years. The bitterness and discontent felt by the working class against the capitalist system has been intensified by the scandals and excesses of the fat cats - especially in countries like Ireland.

The recent Norwegian general strike had been partially triggered by the bosses' arrogance over wage increases for themselves compared to what they were prepared to offer the workers.

Against this background the process of the transformation of the former mass workers' parties into openly capitalist parties had deepened. In Sweden it was one pundit estimated the Social Democratic Party was losing members at such a rate it would have no members at all by 2010.

Added to this was the process of Americanisation of European politics where support for the establishment parties is rapidly dwindling and fewer voters bother to vote.

Finally, Per said that the biggest problem facing the working class at this stage was the lack of an independent political voice. But the strike movements and anti-capitalist struggles will turn into a more organised political movement.

Our sections in the CWI are well placed to be at the fore of such a development. Even in a period which has not been the most favourable for socialist ideas we have made electoral gains, such as the election of Joe Higgins MP in Southern Ireland and the councillors we have in Britain.

Such experience could play a vital part in the formation of a new mass workers' party.

There then followed speakers in the discussion from Austria, Britain, USA, Ireland, Russia, Sweden, Netherlands, Scotland, Greece, Belgium and Germany.

Controversy in the discussion centred around the issue of how to characterise Haider's Freedom Party. Els from Belgium felt that they should be described, like the neo-fascist Vlaams Blok in Belgium. Other speakers disagreed with this categorisation.

No one disagreed that Haider's party had a core of fascists and Haider himself had a fascist past. But it was felt better to categorise the Freedom party as an extreme-right populist party.

Unlike the Vlaams Blok in Belgium the Freedom Party, at this stage, does not have a paramilitary wing intent on attacking workers' organisations and ethnic minority groups. Haider had not come to power like Hitler had by crushing the organisations of the working class. Indeed the Haider movement is currently being held back by the strength of resistance to it from the Austrian working class and youth.

Sonja from Austria reported that there were still weekly demonstrations against Haider's Freedom Party despite the lack of organisation and response from the official trade union and workers' leaders in Austria.

Other speakers raised questions about what stage the world economy was at and how long the US boom in particular could be sustained.

Aron from Germany pointed out that although Germany has experienced its first real growth in jobs since unification ten years ago, the working class is also preparing to move. At present Germany's public-sector workers appear to be heading for strike action against the Schroder government this autumn.

Lynn Walsh, replying to the discussion, said the economy is heading for a downturn in the quite near future though it is not possible to put an exact date on this or how exactly it will unfold.

Lynn said an economic crash is possible but the capitalists are themselves trying to deflate the US market bubble at present, so fearful are they of the consequences of a sharp plunge. But the capitalists' problem is that they are currently making so much money that they don't want to stop and many seem oblivious to the social and economic consequences of the class antagonisms their greed is building up.

Lynn concluded that the recent anti-capitalist movements were a very significant development and represents an important swing to the Left in global society.

This new mood and embryonic movement puts a big responsibility on the members of the CWI sections to intervene and argue for a socialist alternative to the chaos and anarchy of capitalist society.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 4 August 2000:

Fight For a Living Wage

Peugeot workers "pushed too far": No choice but to fight back

Defend Glenn Kelly

Leicester beats fascist threat

Capitalism's chaos and the socialist alternative

Protest against capitalist IMF


 

Home   |   The Socialist 4 August 2000   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

CWI:

triangleSocialism 2019 rally: "Socialist change needed to end climate change"

triangleNew book: In Defence of Trotskyism

triangleEnd repression in Chile - freedom for soldier David Veloso

trianglePreparing to shape events internationally

triangleNorthern Ireland: Uniting the working class to transcend division

Socialist:

triangleExeter and S. Devon Socialist Party: Fighting for Corbyn's socialist policies

triangleSouth East London Socialist Party: Rebellion around the world - Is it coming to Britain?

triangleSouth East London Socialist Party: How would socialist nationalisation work?

triangleLambeth & SW London Socialist Party: How can Corbyn's policies be implemented?

Capitalism:

triangleTV: Crime and Punishment - this brutal watch is a damning indictment of cuts and capitalism

triangleTV: The Accident - Will capitalism be exposed in upsetting, true-to-life drama?

triangleBlack Liberation... Only possible through socialist struggle

Economy:

triangleLife in the gig economy

triangleChina at the crossroads: 70 years since the declaration of the People's Republic of China

World economy:

triangleImperialist tensions escalate as world economy teeters

Belgium:

triangleBelgium: Movement against climate change grows

USA:

triangleCaerphilly Socialist Party: Struggles in the USA

Capitalist:

triangleTheatre: On Bear Ridge - an examination of loss, set in a post-apocalyptic world

Working class:

triangleElections, strikes and revolutions: Socialism '19 - daring to fight

News and socialist analysis

News and socialist analysis

13/11/19

Education

Save education - Kick out the Tories

13/11/19

Green Party

Green Party offers no alternative for young people and climate change chaos

13/11/19

General election

Strike, Protest, Vote - to Kick the Tories out

13/11/19

CWU

High Court injunction: solidarity to the CWU - support the posties!

13/11/19

NHS

NHS in critical condition

13/11/19

Labour Party

Labour MP targeted by right wing stands as independent

13/11/19

General election

Attacks show elite fear a Corbyn election win

6/11/19

Election

Tories out! Corbyn in with anti-austerity and socialist policies

6/11/19

Grenfell Tower

Grenfell fire inquiry spin deflects blame from establishment

6/11/19

General election

General election 2019 round-up

6/11/19

Tony Blair

Tony Blair launches manifesto to sabotage a Corbyn government

30/10/19

Black history

Black Liberation... Only possible through socialist struggle

30/10/19

General election

Tories out now! Bin Boris

30/10/19

Migration

39 migrants found dead in Essex lorry container

30/10/19

Argos

Argos Christmas bonus cut

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07954 376 096

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

April 2019

March 2019

February 2019

January 2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999