It’s worth reminding ourselves from time to time that, contrary to the establishment view, capitalism is not the permanent and definitive form of society, it is merely a transitionary phase in human development with a finite shelf life. There are a number of developments in the 21st Century that will make its survival into the 22nd highly problematical. These include:
- global warming and capitalism’s inability to deal with the cause – society’s dependence on fossil fuels;
- as predicted by Marxist economic theory (and largely ignored by non-Marxists), increasingly severe economic crises due to the over-accumulation of capital and a long-term tendency for the rate of profit to decline;
- increasing inequality and the failure of more humane variants of capitalism such as the Swedish social democratic model to survive; and
The last item is frequently overlooked. Growing world population clearly represents a threat to humanity’s survival but the greater threat to capitalism’s survival may come from its relative success in extending the average life of ordinary working people – assuming that is that the profits driven pharmaceutical industry doesn’t botch its response to the next pandemic or the equally profit greedy food manufacturers don’t kill us with obesity and diabetes generating food. Data published last week by the Office for National Statistics predict that a girl born between 2010 and 2012 can now expect to live until 82.8 while a boy is expected to live until 79. The previous predictions in 2005 were 80.6 and 76 respectively. The immediate response from the so-called pension ‘industry’ was that the state pension age will have to rise much faster than currently anticipated by the government “almost inevitably reaching at least 70 by the middle of the century”. Their motive, of course, is the huge profits they make peddling ‘personal pensions’, but there can be little doubt that the government will comply with their wishes.
What are we to make of this? By the middle of the century capitalism will have created an immensely wealthy 1% who own practically everything (where we live, the land beneath our feet, the services on which we rely) and who, apart from an ambitious, competitive minority, will neither wish nor have to work. For the remaining 99%, we will be required to work (or claim survival level ‘benefits’) well beyond any age at which we might be considered competent. Nonagenarian bus drivers? I don’t think so. Old people on jobseekers allowance? Much more likely!
The alternative is, of course, socialism which, in its fully developed form, has been described by Marx as from each according to their means, to each according to their need. While it will become immensely attractive to the exploited majority, it won’t, however, happen by itself. It will take organisation and effort. That’s where we in the Croydon CP and socialists and communists across the county and worldwide come in.