A cure for self-isolation

The Centenary of the Communist Party in Britain isn’t the only notable centenary to be celebrated this year. 22 April 2020 is the 150th anniversary of Lenin’s birth (22 April, 1870, new style dates). To mark this event, and to help keep those of us who are not key workers usefully occupied, a group of comrades in Latvia calling themselves the Latvian Labour Frontline have laid down this challenge. In the month of April

• read/re-read Lenin’s works at a rate of 20-30 pages a day. That’s more than enough. Don’t cram and try to finish Lenin’s Collected Works in just a month!

• Post our daily reading report with the hashtag #Lenin150Challenge

If our reports could also contain• a photo of ourselves holding one of Lenin’s books.
• a proud sign saying “I have finished [name of the work]!”
• thoughts on what we have just read – for example: “I’ve just read Imperialism, the Highest Stage of Capitalism. Now I know I want to become an imperialist! ” (Yes, comrades, humour is allowed!)

that would be perfect!

But please don’t post individual quotes. They just go from one corner of the Internet to another and will be largely forgotten by your audience. If you really like a particular quote, just retell it in your own words.

If You don’t know where to start, try “The Three Sources and Three Component Parts of Marxism”. But the choice is yours. You don’t have to rely on your bookshelf. You will find all Lenin’s most significant works at

https://www.marxists.org/archive/lenin/works/index.htm.

This isn’t going to get us out of the current problems besetting society, but it might help us deal with things later.

 

The Day After Tomorrow

Despite the obsequious coverage in the mass media, it self-evident that the government has bungled its response to the coronavirus pandemic. It failed, in part, because ministers didn’t follow WHO’s advice to “test, test, test” every suspected case when they had the opportunity. They didn’t isolate and quarantine. Perhaps influenced by Dominic Cummings, they appear initially to have thought “herd immunity” would protect the rich while letting the old and poor perish. They failed to contact trace. They now have a new plan, Suppress–Shield–Treat–Palliate, but this was agreed too late and has left the NHS wholly unprepared for the surge of severely and critically ill patients. My view? No – those of experts. See link below.

What happens when the pandemic is over? The Tories will want to return to ‘business as usual’, ring fence the rich and powerful and require workers – survivors from the NHS, social services and the “unskilled” (SIC) workers to pay for rebuilding the capital owned by the 1%, just as they did after the 2007-8 banking crisis. A helpful strategy to this end will be to start a generation war. Sir Max Hastings on BBC Radio 4 yesterday argued that his generation had benefitted from the previous one’s efforts to defeat Hitler, benefited from the post-war booming economy until 2007, extracted from taxpayers “free bus passes” and other perks and now expects succeeding generations to pay for the cost of protecting them from the ravages of the pandemic and restoring the economy.
It’s not the elderly per se who have benefitted most in the last 75 years, it’s the wealthy – the owners of capital. Sir Max is, however, partially right. After the pandemic is over, we must establish a steeply progressive inheritance tax that covers wealth secreted away in trusts and other avoidance measures and use the huge amounts this would release as a true inheritance and ‘thank you’ for younger people who enabled the older and wealthier amongst us to survive.

As Solomon Hughes writes in the Morning Star today, it won’t be easy, but we must resist with all our might the coming attempts to revert to “business as usual” after the pandemic. We must build a better society for all working people – a society that can avert or withstand the next crisis coming over the horizon, global warming. If we can also bring to account those responsible for undermining the NHS, creating the gig economy, destroying free college and university education, undermining trade unions and destroying social housing and social welfare, so much the better.

 

References
https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30727-3/fulltext
https://morningstaronline.co.uk

Doing capitalism differently?

Professor Mariana Mazzucato is a heterodox economist at the UCL some way from Marxism but she shares with Marxists recognition of the importance of “value” in economic analysis. In neoclassical economics, the kind they currently teach in universities, a marginalist approach is adopted and value is synonymous with markets and market prices. For Marxists, value is the labour time consumed in producing a commodity, whether directly or through the consumption of other commodities in its manufacture.

Professor Mazzucato argues in an article in the Guardian today that neoclassical economics goes a long way to explaining the mess the world finds itself in today and the Covid-19 pandemic will provide an opportunity to abandon it and do capitalism differently . Since the 1980’s, she argues, it has resulted in: weakened institutions like the NHS that are needed to respond to crises; a loss of confidence in what governments can achieve; the destruction of the social safety net; and growing inequality.

There was, however, no golden age prior to the 1980s, just a brief period after the War when the mere existence of the USSR required western capitalists to treat their workers a little better.

Professor Mazzucato believes capitalism can be reformed provided governments

• invest in and, if necessary, create institutions to prevent and manage future crises.
• co-ordinate research and development, steering them to “public health goals”.
• structure public-private partnerships to ensure “both citizens and the economy benefit”.
• attach conditions to bail outs of private business to ensure that the firms we save with public money become part of a new economy delivering lower carbon emissions and “investing in workers”.

A version of “soft capitalism” that incorporated these features would certainly be a great improvement on the current version, but it ain’t gonna happen. Capitalism is a system whose sole purpose is the accumulation of capital. Until it is itself overturned, all obstacles that impede this accumulation will be swept away. When the current crisis is over, public institutions like the NHS that restrict capital accumulation will continue to be under-funded and undermined; private sector R&D will continue to be driven by profit, not social need; public-private partnerships will continue to rip off workers; and, while there are still hydrocarbons left in the ground that can be extracted and burnt at a profit, CO2 levels will continue to rise. This is how capitalism works. The only solution is a social revolution that ends it.