“…The masses must have time and opportunity to develop, and they can only have the opportunity when they have their own movement…” Frederick Engels to the American socialists when the labor movement in New York City nominated the non-socialist reformer Henry George for mayor in 1886 If you are always complaining about the number of socialist, anti-capitalist and otherwise radical-left parties in the United States and keep wondering why when America is already well provided with a multiplicity of left-wing parties, why the World Socialist Party of the United States (WSPUS) is added to this profusion of the confusion? The answer is there is no way of challenging and refuting the spurious programs of the parties which promise to reform capitalism except by building up from the ground an organization of socialists working only for socialism.
Capitalism at Work
The Institute for Policy Studies shows that the dozen richest American billionaires now collectively own more than $1 trillion in wealth, a finding one analyst described as “a disturbing milestone in the U.S. history of concentrated wealth and power.”
According to IPS, the 12 top U.S. billionaires have seen their combined wealth soar by 40%—or $283 billion—since the coronavirus began spreading rapidly across the U.S. in mid-March, sparking widespread economic shutdowns and mass job loss.
“During the first stage of the pandemic, between January 1 and March 18, the collective wealth of the Oligarchic Dozen declined by $96 billion,” wrote IPS researchers Chuck Collins and Omar Ocampo. “But their wealth quickly rebounded and surpassed their September 2019 Forbes 400 wealth level. The only exception is Warren Buffett, who is still $2 billion below his September 2019 wealth, but is currently worth $80 billion.”
Jeff Bezos—$189.5 billion Bill Gates—$114.1 billion Mark Zuckerberg—$95.5 billion Warren Buffett—$80.6 billion Elon Musk—$73.1 billion Steve Ballmer—$71.5 billion Larry Ellison—$70.9 billion Larry Page—$67.4 billion Sergey Brin—$65.6 billion Alice Walton—$62.6 billion Jim Walton—$62.3 billion Rob Walton—$62.03 billion https://www.commondreams.org/news/2020/08/17/disturbing-milestone-just-12-us-billionaires-now-own-more-1-trillion-combined-wealth
Inequality in USA
Lockdown and locked out of school
Real Suffering in the UK
Tougher at the bottom
Low-paid workers are three times more likely than their well-off counterparts to have seen their hours halved during the coronavirus pandemic, according to a study.
Against Lesser Evilism
American voters have permitted themselves to be convinced that electing a new president will change things. “It’s gonna be different this time.” is the refrain. But it won’t be. If Biden were actually to become President of the United States of America, it would hardly matter, for his freedom of action is too restricting and he would have very little option but to accommodate the capitalist class and their agenda. If he was elected there may be a number of cosmetic changes with implementation of some identity politics but the fundamental problem, capitalist property relations, would remain essentially unchanged. The Democratic Party (or as we like to describe them, the Damnocrats) is a party that calls for the reform, not the abolition of capitalism. When the WSPUS speak of working class independent political action, we think in terms of class independence. In other words, a political party entirely under the control of working people, representing their interests and their interest alone.
The American working class have been fooled into accepting the concept of common interests wherein the problems of the capitalist class are theirs also. The suggestion is that people in the US all belong to one of the world’s mightiest military and industrial powers, sharing equally in the glory; so let’s all work still harder to increase the arms and wealth of the rulers. The belief that there exists a community of interests from which we all derive common benefits is a mistaken one but nevertheless held strongly. Two crucial political fallacies permeate American workers thinking. First, that the present system can be so organized that it will operate in the interests of the majority, through a process of applied reformism; Secondly, that “proper leadership is an essential requirement. However, neither will ever remove any of the major social evils and the socialist’s mission is to demonstrate that fact.
Without vibrant grassroots movements changing reality, the oligarchs and plutocrats in power will keep trampling upon working people. We need BOTH activism on the streets demonstrating against specific grievances AND we need effective electoral action for social change. A powerful socialist party should be the conduit for change. The street protests have often been aimed at the wrong target. A socialist party is an organization which can connect the dots between issues and movements — from winning justice for the oppressed to fighting for migrant rights to interacting with global environmental movements. We cannot afford to choose between the fronts upon which we must battle.
Biden is not encouraging working people to do things for themselves. There was no thought given to constructing a real working-class movement but simply to encourage the unions and working people to remain an appendage to the Democratic Party. The goal is not to create a socialist society for the working class but to encourage the working class to build socialism for itself.
The East-Med Hotspot
The Rich Get Richer
Between 1980 and 2018, tax law changes favoring the nation’s rich left our billionaires paying 79 percent less in taxes, as measured as a share of their wealth.
The country’s top .01 percent, a group consisting of households with wealth in excess of $100 million, have seen their tax payments as a share of their wealth drop by almost as much, 73 percent.
An ultra-wealthy household that realizes $25 million in tax savings doesn’t rush out and spend that extra $25 million on food, home improvements, or new clothes. Most of those added millions just add to that ultra-wealthy household’s wealth and future wealth.
The share of America’s wealth that our top .01 percent hold has quadrupled, rising from 2.3 percent in 1980 to 9.6 percent in 2018.
The incomes of the top .01 percent of our nation’s investors have, over the same years, jumped from 1.5 percent to 4.6 percent.
Making billions V making ends meet
Inequality was a pre-existing condition for the US economy long before the coronavirus started its spread. The pandemic has merely exposed its “ugly face”.
It took developer Joe Farrell just one day to rent Sandcastle, his 15-bedroom mansion with sunken tennis courts in the wealthy enclave of The Hamptons, for $2m for the summer to “a textile tycoon and his family who were stuck in Manhattan and wanted to leave the city on a day’s notice.
Stock markets are setting new highs driven by soaring prices for the tech companies that enable those lucky enough to work from home. Apple is close to being valued at $2tn. The total wealth of US billionaires has soared $685bn since the middle of March to a combined $3.65tn.
Rock-bottom interest rates have triggered a home sales boom for some as those with the money reconsider their priorities in the work-from-home era. With nowhere to go, those Americans who can are saving at record rates.
“We are all in this together” may be the rallying cry for the pandemic but the truth is the poor, and particularly people of color, have been devastated by coronavirus and its attendant recession while the wealthy have weathered it and in some cases made huge gains.
Meanwhile roughly 30 million people are unemployed in the US, about 20% of the workforce. Almost 30 million Americans recently reported that they have not had enough to eat at some point in the previous seven days. The vast majority – about 26 million – had lower rates of educational attainment.