Category: Capitalism

Summer of discontent

 

Grimly facing drought, hosepipe bans, wildfires and yet another heatwave? You won’t be comforted to know that ‘greenhouse gas concentrations, global sea level and ocean heat content all reached record highs in 2025’ (phys.org). European rivers are at record lows. The US has had its hottest July on record, as has the Sahel, Central America, France and Spain. And don’t stock up your freezer with ice cream because you could soon be facing rolling energy blackouts.

It’s not all bad news though. Water company bosses are still getting bonuses, oil companies are cashing in like never before, and tech stocks are going stratospheric.

Still think capitalism is humanity’s best hope? We say it’s time to consider the alternative.

worldsocialism.org/spgb/

Nagasaki mon amour

Some events, like some people, are inextricably linked together. Hiroshima and Nagasaki are one such event.

Two events in reality, following the dropping of an atom bomb on Hiroshima a few days later, 9th August 1945, another atom bomb was used to kill occupants of the city of Nagasaki.

Extract from Socialist Standard November 2019

‘The atom bombs dropped by the United States on Hiroshima and Nagasaki in 1945 – affectionately named: ‘Little Boy’ and ‘Fat Man’ by the perpetrators – instantly killed 100,000 Japanese people. An additional 100,000 died of injuries and radiation poisoning in the following months. But these bombs are akin to peashooters compared to the much more powerful hydrogen bomb, invented in the 1950s, which packs a punch hundreds of times greater than its smaller cousin.

Alex Wellerstein’s Nukemap model (nuclearsecrecy.com/nukemap/ ) illustrates this bigger punch, by allowing the user to choose the location and size of the hydrogen bomb in a simulated detonation. I chose London as my target and selected the biggest bomb from the drop down menu; known as the ‘Tsar Bomba;’ produced in Soviet Union times, it weighs in at a whopping 100 Megatons (100,000 Kilotons) which makes it around 7000 times the size of the US atom bomb dropped on Hiroshima. Or, put another way, this single bomb exceeds the total explosive capacity of all munitions used during WWII by a factor of twenty. The result of the simulation indicated that 18 million people would be caught in the blast covering a radius stretching north to Cambridge and south to Brighton; of which around 6 million would be killed instantly and a further 6 million would suffer substantial injuries. The model helpfully clarifies that such casualties do not include the effects of radiation which are apparently too difficult to estimate. In such circumstances advising children to shelter under their school desks is not really going to cut the mustard as a strategy for survival.’

Tim Hart

https://socialiststandardmyspace.blogspot.com/2019/11/nuclear-threat-resetting-doomsday-clock.html

Why they dropped the bombs

A two part article from the Socialist Standard.

https://socialiststandardmyspace.blogspot.com/2020/09/why-they-dropped-bombs-2005.html

https://socialiststandardmyspace.blogspot.com/2020/09/blog-post_29.html

Something for the weekend: Great Train Robbery

On the 8th August 1963 train robbery occurred, the amount stolen was the equivalent of almost forty nine million pounds today. (Bank of England inflation calculator).

‘Mail Train robbery

The two-and-a-half million pound mail train robbery was audacious and glamorous enough to have come from the pen of the most imaginative crime fiction writer.

In that, it was typical of a recent strengthening trend in crime. The big, well planned robbery is becoming increasingly profitable for the crooks and so more and more of a headache for the police.

This is hardly surprising. The existence of private property elevates money into the key to a secure life. The moneyed man is always the privileged man and he does his best to make sure that he keeps both the money and the privileges.

There are plenty of such privileged— and honoured—men whose wealth has been amassed from the exploitation of the other class in society. Or perhaps they inherited it from their ancestors’ historical equivalent of the Cheddington hold-up.

This sort of wealth is respectable—it has come from what has been well called legal robbery, which conforms to capitalism’s needs and so its moralities.

Robbery, forgery, embezzlement, and so on, do not conform and the men who try to get rich by practising them are anything but honoured.

Be that as it may, crime is inevitable as long as capitalism lasts; offences against property make up die overwhelming majority of crimes today. Capitalism without crime, in fact, is simply impossible.

Ironically, it is capitalism itself which asks for some of its crime. Do not the armed forces, so essential to capitalism, encourage just the sort of knowledge and the mental attitudes which are useful in a desperate, quick-fire robbery?

The driver of the Cheddington train said that one of the gang advised him to keep quiet because there were some “right bastards” there. Well, it is the “right bastard” who makes an excellent Commando or bomber pilot.

All of this is not to justify nor to condone the criminal. Indeed, any one who tried to take away from the Cheddington gang any of the money they have stolen would soon find that, in their own unmistakeable way, they are as firm in their support of property rights as any bank boardroom.

Capitalism is an unpleasant social system and crime is only one of its many excrescences.’

https://socialiststandardmyspace.blogspot.com/search/label/Great%20Train%20Robbery

How near to soft rains?

Only one state has used nuclear weapons on another. On the 6th August and 9th August 1945 the USA dropped atomic bombs on the Japanese cities of Hiroshima and Nagasaki.

As of January 2026, the Bulletin of the Atomic Scientists  Doomsday Clock was set at  85 seconds to midnight, four seconds closer than the 2025 setting.

In 1950 the writer Ray Bradbury had a short science fiction story published in a magazine.

The story was There will come soft rains. The story includes an image directly taken from Hiroshima of an image on a wall.

The story is set in California in August 2026. An AI controlled house that runs for the benefit of the two parents and two children living there continues to carry out its daily chores despite the outside charred wall showing their images imprinted on it by an atomic weapon flash.

We learn that this is the only house still standing here, the rest have been destroyed by nuclear weapons.

In the story, the AI management reads the father’s favourite poem. This is There will come soft rains by Sara Teasdale. Ms Teasdale wrote this in 1918. The poem is anti-war and notes that should humans wipe themselves from the face of the planet, nature won’t care one jot and will carry on quite well without humankind presence.

This, the sole remaining house is destroyed by fire.

The story ends, “Dawn showed faintly in the east. Among the ruins, one wall stood alone. Within the wall, a last voice said, over and over again and again, even as the sun rose to shine upon the heaped rubble and steam:”Today is August 5, 2026, today is August 5, 2026, today is…”

Make capitalism history before capitalism makes the human race history on Planet Earth.

NO WAR BUT CLASS WAR

Not for sale?

Infantino’s “shabby, opaque, backroom deal” apparently prepared in secret with private capital is ditched after UEFA and others statement that “demonstrated to FIFA’s President that football is not for sale”.

Hang on!! Football was sold long ago and is increasingly organised to suit pay-to-view media. This explains why fans of EPL and EFL teams now ‘benefit’ from league matches on any day from Friday to Tuesday at kick-off times to suit the TV schedules (and bugger the away fans!). This is also why the mis-named Champions League has so much group-stage dross (similarly for the Copa Libertadores) to plug so many mid-week gaps.

Sadly, the sport I love is now just an interlude between ads for bookies.

Rough reality

Football: beautiful or ugly?

Can we separate the skills of the beautiful game from the ugliness of the money machine that drives it and the rivalries and nationalism it thrives on? Should we regard the emotional investment of fans as people being brought together or a reminder of how alienated they are from their own lives and capabilities. Is it, as one commentator stated, people being sold ‘meaningless thrills to patch over the pain’?

Whatever the case, in the society of voluntary cooperative work and free access to goods and services that socialists look forward to, appreciation of the talents of others – including footballers – will still exist, but side by side with each person having the time and space to cultivate their own talents and capabilities.

worldsocialism.org/spgb/

Who wants to be a Billionaire?

“The collective wealth of US billionaires reached a record $9.24 trillion this month [June]—an increase of around $2.2 trillion compared to the same time last year—while millions of Americans struggled to afford groceries, healthcare, and other basic necessities as inflation driven by President Donald Trump’s illegal Iran war eroded their wages.

“America’s 15 centi-billionaires and now one trillionaire alone make up 43% of all billionaire wealth—an astounding $4 trillion—and their wealth is growing over twice as fast as fellow billionaires in the past year,” the group noted. “Just these top 16 billionaires hold more wealth today than every US billionaire combined in September of 2020, less than six years ago.””

From Common Dreams: Full report at:

https://www.commondreams.org/news/billionaire-wealth-new-high

Something for the weekend:inequality

From the World Inequality Report 2026:

“The first and most striking fact emerging from the data is that inequality remains at very high levels… today, the top 10% of the global population’s income-earners earn more than the remaining 90%, while the poorest half of the global population captures less than 10% of the total global income. Wealth is even more concentrated: the top 10% own three-quarters of global wealth, while the bottom half holds only 2%.

The picture becomes even more extreme when we move beyond the top 10%… the wealthiest 0.001% alone, fewer than 60,000 multi-millionaires, control today three times more wealth than half of humanity combined. Their share has grown steadily from almost 4% in 1995 to over 6% today, which underscores the persistence of inequality.”

Full report here:

https://wir2026.wid.world