Is the Socialist Party Stalinist?
” What is proletarian socialism?
Because the principal basis of the capitalist system is the private ownership of the instruments and means of production. Because the factories, mills, the land and minerals, the forests, the railways, machines and other means of production have become the private property of a small handful of capitalists. Because the proletarians lack all this. That is why the capitalists hire proletarians to keep the factories and mills going — if they did not do that their instruments and means of production would yield no profit. That is why the proletarians sell their labour power to the capitalists — if they did not, they would die of starvation…
…There can be no doubt that future society will be built on an entirely different basis.
Future society will be socialist society. This means also that, with the abolition of exploitation commodity production and buying and selling will also be abolished and, therefore, there will be no room for buyers and sellers of labour power, for employers and employed — there will be only free workers.
Where there are no classes, where there are neither rich nor poor, there is no need for a state, there is no need either for political power, which oppresses the poor and protects the rich. Consequently, in socialist society there will be no need for the existence of political power…”
Anarchism or Socialism Stalin 1907
Engels does a good job of explaining this Bolshevik “schizophrenia” of how black became white and state-capitalism became socialism .
“…The worst thing that can befall a leader of an extreme party is to be compelled to take over a government in an epoch when the movement is not yet ripe for the domination of the class which he represents and for the realisation of the measures which that domination would imply. What he can do depends not upon his will but upon the sharpness of the clash of interests between the various classes, and upon the degree of development of the material means of existence, the relations of production and means of communication upon which the clash of interests of the classes is based every time. What he ought to do, what his party demands of him, again depends not upon him, or upon the degree of development of the class struggle and its conditions. He is bound to his doctrines and the demands hitherto propounded which do not emanate from the interrelations of the social classes at a given moment, or from the more or less accidental level of relations of production and means of communication, but from his more or less penetrating insight into the general result of the social and political movement. Thus he necessarily finds himself in a dilemma. What he can do is in contrast to all his actions as hitherto practised, to all his principles and to the present interests of his party; what he ought to do cannot be achieved. In a word, he is compelled to represent not his party or his class, but the class for whom conditions are ripe for domination. In the interests of the movement itself, he is compelled to defend the interests of an alien class, and to feed his own class with phrases and promises, with the assertion that the interests of that alien class are their own interests. Whoever puts himself in this awkward position is irrevocably lost…”
The Peasant War in Germany Engels 1850
From Gerrymandering to Voter Suppression
The Republican National Committee has allocated $20m so far to oppose Democratic lawsuits across the country seeking to expand voting. Republicans are also seeking to recruit up to 50,000 people in 15 key states to serve as poll watchers and challenge the registration of voters they believe are ineligible, according to the New York Times.
Republicans have consistently supported voting restrictions citing voter fraud. Democrats have pushed to make it easier to vote, saying the focus on voter fraud is just an excuse Republicans use to disenfranchise certain Americans, particularly students and minorities. Several studies, however, have shown that voter fraud is exceedingly rare.
https://www.theguardian.com/us-news/2020/may/18/republicans-devote-20m-and-50000-people-into-efforts-to-restrict-voting
The UK Rich List
International Day of Living Together in Peace
COVID-19 should be a wake-up call
The problem is that in at least two of the warnings: a staggering 3.0 billion people worldwide have no water to wash their hands and over 1.8 billion people have no adequate shelter—or homes to go to.
“The poorest people in the world are being left to face the COVID-19 pandemic alone,” says WaterAid, “with not even the most basic defence — clean water and a bar of soap”.
AMAZON TO CUT WORKERS’ PAY
Whole Foods, the Amazon-owned supermarket chain, also informed employees Tuesday that their $2 hourly raises will end on June 1.
As Amazon moves to end small hazard pay increases for its workers, an analysis released Thursday by the Institute for Policy Studies found that Bezos—the richest man in the world—saw his wealth increase by $30 billion between March 18 and May 14.
“Amazon treats the humans in the warehouses as fungible units of pick-and-pack potential,” said former Amazon vice president Tim Bray, who resigned in disgust earlier this month over the company’s treatment of whistleblowers. “Only that’s not just Amazon, it’s how 21st-century capitalism is done.”
https://www.commondreams.org/news/2020/05/14/slap-face-bezos-wealth-jumps-30-billion-amid-pandemic-amazon-end-2-hour-hazard-pay
Super salaries at the supermarkets
Lewis, who will leave the business in September, has received a £2.4m annual cash bonus and another £2.4m long-term share bonus on top of £1.6m in basic salary and benefits. His basic salary alone is 355 times that of the lowest-paid average employee.
Lewis, who will leave the business in September, has received a £2.4m annual cash bonus and another £2.4m long-term share bonus on top of £1.6m in basic salary and benefits. His basic salary alone is 355 times that of the lowest-paid average employee.
Morrisons revealed that its chief executive, David Potts, received a total £4.2m pay package last year including a £2.3m long-term share bonus.
https://www.theguardian.com/business/2020/may/13/tesco-chief-executive-handed-642m-pay-package-dave-lewis
Pandemic – But Capitalism Prevails
The big wealth managers have found that banking for billionaires has swelled their own coffers with outsized transaction fees.
“Situations like this, while they pose risks and need to be very proactively managed, also provide opportunities, as we saw,” said Iqbal Khan, co-head of UBS’s $2.3 trillion global wealth business, which recorded its best first quarter since the financial crisis. UBS’s net margins on managed money rose to 20 basis points, their highest in years.
Credit Suisse managed double-digit profit growth in the quarter. U.S. lenders Goldman Sachs, JPMorgan and Bank of America also recorded jumps in wealth management revenue while private banks Pictet and Vontobel plan to open new branches and expand their teams.
The question now, however, is how to sustain profits as market volatility and trading volumes subside. Many are focusing on finding clients’ investment opportunities outside public markets – often involving distressed assets – as well as lending more to those whose businesses need extra cash to tide them through the crisis.
“If you’re a large family office today, you’re sitting on cash hopefully. You might loan that cash or provide it to a company you own, or you might deploy that cash to buy distressed assets that have long-term value,” said Claudio de Sanctis, Deutsche Bank’s global head of wealth management.
Private equity – particularly in areas related to distressed assets, healthcare or technology – has become a focal point, senior managers from four leading lenders told Reuters.
“Our investor sentiment survey clearly showed that, around the world, wealthy investors still have liquidity available to commit to risk assets,” said Tom Naratil, Khan’s co-head of wealth at UBS. The bank’s survey found that 37% of wealthy investors wanted to increase their investments over the next six months. And large banks are looking to help them do so through increased lending.
https://uk.reuters.com/article/uk-global-banking-wealth-analysis/coronavirus-crisis-a-window-of-opportunity-for-bankers-to-the-rich-idUKKBN22Q1U7
Mexico, Covid-19 and the supply chain