Wealth Inequality in India


Thomas Piketty et al have analysed wealth inequality in India. Their findings add a little bit more meat to the information bone of global wealth inequality but are, in the context of capitalism, not that surprising.

India’s richest 1% of the population earned 22% of the country’s income and held 40% of its wealth during the last financial year, a new study published has suggested. These levels are “historically high” for India and even above those of developed economies such as the US, the paper notes.

The research paper, co-authored by economists Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi, claims that wealth in India, the fastest-growing large economy globally, is largely concentrated among the richest 1% of the population, whom they refer to as India’s modern bourgeoisie. They claim that the wealth distribution in the country is now more unequal than during British colonial rule.

“In 2022-23, 22.6% of national income went to just the top 1%, the highest level recorded in our series since 1922, higher than even during the inter-war colonial period. The top 1% wealth share stood at 40.1% in 2022-23, also at its highest level since 1961 when our wealth series begins,” the study says.

Citing data from the Forbes billionaire rankings, the paper said the number of Indians with net wealth exceeding $1 billion increased from one in 1991 to 162 in 2022. Over this period, the total net wealth of these individuals as a share of India’s net national income surged from under 1% in 1991 to a whopping 25% in 2022.

At present, India’s richest person, Mukesh Ambani, who is also the richest in Asia, has a net worth of $114 billion. He was recently in the news for hosting a lavish wedding for his son that was attended by dozens of international celebrities, including Bill Gates, Meta’s Mark Zuckerberg, Blackrock co-founder Larry Fink, Alphabet CEO Sundar Pichai, Ivanka Trump, and others.

Despite the reported disparities in income, the Indian economy is growing robustly and is poised to become the third largest in the world within the next three years. The country’s GDP grew 8.4% between October and December 2023, the fastest pace of increase in six quarters.

The country’s central bank, in its latest bulletin, noted that India can maintain its 8% GDP growth given the favourable macroeconomic environment.’





The “Economic Calculation” controversy:


The “Economic Calculation” controversy: unravelling of a myth by Robin Cox (2005)

From issue 3 of the Common Voice journal
The economic calculation argument (ECA) has to do with the claim that, in the absence of market prices, a socialist economy would be unable to make rational choices concerning the allocation of resources and that this would make socialism an impracticable proposition. Tracing the historical development of this argument, this article goes on to consider some of its basic assumptions about how the price mechanism actually works in practice; in so doing, it attempts to demonstrate that the argument is based upon fundamentally shaky foundations. A rational approach to the allocation of resources in a socialist economy is then sketched out. Such an approach is predicated on a particular view of socialism as entailing a largely decentralised — or polycentric — structure of decision-making in contrast to the view typically held by proponents of the ECA that socialism would entail central — or society-wide — planning. Applying a decentralised model of socialist decision-making, this article identifies a number of key components of such a model and goes on to show how, through the interactions of these key components, the objections to socialism raised by the ECA are decisively overcome.

A long read but a worthwhile one. 

Continued at link:

https://socialiststandardmyspace.blogspot.com/2024/03/the-economic-calculation-controversy.html 

UK Absolute Poverty Rise


From the BBC website, 21 March

Absolute poverty: UK sees biggest rise for 30 years

The energy price crisis caused the sharpest increase in UK absolute poverty in 30 years, new figures show.

Steep prices rises, following Russia’s invasion of Ukraine, meant hundreds of thousands more people fell into absolute poverty.



The figure jumped to 12 million in 2022-2023, a rise of 600,000 – or 0.78 percentage points.



Absolute poverty is the measure used by the PM when describing the government’s record.



Even more families would have fallen into absolute poverty had it not been for government support like the Cost of Living payments.



Work and Pensions Secretary Mel Stride – whose department compiled the figures – pointed to the government’s “biggest cost of living package in Europe, worth an average of £3,800 per household”.



The government says that without these measure the increase would have been three times worse.



Mr Stride said the government’s “unprecedented support prevented 1.3 million people from falling into poverty in 2022-23”.



The figures were collected before the 10% rise in benefits and pensions that took effect in April 2023.



Labour said the statistics were “horrifying”.

“The Conservative government crashed the economy and unleashed a cost of living crisis, pushing families across the country into poverty and a million children into destitution”, said shadow employment and social security minister Alison McGovern.

The figures were a “wake-up call moment”, according to the Liberal Democrats.

“This is a devastating rise and behind these numbers will be stories of children going hungry and families unable to heat their homes,” said the party’s Treasury spokesperson Sarah Olney.



https://www.bbc.co.uk/news/uk-68625344



Now advertise the solution, go on, we dare you.

Accidents will happen

 

Two whistleblowers were in the news recently. One at Boeing (USA), one at a holiday camp (UK). Both warned management about substandard work, both were ignored and told to keep quiet.

The results: reject components fitted and bits falling off aircraft, ceiling falls on holidaymakers. Why? To save money and protect the owners’ profits. Just two horrible examples of how the interests of capitalists adversely affect all of our lives.

Even more heinous crimes are committed in the name of profit, including wilful concealment of evidence that products are a risk to human health (think Grenfell cladding, think the entire tobacco industry).

Take profit out of the equation and we’ll all be better off.

Socialist Sonnet No. 140

Suff(e)rage

 

With votes, like fortune’s lots, having been cast,

What does the following count amount to?

Omniscient autocrats can accrue

More votes than voters, just by playing fast

And loose with democracy, for nation,

Or God, or both. With destiny fated,

Opposition can’t be tolerated;

An image is a fragile creation.

Yet, where there’s left, right and centre et al,

Parties compete with vainglorious boasts

To purloin lucrative government posts,

But won’t impinge on the rule of capital.

Whether blatant or subtle, all depends

Upon market forces and dividends.

 

D. A.

German Workers and Capitalism

 

Workers living in the state of Germany find themselves, like many others, suffering from the vagaries of capitalism.

‘Germany’s 2022 living standards took the biggest downturn since World War Two a report released by the Forum for a New Economy has suggested. The decline is attributed to the energy shocks that sent prices for consumers soaring.

Economists from the Berlin-based think-tank highlighted that the decline in Germany’s economic output recorded in 2022 is comparable to the financial crisis of 2008 and the short-lived decline during the Covid-19 pandemic in 2020.

The failure to protect the country’s industrial sector from energy price spikes is expected to turn the 2020s into “a lost decade for Germany,” the analysts have warned, calling the crisis “the worst economic downturn in the country since World War II.”

For years, Germany’s prized industrial sector had been fuelled by relatively inexpensive Russian gas. However, since the Ukraine conflict erupted in 2022, Berlin has opted to forgo energy from Russia in favour of costlier alternatives, including American liquefied natural gas.

According to the report, real wages measured against pre-crisis forecasts dropped by 4% from April 2022 to March 2023, while output declined by 4.1%.

Germany’s economy shrank by 0.3% in 2023, according to the federal statistics agency Destatis. However, the country managed to avoid a technical recession after the second-quarter figures were revised to 0.1% growth.

Two consecutive quarters of negative growth are widely considered to mark a technical recession.

The Bundesbank, Germany’s central bank, recently forecast growth of 0.4% in 2024. However, some financial institutions, such as the country’s two largest lenders, Deutsche Bank and Commerzbank, expect German GDP to decline again this year.

Meanwhile, EU Commission’s most recent forecast for the Eurozone shows an expected increase in GDP of only 0.8% in 2024, down from the previous forecast of 1.2% growth made last November.’

This Editorial from the August 1931 issue of the Socialist Standard contains much still of interest.



‘The present situation in Germany, and the international financial crisis springing from it, brings into clear light some of the contradictions bound up with the capitalist system of production.



Germany was defeated in the war and the victors hastened to collect the fruits of victory, but there were a host of obstacles in the way. The fruits could only be obtained from the surplus value (unpaid labour) wrung from the German workmen. In order that German workmen should be able to labour German industries must flourish. This fact, and the international nature of capitalist investments and banking operations, along with the international complications of buyers and sellers, frustrated any attempt to ruin German national capitalists. The victors dared not kill the goose that they hoped would lay the golden eggs. Germany was like the debtor with “expectations” who had to be kept alive and well.



Since the war German industries have developed and German industrial competition has been keenly felt in all direction. When attempts have been made to curb their industrial aspirations, or press for reparation settlements they just pointed to probable ruin as the result. Their plan of campaign has been aided by the mutual distrust and jealousy of the erstwhile allied nations. France, in particular, whose position looked to be most promising, has constantly felt the pressure of its allies in thwarting its industrial designs.



Although France has undergone a rapid and thorough industrial revolution in recent years, the progress of its industrial magnates is hindered by the intrigues and jealous activities of their rivals in other nations who have suddenly discovered an altruistic interest in Germany’s welfare. These other nations frequently call upon France to make concessions to Germany and foster the idea that France is the thorn in the rosebud. In the meantime, German capitalists pile up their fortunes and their debts, grin, and groan about the burden of the peace terms—which deprives them of a portion of the fruits of the German workman’s labour.



In particular, the growing gold reserve of France has been the subject of much feeling to outside capitalists. The present German crisis has been seized upon at once to try to induce France to disgorge some of it. The “News Chronicle” for July 14th in an editorial article under the heading “France’s great opportunity,” puts the matter bluntly as follows:

The world is face to face to-day with an economic situation more sinister than any with which it has ever been confronted. Unless from some source credit and confidence can be promptly restored in Germany, Germany will collapse.

The situation thus created places France in a position which is really decisive. On the one hand she is the only European nation which possesses the financial resources necessary to meet the case, and, on the other hand, she alone can create the atmosphere of goodwill and confidence, without which no outside financial help is likely to be forthcoming.

Conferences of international financial advisers and political “heads” have been held and, at the moment of writing, France appears to have been induced to do her share in backing a loan.



The “Sunday Express” for July 19th printed a long article setting forth the financial details of the situation, from which the following points are taken :—

Germany owes America £650 millions; America also has £300 millions invested in German industrial securities and real estate.

Germany owes England £150 millions, and about £100 millions to France, Switzerland, Holland and Sweden, but not much of it to France.

Included in the above totals is £300 millions of short term loans to Germany repayable in October. It is this money that has caused the crisis as Germany is unable to find it.

£150 millions of this short term money is due to America and £100 millions to England.

France’s interest in the above is negligible. On the other hand she has a large amount on short term loans in Roumania, Hungary and Poland—which goes if Germany collapses. Apart from this, France’s main interest is in the £50 millions reparations money guaranteed annually under the reparations agreement. The fall of the German government, which seems certain if they either accept conditions for a loan or fail to surmount the crisis, will probably ruin English and American merchant banking houses and compel France to say good-bye to the £50 millions a year.



The “Daily Express” article contains one statement to which we must call attention, although it is really outside the subject of this article. There has been an almost unanimous moan about the shortness of money in this country, and an attempt to trace industrial troubles to this source. It is therefore useful to note the following from the above mentioned article:

  “Meanwhile,” what about Great Britain? She is in a good position. If it were necessary for her to meet her foreign obligations we could mobilise from all sources—we could send out of the country —as much as £100,000,000 in gold, without disturbing the necessary cover for the note issue of the Bank of England.”

The real crisis in Germany, however, is political rather than financial. It is a fight for life on the part of the coalition Government parties. The Hitler Party and the Communists repudiate the reparation terms and seek to blame reparations for the present situation, and with them the Government and also the Social Democrats, whose votes have more than once saved the Government from defeat. These parties are on the horns of a dilemma. If they repudiate the reparations agreement and Germany crashes, they will go down too. If they stand by the terms of it Hitler and his group (now the second largest party in Germany, the Social Democrats being the largest) will probably swoop into power. There is a third way out for them—to invite Hitler into a coalition Government, in which case they would all stand or fall together. At the moment the interested parties outside of Germany are anxious that the coalition parties should retain control on account of the risk of debt repudiation in general.



At the moment the Social Democrats are using their votes to prevent the defeat of the Government. On the 17th July the Reich and State Governments were given power to confiscate or suppress at discretion any periodical in the country. They can compel any periodical to insert in the position, in the type, and with the headings they demand, and without any comment, any statement or declaration whatsoever. (“Sunday Times,” July 19th.)



That such steps should be deemed necessary is an indication of how frail is the Government’s hold upon power.



There is one lesson the last few days should make plain once again. Socialism cannot gradually arise in a capitalist world. The German S.D.P. has professed to be aiming at Socialism and believes it possible to introduce it gradually while still assisting in the administration of capitalism in association with capitalist parties. But the running of capitalism demands so much (quite apart from corruption and the like), and its financial operations are so complicated, that there is neither the time nor the means left to do other than make the machinery run smoothly. When the machine gets out of gear those at the head of affairs and all parties supporting them get their due—the antagonism of the masses

The reparations question, and the financial crisis generally, is occupying the whole of the attention both of the German Social Democrats and of the British Labour Government. Mr. MacDonald told the London Conference on Monday, July 20th, what was the issue. He said (”Daily Herald,” 21st July) :—

Our position, therefore, in a word, is to restore the confidence of the foreign investor in Germany.

What a spectacle for laughter! The English and German Labour leaders struggling to avert the ruin of the bankers and to restore the confidence of the investing class in the stability of German capitalism !’

https://socialiststandardmyspace.blogspot.com/2019/03/the-german-crisis-1931.html










Financial Difficulties Advice: Abolish Capitalism!


As capitalism continues to exacerbate the financial problems of very many, living as we all do in a social system that is exploitative and profit based, the ‘solutions’ on offer are, as usual, of the band aid type rather than of the drastic surgery which is the only panacea.

The Guardian reports that, ‘A record 6.7 million people in Britain are in financial difficulty, a campaign group has claimed, as the cost of living crisis pushes more households into debt.

A survey for Debt Justice found that 13% of adults had missed three or more credit or bill payments in the last six months, a figure that rose to 29% among 18- to 24-year-olds and a quarter of 25- to 34-year-olds.

Although energy bills and some other prices have fallen from their peak, rents and mortgages are much higher than before the crisis and are straining household budgets.

The Insolvency Service’s latest figures showed 10,136 people entered insolvency in February, a rise of 23% on the same month last year.

Debt Justice said it wanted all political parties to commit to helping those in unmanageable debt to make a fresh start and to give them protection against harassment by debt collectors.

Joe Cox, a senior policy officer for Debt Justice, said “We need to see policies in party manifestos that can match the scale of the UK’s household debt emergency. As millions of people are currently weighed down by debt and under intolerable strain, it is time for some political leadership.”

Bruce Connell, Crosslight Advice’s chief executive, said almost half of those who contacted the charity for help have had to cut back or go without food because of financial pressures.’

https://www.theguardian.com/money/2024/mar/18/record-numbers-of-uk-people-in-debt-warns-charity



The following is from the Socialist Standard, June 2016

‘From Shakespeare’s Shylock to Dickens’ Scrooge, moneylenders have generally had a bad literary press, probably revealing people’s instinctive reaction to them, but their place in society remains central. We examine the role of debt in working-class life.

Robert Roberts’ The Classic Slum describes life in Salford in the first part of last century. The pawnshop was an essential part of the local community; many people were dependent on the short-term loans offered, with women often pawning the family’s ‘best’ clothes on Monday until the following Saturday. There was a social hierarchy among the working class, with skilled workers at the top, and various ‘disreputable’ individuals at the bottom; and position ‘was judged not only by what one possessed but also by what one pawned’. True destitution meant pawning not just clothes but also pots and rugs, and finally not being able to redeem what had been left with the broker. The interest charged was usually a penny in the shilling per week; sky-high, but less than the moneylender, who charged threepence in the shilling per week.

Pawnbroking is not now the widespread industry it was in the days Roberts was writing about, but it began to grow again from the 1980s. There are now over two million loans a year, and the market as a whole is worth £850m, though the average loan is less than £200 and is for three or four months. The National Pawnbrokers Association states that 88 percent of loans are redeemed, but that still leaves around 250,000 which are not (though this does not mean that the value of the goods has been completely lost). The NPA describes pawnbroking as ‘a serious alternative to using the services provided by the High Street bank’ and ‘a modern, friendly and convenient way of getting cash quickly’. They claim it is cheaper than a bank loan or using a payday lender.

In July 1954 war-time food rationing came to an end, as did restrictions on hire-purchase (‘never-never’) agreements for consumer durables such as radios, fridges and vacuum cleaners. This meant buying what were then relative ‘luxuries’, in contrast to buying essentials such as furniture this way back in the 30s. Nowadays, hire purchase is often used in buying cars, including companies buying a fleet of cars. For personal consumers, it avoids the need to pay a big sum up-front, but it can lead to problems: if you return an item after paying less than half its cost, you have to pay enough on top of what you’ve already paid to make up that half cost (so you might get just three months’ use of something but have to pay a year’s worth of instalments).

The extreme case of hire-purchase is that of the weekly payment stores, which make big profits, primarily from the massive interest rates they charge on their loans and the service cover they also sell. Back in 2012 the Guardian gave an example of an oven that could be bought from one such company for £562 (or £389 elsewhere) but would cost a whopping £1433 if bought on weekly instalments from that same company with service cover over three years. Sales pressure plus an inability to pay by other means can easily result in people taking on such commitments without quite realising what they are letting themselves in for.

If people are having trouble repaying any kind of debt, they may well have recourse to one of the payday loan companies that now exist on almost every high street. But these again are incredibly expensive, with annual interest rates sometimes topping several hundred percent. The debt charity Step Change gives an example of someone borrowing just £200 for twenty days at the maximum allowable rate of 0.8 percent a day. If you repaid the loan on time, you would pay back £232, which is already quite a stiff rate of interest. But if you are late, then the interest mounts up, a late fee is added and you have to pay interest on the late fee. If you are ninety days late repaying, you would repay £400 (double the original loan, and the legal maximum that can be charged).

As this suggests, being poor is in itself expensive. Using prepayment meters for energy is more expensive than a standard tariff; and borrowing money means a higher rate of interest if you do not have a good credit record. No wonder debt counselling has become a minor industry in its own right. Some writers have even referred to there being a ‘poverty industry’.

Mortgages are of course the biggest source of debt, while students typically have over £40,000 in debt when they graduate. But plenty of people borrow – especially from payday loan companies and even doorstep lenders – to pay for everyday expenses such as food and energy as they struggle to make it to the next payday. They also borrow to pay for Christmas and so avoid disappointing their kids. And they borrow to pay off existing debts, which can swiftly lead to things spiralling out of control. Losing your job, falling ill, the break-up of a relationship: all these can tip people over the edge into chronic indebtedness.

The Money Charity provides a great many statistics on the extent of debt. For instance, in February this year, the average debt per household, including mortgages, was over £54,000. Outstanding consumer credit lending was £180bn, including £63bn on credit cards. Every day over two hundred people are declared insolvent or bankrupt, and twenty-five properties are repossessed. Other sources have noted the big increase in household debt over the last year or so, with the average increasing by over a third to £13,500 (mortgages aside). Shelter reported that one in ten parents thought that they might be unable to pay their rent or mortgage bills in January this year. Moreover, in March the increase in borrowing was the biggest since March 2005, before the recession began, leading debt charities to become increasingly worried.

The definition of ‘problem debt’ is when a family pays more than 25 percent of their gross monthly pay on servicing unsecured debts, and this applied to 3.2 million families by 2014 (up from 2.5 million in 2012). The pressure of debt can be overwhelming. In the words of one man who eventually did cope with his problems: ‘I felt like I was drowning, felt trapped. There was no light coming from anywhere, it was horrendous. And at one point I did go really dark and I did want to end it all’ (BBC Online, 20 January). Some people do in fact commit suicide because of their debt problems. In November 2013, for instance, a 60-year-old man from Southampton killed himself after taking on £20,000 in debts from twelve payday loan firms: his jobseeker’s allowance had been stopped on the grounds that he was fit to work, even though he had an illness that prevented him from swallowing (Daily Mirror, 22 July 2014).

Pawnbroking dates back at least to Ancient Greece, but it takes capitalism, with the cash nexus touching almost all aspects of life, with the never-ending influence of advertising, and with the insecurity felt by many workers, to make so many people subject to the worry and pressure of debt.’

Paul Bennett



https://socialiststandardmyspace.blogspot.com/2016/06/living-on-tick-2016.html


Capitalism’s War Addiction: Working Class Expendable


Latvia joins ‘other European countries where conscription is already mandatory including Austria, Belarus, Cyprus, Denmark, Estonia, Finland, Greece, Lithuania, Moldova, Norway, Sweden, Switzerland, Turkey and Ukraine. ‘

https://metro.co.uk/2024/02/07/latvia-introduces-compulsory-conscription-men-aged-18-27-20236904/

The UK had mandatory conscription in WW1 and WW2 after which National Service was in force until 1960.

It is reported that, ‘Britain and other NATO allies should consider conscripting citizens into the military to counter the supposed threat from Russia, the Latvian foreign minister told The Telegraph.

Latvia re-introduced compulsory military service earlier this year, in response to the Russia-Ukraine conflict, as Riga strives to increase the size of its “active and ready reserve.” The updated rules oblige all male Latvian citizens aged 18 to 27 to complete one year of service, including those living abroad.

When asked whether the UK and other countries should follow suit, Krisjanis Karins said: “We would strongly recommend this. We are developing and fleshing out a system of what we call a total defence involving all parts of civil society.”

The Latvian diplomat also urged London to raise its defence spending to 3% of gross domestic product, describing the move as “inevitable.”

NATO countries should consider a “total defence” model in which large numbers of citizen-soldiers could be potentially called up at short notice, according to the minister.

Latvia has borrowed elements from the Finnish conscription system, which “could be a very good model for many of us,” Karins said, adding that Finland has a small standing army, “but a very large, very well-trained” war-time reserve “so they can easily call up a 250,000 trained military”.

In January, the UK Chief of the General Staff, Patrick Sanders, called for “training and equipping” civilians for a potential call-up in the event of a direct conflict with Russia. However, British Prime Minister Rishi Sunak insisted that there are no plans to introduce conscription.

Britain’s army, navy, and air force had 184,865 active-duty personnel as of late 2023, the lowest figure since the end of the Napoleonic wars. The army has seen its headcount shrink from more than 100,000 in 2010 to 75,983 at the end of last year.

Latvia has been on the frontline of the West’s confrontation with Moscow along with Estonia and Lithuania since the launch of Russia’s military operation in Ukraine. The former Soviet republic, whicho shares a 284-kilometre border with Russia, joined the EU and NATO in 2004, and abolished conscription in 2006.’

Plus ça change, plus c’est la même chose !

The following comes from the Socialist Standard, December 1912.

‘The question as to whether or not conscription will, in the near future, become a necessity, appears to be once again very much “in the air.” Lord Roberts in the course of a recent speech, during which he implied the failure, and foreshadowed the disintegration, of the Territorial force, advocated more strenuously than ever his pet notion of universal military service. In this advocacy he is, of course, acting quite logically —more logically, indeed, than those “lovers of peace” (chiefly to be found among the Liberals and Labourists) who, while upholding and using all their efforts to maintain the present capitalist social system, at the same time deprecate what is, in reality, quite in accordance, morally and politically, with the development of capitalism.



Professor Edward Jenks, in his “Short History of Politics,” points out that the principle which binds together modern social groups is military allegiance. He continues

“In the States which practice conscription, or universal military service, this is very obvious. The most heinous political offence which a Frenchman or German can commit, is attempting to evade military service; or, possibly worse, taking part in military service against his own country. But even in Great Britain, where conscription is not practised, the tie is really the same. It is unquestionable that the Queen,” (this was written in 1900) “through her Ministers, has the right, in case of necessity, to call upon every one of her male subjects to render personal military service; and any British subject, captured fighting against his country, would be liable to suffer death as a traitor.”

To put the matter clearly, the social group known as capitalist society is bound together by the tie of military allegiance. Capitalist society exists, and is allowed to exist, by the will of the majority of the units of which it is composed. Therefore such units should be prepared to do their share in the maintenance of the tie which binds the system together, seeing that they are in favour of the capitalist system of society.



But to those who happen to loathe capitalism, and all its insane and unhealthy institutions, and whose aim is to hasten its downfall in order to raise in its stead what they consider a rational, sane, and healthy system to the Socialist, in fact — the whole question takes another aspect.



The Socialist will ask himself : “What is conscription to me and my class? Will it benefit me or the class to which I belong ? ”

To a man such as Lord Roberts, who has managed to make a fortune and win a title through professional soldiering, military service will, of course, seem all that is desirable. But what the devil is the poor drudge of capitalism, the wage slave, to get out of it? A fortune and a title? Hardly! At what should be the best portion of his life — his early manhood — he would be taken, numbered like a convict or a beast of burden at a cattle show, herded with his fellow beasts in compounds, trained and drilled and bullied and brow-beaten, taught to walk upright and to handle a rifle, taught to shoot sufficiently straight to kill and maim certain of his fellows (whom he has never seen before and with whom he has no quarrel), coming out of the Army at the end of his term with all the virtues of an efficient, non-thinking, non-questioning wage-slave, with all the initiative and all the self-confidence knocked out of him. Truly a delightful prospect!

Lord Roberts and his co-agitators talk glibly of patriotism, of the duty of defending the Empire, of the glory to be obtained in resisting the encroachments of Germany. Let these people who talk so much about patriotism and duty and glory show, however, how the British working man would be any worse off under the rule of William of Germany than he is under George of England (even admitting the almost unthinkable possibility of a German occupation of Great Britain).

As the average member of the working class has no property to defend, no country to call his own, no prospect of ever being in a better position under capitalism than he is in now, why should he fight to maintain the rights of those who have property, who have a stake in the country, who are in a position of opulence?

It is significant to notice how, not only at the present day, but in all history and through all literature, it is always the man who has something to maintain, something to defend, who talks about duty and patriotism, about the honour of the country and the glories of the Empire. Having nothing, what necessity is there for us to fight in order to defend that nothing?

Still, as aforesaid, if the people of Great Britain are so much in love with capitalism, so desirous of upholding the institutions of modern society, it is their obvious duty to defend their little corner of capitalism with all their strength.

We, as Socialists, for our part, are not particularly concerned with conscription one way or the other, except in its aspect as being a phase of capitalist development. With the downfall of capitalism will fall all the institutions of capitalism — militarism included. Instead of wanting to be trained and drilled so that at the word of command we may slaughter and maim certain of our fellows, against whom we have no cause for animosity and who are all in the same social condition of life as we are, we are training and drilling ourselves to be ready for the time when the workers of the world will unite in establishing a sane, healthy, and joyous system of society the system we know as Socialism. Our object is not to destroy life, but to raise it to a plane where it shall have free play for all its activities. Which is the better ideal, ours or the militarists’ ?

When the question is considered, one feels almost sorry for such men as Lord Roberts, whose only aim in life seems to be the organisation of a universal army of professional murderers. What a glorious ideal of what noble human beings! And what a heaven sent system that breeds such men and such ideals!’

F. J. Webb

https://socialiststandardmyspace.blogspot.com/2017/11/conscription-1912.html