English

Against War When It Mattered

July 1917, and the bloody butchery of world capitalism had been unleashed for nearly three years. Workers in their masses were being sacrificed as human offerings to the insatiable god of profit. The recruiting sergeants, in different countries and different languages, poured forth the propaganda of nationalistic hatred.

Building Profits versus Building Homes (Part 1)

1. THE CONSTRUCTION INDUSTRY UNDER CAPITALISM

Housing is one problem of capitalism which has been a constant source of difficulty and is part and parcel of working class life. Few members of our class escape some aspect of housing trouble. Whether it is the complete crisis of homelessness, or the stress involved in keeping our homes through paying rent or repaying a loan. Most members of our class live in relative poor housing, some of which is within the bounds of adequacy, while the rest reflects the worst in living conditions.

Capitalism and Underdevelopment: Where Leninists Go Wrong

The whole Leninist theory of imperialism turns on two or three major concepts: the twin notions of super-profits and super-exploitation, monopoly (defined in a strictly legal sense) and investment strategy. In Imperialism: The Highest Stage of Capitalism (1916), Lenin pretended to have discovered an ultimate and final stage of capitalism, and this discovery has been widely attributed to his astute grasp of the materialist conception of history. Reading his pamphlet between the lines, however, we discover the existence of at least five acutely unMarxist tendencies:

Capitalism as a World System

Capitalism is basically an economic system, one in which production is oriented towards the accumulation of capital out of monetary profits realised on the market, the source of these profits being the unpaid labour of those who produce the goods that are sold. Production for a market, the accumulation of wealth having a monetary value, and even the exploitation of wage-labour had existed since ancient times but as more or less isolated practices rather than as a complete economic system.

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