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“Socialism is Illogical and Irrational” Free-market capitalism, left to its own chaotic and predatory  devices would self-destruct in very short order. I’ve been told this on a number of occasions when attempting to discuss the pros and cons of socialism and capitalism . . . not that the proponents of that view can offer any evidence that the present system of free-market capitalism is either rational or logical. Theirs is the response of the semi-secure, semi-comfortable, and semi-informed; they sit within the bubble that the system allows them, observing the world through the reversed telescope of capital’s media machine. What they see, hear and read “informs” them and shapes their world-view. When compared with much of the rest of the world their semi-existence looks infinitely better than that of the vast majority of humankind. Better not to rock the boat, better not to question, better to be satisfied with one’s lot, better to follow the advice of our leadership, after all, didn’t we elect them to take the difficult decisions in our name? Following the crisis of “9/11” didn’t Bush suggest that the best contribution the citizenry could make was to kick-start the economy back into top gear? Don’t think, don’t question – consume! The capitalist system is rather like an onion. At the centre sits the elite controlling the system and drawing to themselves the fruits of the labours of the rest of us. From this centre each skin or layer gets progressively bigger with those nearest the centre being granted the largest share of the remunerations and benefits that form a part of the “overhead costs” that capital incurs, and those at the outside who are deemed to be totally non-productive by the elites, receiving nothing – not even the right to exist. Whilst those who are near to the centre refuse to see the faults and failures of the system, there are two groupings who recognise the failings only too well – those on the outside who are robbed of everything, often even their lives, and those at the centre – the thieves and murderers themselves, aka the elites. We are conditioned to believe that the free-market capitalist system has always been around and because it’s the only system that actually works, will always be around. First, it actually doesn’t work. Free-market capitalism, left to its own chaotic and predatory devices would self-destruct in very short order. Second, there really is no free-market capitalist system in the developed world – the “free-market” is reserved for the rest of the world, the people and resources that are there to be exploited and plundered. In the developed world the elites have established a system of protectionism and state intervention through subsidies that pass as government contracts; the defence industry with its associated satellite firms is perhaps the definitive example. Through these and similar routes the elites can regulate their economies in an attempt to balance the short-termism that is inherent in the “maximum-profit-now-regardless-of-consequences” free-market. Whilst scorning “big government” in public the capitalists are creaming off vast amounts of money from the so-called public purse through government contracts and through bail-outs for “vital” industries where greed, fraud and ineptitude has resulted in the likely collapse of part of the capitalist’s empire. Witness the revolving door that allows the so-called Captains of Industry or key managers within the bureaucracy to be “fired”, handed huge severance payments and then immediately rehired somewhere else on even higher remunerations. Could there be a better indicator that the elites recognise that there really is no skill in “working” the system, only chance. As long as you are a paid-up member of the free-market masonic club there will be warm hand shakes and even warmer hand-outs as you head off for your next boardroom appointment. The logic and rationale of socialism is that at its heart lies the principle, not of maximising profits for the few, but of meeting the needs of everybody on the planet. From that it follows that exploiting people or the environment upon which they depend for the short-term benefit of a few chosen individuals is purely illogical and irrational. Witness that illogicality, that irrationality of capitalism in the following comment by Noam Chomsky in conversation with David Barsamian, “Keeping the Rabble in Line” on a news item in the business section of the New York Times  (7 February 1992) about a report prepared by Lawrence Summers, chief liberal economist at Harvard, for the World Bank setting out its position for the Rio conference in June that year:

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Socialist Standard January 2008