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Capitalism or Socialism?

What Does socialism Offer You?

  At present we who are workers are employed by Trusts, like the Soap, Oil or Electric Trusts; by companies not yet combined into Trusts; by Governmental and Municipal bodies; and by private individuals. In each of these cases people who have more money than they require to meet their needs use what is over either to buy shares or to buy what may be called "means of production," that is, machinery and whatever else is necessary to produce something that can be sold for a profit. This way of spending the surplus money is called investing capital, that is, spending money with the object of getting back more money that is paid out.

Editorial: What We Want

 A lot of make-believe capitalist sympathy has been slobbered over the working class recently as the result of the revelations of some of the horrors of working-class existence in the mining districts and in the East End of London; That the capitalists may make a genuine effort to improve these conditions is quite possible. The war has shown them that they have a C3 nation of workers, and the latest births and deaths returns have revealed to them the unpleasant prospect that unless they bestir themselves they will soon have no nation of workers at all on which to found the military and commercial supremacy of their Empire. But even if they do improve the workers conditions; if they stable them in palaces and harness them in “Workmen’s Charters"; if Lord Leverem finds that he can exhaust his men in six hours and does it, and Mr.

Capitalism - No

The Class War goes on without respite; this relentless struggle between us and our masters brings with it industrial conflict, poverty, humiliation, insanity and the wars which are fought for the world markets.

In the quest for profit all decent human feelings are pushed aside. Millions starve while mountains of food are burnt or dumped into the sea. If it is more profitable to produce arms than food, then so be it. People live in slums while luxurious flats stand empty because no one can afford to pay the rents.

Socialism in Debate

This speech was contributed by a student who is not a member of the SPGB, to a recent debate at University College, London, on the motion “This House Believes That Socialism is the Incestuous Child of Naive Idealism and Political Tyranny.”

(The motion was proposed by a prominent member of the National Association for Freedom.)

MR PRESIDENT, IT HAS ALREADY BEEN DEMONSTRATED TO THIS HOUSE, BY MY COLLEAGUE, THAT ALL EXISTING SOCIETIES, INCLUDING RUSSIA AND CHINA ARE ABOUT AS “SOCIALIST” AS THE RED SEA IS RED, SO THE PROPOSERS HAVE PROCEEDED UPON MISCONCEIVED ASSUMPTIONS.

Socialism will be a system of society based upon the common ownership and democratic control of the means and instruments for producing and distributing wealth by and in the interest of the whole community.

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