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Monopoly

Past, Present, and Future

 Andrew Carnegie! Pierpont Morgan! Names not without meaning to the man in the street, but, to the Socialist, symbolic of something of far deeper significance than their mention calls up in the mind of the uninitiated.

 Designative of types of two distinct orders of capitalist dominators, representative of two definite eras of industrial history, they bear inconvertible witness to the truth of our scientific conclusion anent the evolutionary nature of capitalism. They are to be cherished as invaluable aids to the understanding of one of the most important lessons the workers have to learn; as raised letters to the blind, ocular demonstration to those who cannot hear.

 As far as may ever be properly said  of human kind, the men they nominate are makers of a page of history incomparably more pregnant of consequences to the world than any which chronicles the activities of royal hero or military genius—ancient lights or modern. They mark an epoch.

The Waste of Competition

 [From "The Industrial Revolution," by Charles Beard, preface to second edition.]

      While admitting that our present maladjustments are the outcome of the “social form of production and the individual form of appropriation and exchange,” I contend that this system wastes more wealth than it contributes to landlords, capitalists and moneylenders. The statistics are not at present forthcoming to prove this statement, but a few figures will illustrate my point.

The Passing Show: African Edition

Don't do as I do

Sir Roy Welensky has made the point several times recently that African politicians in the Rhodesian Federation must not presume to aspire to the Premiership. For example, in a statement reported in The Times (18/1/60) Sir Roy said: “Ambitious African leaders wanted a break-up of the Federation because it would mean fulfilment of their personal ambitions to be Prime Ministers and Ministers of black States."

Socialists have their own opinions about "ambitious African leaders," or about ambitious leaders of any nationality. But if anyone can lecture others about their "personal ambitions to be Prime Ministers," surely Sir Roy Welensky can't. He used to be Premier of Southern Rhodesia, and is now Prime Minister of the Rhodesian Federation. Another case, it seems, of "Don't do as I do, do as I say.”

Capital is safe

Socialist Economics: 3 - Money and Prices

The whole financial edifice of capitalism at first sight appears incomprehensible to the average person. Ignorance concerning the financial and monetary system has given rise to many unsound theories, and consequently has prevented a proper understanding of what it is, how it came into being, and the circumstances which will make the monetary system unnecessary. This is not an intellectual exercise but a vital element in exposing the nature of capitalism.

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