[mullrae]

Can anyone remember this anthem being booed before.

[mullrae]

Workers of the world, surely.

[mullrae]

Well socialism isn’t just about you.

[mullrae]

I think people are missing the point, the point is if we claim to be the second oldest political party in the UK, then we have to be able to back that claim up, otherwise we are no better than any other political party.

[mullrae]

So as far as you are concerned the labour party didn’t exist in 1900, it was a committee and not a party as such.

[mullrae]

The conclusion is that capitalism is an incredibly wasteful society and as Marx/Engels and others pointed out needs abolishing and replaceing  with a saner society of production for use without the need of coins , bills of payment and paper/plastic notes .

[mullrae]

I didn’t say that the banks control the system and banks as you pointed out flout the rules , they go bust , overlend and like any other business in capitalism will make use of any means that they think will bring in more money , and as you point out react to the market and not control it .

 

[mullrae]

To me at least what his quote says is , the bankers were using notes to gain more control over the financial sector .

 

[mullrae]

I understand what has been written , but if it makes no difference if sovereigns are put into circulation or notes , then why would Marx make such a statement , surely the bankers have to be saving or gaining by notes being issued rather than gold coins , otherwise there’s no trick .

 

[mullrae]

Is the simple answer to this there wasn’t enough gold in the 1850s to carry on minting sovereigns as the economy expands , gold being used for foreign exchange at the time in the form of bullion  , read a fair bit about the Bank of England at that time . Although banking hasn’t changed the mint doesn’t use gold coins anymore other than to sell to collectors ,  the link doesn’t explain the bankers trick , if the gold is only worth its face value then having a pound or a sovereign makes no difference .

 

[mullrae]

The only thing I could find was this but how Marx was supposed to have falsified anything is beyond me https://www.marxists.org/archive/marx/iwma/documents/1867/blue-book-speech.htm any views gratefully accepted regards ian.

[mullrae]

Lynx kepler on Quora stated that marx had basically falsified steel and iron imports,exports to belgium in support of the belgium workers union.I followed the link but it doesn't make much sense to me so I wondered if anyone else had any views on Marx and the blue books regards ian.

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