The Problems of Reformism

November 7, 2018

Below, we look at how some reform legislation has fared in capitalism. Environmental regulation The difficulties of regulating the profit system have shown up in recent attempts to reach an international agreement on ‘greenhouse gas’ emissions, which are causing global warming. The proposed agreement, known as the Kyoto Protocol, was rejected by the US, the …

Holes in the ‘Safety Net’

A vision of a stable, poverty-free capitalism was shared by many during the post-war years of steady economic growth. Through government investment and economic control, it was thought that severe slumps, like the 1930s Great Depression, could be avoided. Poverty, squalor and disease, it was claimed, would be a thing of the past (Economic Slumps—What …

Booms and slumps – what causes them?

November 6, 2018

“Recessions,” “Slumps,” or “Crises,” as they are variously referred to, are now accepted as a quite regular part of economic life. Politicians now rationalise such crises, describing them as a “necessary pain” to be endured every so often. Ultimately, it is the economy that controls politicians and not the other way around. What is an …

How we could feed the world

The extent to which malnourishment and death from starvation still pervades human society is made clear by statistics, such as the following: In 1994, the United Nations estimated that one eighth of people were actually starving.(1) “Millions are constantly hungry; while others suffer from deficiency diseases and from infections they would be able to resist …

Government or Democracy?

Should we vote in a new government? Or should we link up with the struggle to usher in a democratic society? We are being asked to elect a new government through what is said to be a democratic process. It is true that the vote, together with other hard-won rights such as the rights of …