Finance and Industry

Who goes bust?
Many workers refuse to accept the hard fact that they have been condemned for life to work for a wage or salary for those who own the means of wealth production. Spurred on by stories of how ordinary workers have risen to be wealthy capitalists, they imagine that they, too, can do this. Such people long for their own shop or snack-bar or garage to escape from wage-slavery, Unfortunately for them they often find they have to work harder for themselves (or their creditors) than they had to when working for wages. For some it’s even worse—they go under and are cast back into the working class, less their savings.

The latest annual report of the Board of Trade on bankruptcy gives as the top lines among the 3,404 who went bust in 1965:

The list continues with hardware and electrical goods retailers, confectioners, tobacconists and newsagents, meat retailers, plumbers, fruit and vegetable retailers, general stores, electrical contractors, commercial travellers and so on. In other words the small shopkeepers and businessmen that workers often wish to be.

Next time you hear the story about how good capitalism must be because so-and-so rose to be a capitalist, remember the other side of the story: for every one who succeeds hundreds fail completely and thousands more are condemned to a life of drudgery and worry not unlike the rest of us. Besides capitalism can’t work without a working class, which means that most of us don’t even get a chance of becoming a petty capitalist.

World Capitalism
Socialism can only be world-wide because capitalism, the system it will replace, is already so. Modern industry has a world-wide character which ignores frontiers. But although millions co-operate to produce wealth this wealth does not belong to society as a whole; it belongs to just a part of society. Today wealth is produced socially but owned privately. This is the basic contradiction of capitalism. Private ownership of the means of wealth production in fact conflicts with modern technology. One aspect of this is the division of the world into competing, and often warring, states.

Many people don’t realise that the typical firm today is not the small builder or motor repair man mentioned in the previous section. Production, in many lines, is dominated by a few giant, international firms such as Shell, ICI, Unilever and Philips. Sir Paul Chambers, head of ICI, made an interesting speech at the International Management Congress in Rotterdam on September 20. He doubted whether the creation of a Western European economic bloc could be more than a short-term solution to the problems created by the vast size and international character of some modern industries. Modern technology, he said, could be a source of “strife” if its international character were not taken into account. Chambers went on:

“I have pointed to the aircraft industry and the inevitability of the growing integration of aircraft firms on an international basis. Almost every emergent country wants its own airline, but it has to rely upon the major makers—mainly British and American—for its needs. A similar trend can be seen in computers and in photographic materials and equipment. In car manufacture the integration of firms is beginning to take on a similar international character. The complete sovereign independence of small states is becoming inconsistent with the growing economic dependence upon large international industrial groups domiciled elsewhere.” (Financial Times Sept. 21, 1966).

Men like Sir Paul Chambers do not think in national terms. They know that capitalism is international and act on it. The workers, those who run these industries from top to bottom , in all countries, might well learn from this.

The right to be lazy
Are you tired even before you start work? Do you dislike having to work hard for eight or more hours a day?

Peter Lennon, in the Guardian of September 22, wrote up some of the views put forward on these and other questions at a recent international conference on psychosomatic medicine in Paris:

“Many citizens manage to reach a condition of distressed exhaustion before doing anything at all. They wake up tired, grouse through the day, and at night mourn departed sleep. A scrabble and tangle of humanity, they stew in bad air and petty psychological turmoil, buffeted by noise and needled by a multiplicity of unrewarding duties. In eternal competition with shadowy colleagues and goaded by social obligations beyond their capabilities they experience a feeling of impotence and inadaptability. Neurotic fatigue is the result.
Professor Chombart de Lauwe claims that fatigue, other than muscular fatigue, has its origins in the discrepancy between our means and our needs: between aspirations and social pressures—the eternal discrepancy between a possible life and the life we are forced to live.
At least one concrete conclusion to rejoice the civilised emerged from the conference: laziness, far from being the shameful attribute of the social renegade is the man of sensibility’s criticism of an unnatural activity: hard work. It is also his defence against a barbaric way of life.
A hard look at the conclusions of these eminent specialists leaves us with these convictions: the prestige attached to daily strenuous toil is a myth and a shabby modern one, and it is seriously probable that, in spite of generations of domesticity, intense, sustained daily work is incompatible with the realities of human physiology.”

Lennon writes in an amusing way. But, when you come to think of it, it is a serious matter that most of us should be condemned to a lifetime of boring, toil. The least we should do is ask: Does this have to be?

Work, of course, is necessary in any human society. But it does not have to take the form of “intensive, sustained daily work”. If such boring, unsatisfying toil is “incompatible with the realities of human physiology” (as most of us must suspect anyway) then socialist society can abolish it. Indeed it should abolish it. Work itself cannot be abolished. However it is up to the defenders of capitalism to show that wealth can only be produced by people, working under unhealthy conditions, doing jobs they find dull and uninteresting.
A.L.B.