Thousands of people marched in the streets of London and other
major cities in the UK demanding an end to the draconian cuts being made to the
social services in the UK. Anti-austerity and most importantly anti-capitalism
banners was myriad among the people attending the rally. The current ubiquitous
cuts being made to the soc
ial services is an on-going neo-liberal agenda of
reducing the responsibility of capital for the social reproduction labour.
Meaning that the working-class will be forced to pay even more than today, for
benefits such as healthcare, education and housing from their wages. Under the
banner of “individual freedom”, “liberty”, “personal responsibility”, “free
trade”, “the virtues of privatization and free market”, the capitalist class
tries to legitimize its insidious class war it has waged since mid-1970’s.
Capitalism has no solution for its current crisis. By
debasing the working class purchasing power through deep cuts to wages and
social services, capitalism finds it more difficult to satisfy the demand necessary
to absorb the ever increasing surplus capital. Since capitalism cannot
oscillate back to the Keynesian system of demand control, it relies more and
more on privatization of state owned property to open new markets to exploit.
The National Health Service, NHS, a monumental achievement of the working-class
in the UK and a large part of the welfare state, is now being deprived of
funding (which was originally derived through taxation of the rich) and is
being dismantled and sold in the market.
The capitalist class, through a neo-liberal agenda of class
attack on the working people, is defining the terms of solving its own crisis.
As a class it is flaunting its austerity as the only solution to current crisis
and in so doing it is making a statement that there is no other economic system,
no other form of social production other than the market exchange system. And
that the only way to circumvent the current crisis and all other crisis is
through the market. This is the odious statement capital is making the world
over, however the people in the streets of London chanting “tax the rich”, “your
crisis”, and “we are the 99%” have a different solution to capitalism’s crisis
prone economy. Further, that the solution to capital absorption crisis is not
circumscribed to the parameters of capitalism but instead has a working-class
solution that is a trek out of an exchange-value system and into a use-value
economy. A solution to the insanity of capital absorption problem is only found
in a society where profiteering and the exploitation of labour are both
considered pathological deviance.
Capital wants an unbridled capital circulation. If capital
does not grow and accumulate without an avenue for further surplus production
and reinvestment (at a compound rate) than capital over-accumulates and the
over-accumulated surplus is either devalued or destroyed. Capital wants to
remove all barriers to capital circulation (of which there are six), currently
it is dismantling the welfare state and creating new free trade zones with a
deleterious impact on the working-class, leaving the working people bereft of
all social services and benefits. However by removing one barrier to capital accumulation,
capitalism creates new barriers that create economic crisis. It is within the
space of these economic barriers that the working-class has centre stage to
propose an alternative economic model and to start the inexorable trek out of
the exchange-value market system towards a use-value economy.
Chia Barsen
WWW.CHIABARSEN.COM
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