Wednesday, February 1, 2012

Capitalism and its discontented

Decades of neo-liberal ideology in the UK are at risk after four years of the deluge:
 

There is a dawning recognition in what now passes for a liberal press that most people realise that the invocations of a "moral," "popular", or "responsible" capitalism, made by either Cameron or Labour leader Ed Miliband, change nothing. The social order remains capitalism. And they will continue to suffer its ill effects. Thus we see a return to more critical comments on the state of Britain and the world.

In a fairly scathing attack on the refusal of the government to actually curb bonuses, Marina Hynde warned in the Guardian that the political elite's claim that nothing can be done was a "suicide strategy… as demonstrated by the reaction to Hester's bonus, the public unfortunately still believe it doesn't have to be this way."

She closed by asking of politicians, "[A]fter a 2011 in which all manner of hierarchies were shaken, and in some cases destroyed, can they really be intensely relaxed about the uncharted places it could lead?"

The same theme of rising opposition to capitalism was taken up more broadly by the Observer in a January 29 editorial on "the true cost of globalisation."

"The worldwide public realises there is something deeply wrong with today's world economic system," it commented. Beginning by noting the call by Karl Marx "for the workers of the world to unite," it cited numerous examples of how "the public is no longer willing to ignore the dark underbelly of world capitalism."

More than four years on from the crash of 2008, the Observer went on, "millions of people still wait for economic recovery to take hold" and "there has been a growing chorus of discontent from far beyond the corridors of power."

"The demands of these inchoate groups may not be fully formed," the editorial continues. "[b]ut they have noisily identified the fact that there is something deeply wrong with today's world economic system, which puts unfathomable riches in the hands of an unaccountable elite, while millions are trapped in unemployment and poverty."

"The truth is that the neo-liberal consensus, with its promise of economic 'freedom', has failed to deliver," the Observer writes, citing the "shameful" levels of poverty in China, India and "other developing countries," while "average workers in most of the major rich economies, including the UK, have seen the real value of their wages shrivel away."

The Observer offers as a palliative to assuage public anger the "heavier taxes on properties, pension contributions and mortgage interest payments for the rich" suggested by the OECD, concluding with the appeal, "as we sift through the wreckage of the Great Recession, perhaps it's finally time to heed Marx's words, and stand up for workers everywhere."

The Guardian Media Group's editorial staff many years ago placed the liberal ideological baggage of their youth into storage, while they benefited from the speculative boom and the soaring living standards of the upper middle-class layer for which they speak. They stood in the front ranks of supporters of the New Labour project, as Blair and then Gordon Brown presided over a transfer of social wealth from workers to the rich, the very rich and the unimaginably rich, before holding out a hand of friendship to the Conservative/Liberal Democrat coalition and its austerity measures.

It is only now that things look set to explode that they take a trip up to the attic, dust off their old "friends of the workers" persona and urge the rest of the political elite to do the same. Their citation of Marx points to the reason why—a fear that social discontent will and must inevitably find political forms that threaten the system which they hold so dear. For the most part, however, their appeals will fall on deaf ears.

There is presently no vehicle through which the ruling class can strike even a pose of sympathy for the plight of working people. The Labour Party and the trade unions, on which all past strategies to ameliorate social antagonisms and contain the class struggle have relied, are discredited and moribund husks—steeped in betrayals that no one is likely to forgive and motivated solely by the dictates of the financial oligarchy.

To encroach seriously on today's grotesque levels of personal and corporate wealth, to "stand up for workers everywhere," is in fact a revolutionary act. It requires the building of a new party of a type that is anathema to the Guardian/Observer crowd, one whose relationship to Marx's historic struggle for world socialism is not confined to cynical rhetorical flourishes, but is its raison d'être.

 

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