Basics of Political Economy – A talk by Harpal Brar, Birmingham 1996

Red Youth reproduce on Proletarian Radio this short but informative talk given by comrade Harpal Brar at a meeting of British workers and communists in 1996 on the topic of political economy. We do so to aid the study of political economy which is ongoing around the country in red youth and CPGB-ML study groups at the moment.

The crises of 1997 and 2001 brought untold misery to millions of people who suffer in the ‘real’ capitalist economy – the economy of factory closures, foreclosed mortgages and pension fund losses. There is no doubt that the present crisis is the most acute and destructive in the history of capitalism.

One need but consider the fate of young working-class couples who have just scrambled onto the bottom rung of the housing ladder, only to have their feet kicked out from under them by negative equity. Or consider those workers who have seen their final salary pensions melt before their eyes, after the two previous outbreaks of market turmoil convinced the bourgeoisie that this was yet another aspect of ‘welfare capitalism’ that needed ditching in the battle to protect their profits.

If capitalism cannot resurrect demand through building the debt mountain higher, it must instead try to tackle the other end of the overproduction crisis: it must trash the very productive forces it has brought into being in the first place, thus revealing itself as the real enemy of all social progress.

However, making people homeless, stealing their jobs, robbing their pensions and imposing below-inflation wage deals, whilst perhaps saving the bourgeois hide for a while, can in the long run only stoke up yet worse crises of overproduction, as effective demand is further undermined by the further impoverishment of the masses.

Whether the lords of high finance can postpone for a few more years the decisive crash of the world financial system is beyond scientific prediction. What is clear however is that every ‘smart’ move capitalism makes to save itself from its own insoluble contradictions only succeeds in further tightening the noose of history around its throat.

Even in the midst of the miseries such crises inflict, let the proletariat rejoice in this knowledge and organise to overthrow this decadent, parasitic system once and for all!

The Easter Uprising & the October Revolution

Gerry MacLochlainn, prominent Irish Republican, relates the significance of the 1916 Easter uprising, in Dublin, Ireland, that was a pivotal moment in the struggle of the Irish people for independence from British imperialism.

Speaking in Saklatvala Hall, Southall, at a meeting of the CPGB-ML to celebrate the 99th anniversary of the October Revolution, Gerry says that both the Great October 1917 Russian Revolution – which marks its centenary this year – and the 1916 Easter Uprising in Ireland, were part of the same great world-wide anti-imperialist struggle to free the working peoples of all countries from the pernicious grip of imperialism.

“The October Revolution and the Easter Rising were two of the most seismic events in humanity’s struggle for liberation.” Continue reading “The Easter Uprising & the October Revolution”

Resolution for 2017: make a difference

Ranjeet speaks for the CPGB-ML, about the challenges that face us in the coming year.

2017 will mark the 100th anniversary of the Russian Revolution – the great Socialist October Revolution of 1917 – and yet the dawning of 2017 sees the majority of humanity still languishing under capitalism in the throes of its worst ever economic crisis. Just the conditions, in fact, that led to the great inter-imperialist world wars of the last century, to the October revolution that overthrew capitalism, and to the subsequent victories of socialism in one country after another.

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2017 sees Capitalism in its last stage clinging on to the reigns of power like grim death. The major capitalist corporations, controlling the major imperialist states, have concentrated humanity’s vast collective wealth in an obscenely small number of hands, while spreading the miseries of poverty, homelessness, hunger, unemployment and underemployment, disease, premature death from treatable diseases, hopelessness and crime – not to mention the increasingly ferocious, criminally planned and executed genocidal wars of imperialism – far and wide.

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But the crisis is taking its toll. “Something is rotten in the state of Denmark.” 2016 has seen much political upheaval, with Brexit signalling the beginning of the fall of the EU, and Trump’s election victory once more showing that imperialism in crisis is loosing the plot. Continue reading “Resolution for 2017: make a difference”

CPGB-ML interviews an American political analyst about Trump and his impact on imperialism

In the following interview, I sat down with an American political analyst to discuss Donald Trump’s victory in the US Presidential elections and whether or not he represents a blow to imperialism. We discussed the impact Trump would have if he sticks to his promises regarding NATO and free trade agreements and whether of not he will end the export of so-called freedom and democracy.

Continue reading “CPGB-ML interviews an American political analyst about Trump and his impact on imperialism”

CPGB-ML join Arcadia picket in solidarity with underpaid workers

At the crack of dawn on Monday December 12, comrades from the Birmingham party branch travelled to support local workers of the multinational retailing company, Arcadia, that staged a picket to demand better wages from their tight-fisted boss, Philip Green, who was recently in the news for stealing BHS workers’ pensions while pretentiously sailing around in his £100 million luxury yacht (his third one nonetheless)!

Continue reading “CPGB-ML join Arcadia picket in solidarity with underpaid workers”