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!

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.

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Refugees Welcome; demonstration draws tens of thousands in solidarity and anti-racism

As the terrible events in Brussels unfold, with over 30 dead and hundreds injured, our thoughts and sympathies are with the families of those attacked. The messages shared by tens of thousands marching through London and city-centres across the country on Saturday are as relevant and necessary today as they were then.

No to war.

No to racism.

Refugees welcome here!

ISIS and imperialism use the same tactics to divide and subjugate the working classes, from Iraq and Syria to Paris, Brussels, and London. They are happy to foster ignorance and bigotry when it helps them achieve their goals, spinning events to suit their purposes. Just as ISIS cannot exist without barbarism and terror, imperialism cannot function without near-constant wars to destroy, plunder, and grease the wheels of capitalist economy.

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Palestine Solidarity Campaign AGM 2016

Comrades from the CPGB-ML and Red Youth attended the Palestine Solidarity Campaign AGM 2016 on Saturday 23 January, joining hundreds of members from branches, affiliated trade unions, and other organisations.

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The annual report largely focused on the acheivements of the wider Palestine movement, including the impact of the Boycott, Divest, and Sanction (BDS) movement and lobbying MPs & Parliament. There was frustration that the British government is not seriously tackling the issue, but excitement that it had been raised frequently by members of the public and the PSC at hustings, and contacting MPs and candidates directly, and that they had been able to organise fringe meetings at the Labour, Conservative, and SNP conferences.

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Rhodes Must Fall!

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We send our congratulations and support to those students of Oxford University who have initiated a campaign to topple Cecil Rhodes Statue, which stands outside Oriel College, half-way up the well known university town’s High Street (pictured). Continue reading “Rhodes Must Fall!”