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!

Successful pickets of RBS and NatWest

#BankXitComrades from Red Youth helped to organise CPGB-ML pickets in London and Birmingham yesterday in protest of attempts by NatWest bank to shut the account of broadcaster Russia Today. Such a move is not only a serious infringement on the limited press freedoms which exist in bourgeois society, it is also part and parcel of the propaganda war being waged against Russia in preparation of further armed conflict.

The wars that have been waged around the world by British and US imperialism are not justifable wars – they are wars for domination, for profit, and for oil. The growing popularity of RT poses a threat to the continued campaign to paint Russia as a threat to peace. The BBC and the corporate media are constantly attempting to prepare British people for a military confrontation with Russia, which would be catastrophic for British workers. We must not allow such blatant bias and propaganda to go unchallenged, and we must fight the interference of NatWest in the affairs of Russia Today which operates legally and fairly in the UK.

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Stalin and the USSR – myth and reality

“We have faced almost a century of all-out ideological war from the bourgeois camp and their petty-bourgeois agents. they are determined to neuter the revolutionary potential of the working-class, to erase the achievements of the people struggling and working for the benefit of the majority, and to obfuscate the path to socialism.”
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Stalin’s significance today – Red Youth Corinne

Corinne from Red Youth and the CPGB-ML talks at the Februray 2016 annual general meeting of the Stalin Society in London. She asks – who was Stalin?

What role did he play in the formation of the world’s fist socialist country – the USSR – and the building and defence of socialism?

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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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