PUT THE POLITICIANS ON THE MINIMUM WAGE AND WATCH HOW FAST THINGS CHANGE
Civilisation has operated in two ways - To make one part of society more affluent and the other more wretched than would have been the lot of either in a natural state
There are Natural Rights and Civil Rights. Life, Liberty and the Pursuit of Happiness
Where Our Power to Execute Our Natural Rights is Perfect, Government has No Legitimate Jurisdiction
When the Forces for War are Greater than the Forces for Peace   Then the World is in Danger
Politics is not a Dirty Word. It is a Way of Life. How is Your Way of Life Today ?

The Economics of Capitalism is that the money supply is controlled by the Capitalists through the Banks & Financial Institutions – UPDATED

Karl Marx

“The philosophers have only interpreted the world, in various ways. The point, however, is to change it.

How did Karl Marx change the world?

Marx thought that industrial capitalism, too, was created for a good reason: to increase economic output—something that “The Communist Manifesto” celebrates. … Marx was a humanist. He believed that we are beings who transform the world around us in order to produce objects for the benefit of all

How to Change the World: Reflections on Marx and Marxism

 

“We need to take account of Marx today,” argues Eric Hobsbawm in this persuasive and highly readable book. The ideas of capitalism’s most vigorous and eloquent enemy have been enlightening in every era, the author contends, and our current historical situation of free-market extremes suggests that reading Marx may be more important now than ever.

—————————————————————————–

In a Socialist Market Economy, the State controls the money and means of exchange

so it can manage “essential services” for the benefit of the people not for profit.

It is the rest of the economy that is market-led, but the state has a say in the market.

For example a Milk Market, Manufacturers Market or

Skills Technical & Services Market

On the one hand, giving a free rein to aspiring businesses, even with support, while influencing the market and money supply 

with guaranteed prices and monitoring supply and demand so that profiteering is kept in check.

This is because it does not want to have a state monopoly or allow others to monopolize the market.

A Market must have buyers as well as sellers, a floor and a ceiling.

It does not want support it gives to producers to end up in the pockets of monopoly buyers

as is the case with supermarkets in the food industry in Britain today.

The State would encourage collective ownership of the means of production and distribution.

Self-sufficiency before surplus, reducing the need for imports while encouraging exports

Controlling supply, the state would want to avoid too much waste by excessive choice,

while directing effort into commodities of need by the community,

through as full an employment and usage of skills as possible.

TRYING NOT TO MAKE MARXISM MORE COMPLICATED THAN IT IS, I WAS BROUGHT UP ON “POLITICAL ECONOMY” A MARXIST TEXTBOOK, BY JOHN EATON. IT HAS A FOREWORD BY EMILE BURNS WRITTEN IN 1949, BUT DON’T LET THAT PUT YOU OFF. IT APPLIES JUST AS WELL TODAY AND BEGINS AT THE BEGINNING WITH PRIMITIVE COMMUNISM AND HOW SURPLUSES CHANGED THE WORLD THROUGH FEUDALISM TO CAPITALISM AND THE ADVANCE TO SOCIALISM – £5 or LESS

The Radical

 

 

 

Similar Recent Posts by this Author:

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email