This blog entry (that I am also submitting as a letter to the Weekly Worker, which as usual will undoubtedly cut it significantly but without distorting my points) is about uniting much of the left in the new broad socialist party Left Unity – with the People’s Assembly Against Austerity which also held a conference recently going some way to uniting the left in a single anti-cuts organisation. I argue that we should not just put forward radical (and sometimes revolutionary) demands but consider the implications rather than dogmatically taking up positions which make a socialist revolution less likely.
In (“‘Moderate’ party takes shape”, 3 April), Peter Manson writes about the policy-making conference of Left Unity in Manchester on 29 March: “the obsession with political ‘broadness’, with anti-democratic constitutionalism, risks disabling the project from the start.” As CPGB members in the Weekly Worker have made clear many times, they are in favour of a solely Marxist party (which they sometimes call a “Communist Party”). Apart from the word “Communist” putting people horrified by the crimes of Stalinism (with “Marxist” having similar connotations to many), such a party could never gain mass support. When they actually put that theory into practice, uniting with the Democratic Socialist Alliance and the Critique journal, in setting up the Campaign for a Marxist Party, that campaign completely failed to take off.
I have argued for “a revolutionary platform” within Left Unity, and supported the Socialist Platform, but to make LU more revolutionary and unite together revolutionary socialists in preparation for a potential huge economic crisis (that could even be more severe than the 2007-8 credit crunch) rather than to totally take over LU, which is not practical anyway even if we tried to. I want a “broad socialist party” involving reformists as well as revolutionaries, with at least some members openly mentioning their revolutionary views. Apart from other significant political differences, including the emphasis on “the working class” suggesting that middle class people like Russell Brand (who incidentally plugged Left Unity via Twitter a Guardian article by Ken Loach on the eve of the Manchester conference contributing to the quick recruitment of 200 new members) should be disenfranchised, I wouldn’t be keen on joining the Communist Platform due to its name. Continue reading
MoneyWeek, which claims to be “the UK’s best-selling financial magazine” has been predicting “The End of Britain” in a slick and heavily funded advertising campaign, with the main objective of getting new readers and encouraging them to put some of their money in overseas “bolt-holes” (arguably to encourage tax avoidance as well as to guard against loss of investors’ money due to the “inevitable economic and social chaos” they predict in the UK). I wrote a critique of that video/letter on this blog in October 2013 at Is MoneyWeek’s “End of Britain” just fearmongering? What about US debt default? Is socialist revolution on the cards? Their main argument is that government debt is increasing rapidly, despite the “austerity” agenda, even when the interest rates they pay for government bonds (gilts) are around 2%, and that Britain would be “broke” and unable to pay them back if they reached a more normal level of about 5%.
[Incidentally, although “End of Britain” does not refer to the potential break-up of the country if the Scottish people vote “Yes” in the referendum later this year, Scottish National Party (SNP) leader Alex Salmond has recently remade an argument he put in May 2013 that if an independent Scotland was not allowed to share the pound that it would not pay a share of the national debt. This situation itself could exacerbate the crisis of capitalism and is in my view a major reason why virtually the entire political establishment (apart from the SNP of course) is opposed to Scottish independence. Apart from lack of control over interest rates etc., with Scotland not being truly independent if the Bank of England has power over the currency, this is another reason for the Radical Independence Campaign (which is arguing for a “Yes” vote on a much more left-wing basis to strongly argue for an independent currency.]
This blog entry is about a new web page (letter) by MoneyWeek called What Osborne didn’t tell Parliament (its web address looks temporary so do a web search for those words if that link doesn’t work). “The End of Britain” has been widely criticised because it was produced by MoneyWeek’s advertising department, and has biased graphs not adjusted for inflation or GDP, but this new letter is professional, written by financial experts and designed for serious investors. Its points are less controversial and difficult to argue against (with the propaganda against the welfare state omitted for example) although for those who believe in gradual reforms to capitalism to end up with some sort of “socialist” society, with such people often arguing that we are “the seventh richest country in the world” and that austerity is unnecessary, it is a massive wake-up call!