Because capitalism is working towards its own abolition by replacing commodity-producing labour with automated machines, the profitability of capital is increasingly dependent on low wages, public debt, state orders, the centralisation of wealth, and — frankly — depopulation.

Whether you believe that covid-19 broke out as a result of environmental and habitat destruction (a symptom of capitalism’s ever-greater dependence on extractive production);[1] that the infection and death rates have been inflated by sleights of hand[2] to justify lockdowns and a profit-motivated vaccine arms race; that the outbreak was planned bioterrorism all along; or that there is no proof that covid-19…


The announcement made on 18 April 2021 by an initial 12 clubs, including six from England, that they are signing up to new closed shop European Super League has been met with widespread outrage.[1] With promotions and relegations for the founding clubs prohibited, the move is the final nail in the competitiveness of a sport whose monopolisation by a few clubs has accelerated[2] since the the Sky Sports/Premier League/Champions League era began in 1992–3.[3]

Understandably, the general feeling from the fans who love the game (who are now treated by clubs (and professional sport at large) almost exclusively as…


“If each of the instruments were able to perform its functions on command or by anticipation … so that the shuttles would weave themselves and picks play the lyre, master craftsmen would no longer have a need for subordinates, or masters for slaves.”[1]

Aristotle

Humans have longed to be free from toil. The Greek poet Antipater, a contemporary of the Roman statesman Cicero, welcomed the invention of the water mill, which worked “without labour or effort”, as the foundation of a “Golden Age” and the liberator of slaves.

Now in the epoch of late-stage capitalism, after a long and painful…


USSR pin awarded to farmers for “Mastery of Cannabis Breeding”

Because The Green New Deal would massively expand fuel-intensive extraction-based production, carbon emissions would continue to increase rapidly. We need a green industrial revolution that is actually green — predominantly hemp-based. Hemp can be turned into more than 50,000 applications, including batteries that outperform lithium, but it also grows quickly, reverses desertification and rapidly draws down CO2 from the atmosphere. Safe, emissions-free, high-energy nuclear is also essential.

The so-called ‘Green’ New Deal is species suicide. It is, in fact, dirty old imperialism. It would massively expand the fuel and heat intensive extractive production of metals in what may be called…


On 1 September 2020, Extinction Rebellion (XR) UK confirmed its own relative uselessness by disassociating itself from the rallying cry ‘Socialism or extinction’.

‘Socialism or extinction’ is not just a slogan, though; it is a statement of scientific fact. If XR does not stand for socialism, then it must necessarily stand for extinction, rendering its own alleged purpose redundant. (Moreover, as Lenin says in his April Theses, “without the Soviets of Workers’ and Soldiers’ Deputies the convocation of the Constituent Assembly is not guaranteed and its success is impossible”.)

In short: capital’s exploitation of commodity-producing labour is the source…


The end of [British] farming?” asked a feature in The Guardian at the end of February. A few days later it was leaked to the media that an aide to Boris Johnson’s conservative government had suggested that Britain no longer needs farmers and should import all of its food, since farming is worth only 0.62% of the country’s annual gross value added (still £9.9 billion, mind). This presumably came as quite a shock to Conservative-voting farmers.

Just 1.5% (476,000) of the British workforce are farmers now, falling in a secular trend from 22% since 1850 (and even then Britain had…


British pound sterling has devalued by more than 99.5% since the year it was founded (1694). The US dollar, the global reserve currency, has lost 96% of its purchasing power since 1913, having barely lost any before then. The figure is 91% when the starting point is taken from 1947, when the US became the world’s leading imperialist power; and 85% since 1970. That means today’s dollar was worth nine cents in 1949 and 15 cents in 1970. The dollar’s rate of inflation has been 3.92% per year since 1970, compared to 0.46% per year before then. …


International Workers Day, Cuba

Socialist political programmes need to both ‘raise consciousness’ and appeal to the needs and wants of the masses. Taking power and keeping it requires: winning over the majority of a given population, including the downwardly mobile lower middle class; winning over the majority of the rank and file in the armed forces; incentivising capitulation and splitting the right, especially small farmers and large land owners (in order to limit counter-revolutionary activity and alliances). Socialist parties therefore need to prioritise mass, universalist politics if they are to succeed.

Communism has always been destined to be a system of fully automated production…


Tracing the historical development of the productive forces shows that the next logical step in realising a higher stage of production is long-term central planning of a public monopoly

Perhaps the most common Marxist argument against anarchism is that a powerful centralised state is required to fight off violent counter-revolution, including from external invasions. When the Bolsheviks took power in Russia, for example, armed forces from 13 capitalist nations invaded the country. Only the organised, centralised power of the Red Army could withstand such an onslaught.

Violent counter-revolutionaries have to be repressed, meaning prisons have to be utilised. There can…


The general rate of profit tends historically towards zero. Source: Estaban Maito.

Capitalism is losing its ability to create new exchange-value and is sooner or later likely to spiral into a crisis of worldwide hyperinflation. Only socialism, capitalism’s historically logical successor, can revive economic stability.

Is worldwide hyperinflation really looming?

➤ The record high aggregate global debt is unsustainable since the tax base needed to repay it is shrinking in relative terms. Global debt across all sectors increased by over $10 trillion in 2019, topping $255 trillion. At over 322% of GDP, that put global debt 40 percentage points ($87 trillion) higher than at the onset of the 2008 financial crisis. Nations…

Grossmanite

Ted Reese

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