bustedflush wrote:Marx recognized that you needed capitalism to create any wealth FIRST before the workers could share it.
What ? No he didn't.
Marx argued that over time the free market produces a concentration of the wealth of a nation in the hands of the few - and that, therefore, the nations assets should be held by those that produce the wealth in the first place.
Of course, he was writing in a different time - before global capitalism, before the knowledge economy, before value could be transferred globally, instantaneously, at the click of a button.
But that the masses are being exploited and denied what is rightfully theirs there can be no doubt. More than that, they are being effectively enslaved by debt and the fiat based monetary system (where money is created as debt) - Greece is the prime example, but the same principles apply to many advanced industrialised societies as well as, of course, developing nations. As well as having an unemployment rate of 23%, Greece has a debt of 184% of GDP. Its paying $652 every second in interest. In other words, the Greeks are running to stand still - as will be the children and grandchildren of todays Greeks. (It should be noted also that the UK has one of the highest household debts in the world - private debt stands higher today than it was in 2007 - a ticking time bomb). Funnily enough, Greece is now having to sell off/privatise its own state owned assets and industries in order to try to alleviate the debt.
I suppose they should think themselves lucky - our Government sold off the family silver not through necessity, but for political ideological reasons - and now we don't have anything left to sell
Seems to me that Marx is a bit of a red herring here - because as Stan has pointed out just about every advanced industrialised country in the world has a greater proportion of state owned enterprises than we have here in the UK.
At the risk of repeating myself, the only question is the degree of the mix within the economy. No-one today is arguing for the outright control of the means of production by the state - not even the Chinese, but that point seems to have been lost - whilst only the Tories and Bustedflush are arguing that the economy/nations assets work better when 100% in private hands.
bustedflush wrote: This is why far-left governments are seldom elected and when they are it tends to be in poorer economies or ones with huge natural resources to shield the real costs involved.
You are confusing the economic with the political - but nonetheless, would you say that
Trump is left wing ? its just that he stood on a platform of anti globalisation and bringing jobs back to the US.
"
“Today, we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington D.C. and giving it back to you, the people.
For elections days come and go. But political and social revolutions that attempt to transform our society never end. For too long, a small group in our nation’s capital has reaped the rewards of government while the people have born the cost. Washington flourished, but the people did not share in its wealth. Politicians prospered, but the jobs left and the factories closed. The establishment protected itself but not the citizens of the country. Their victories have not been your victories. Their triumphs have not been your triumphs and, while they celebrated in our nation’s capital, there was little to celebrate for struggling families all across our land.”
Sounds pretty left wing to me -
and he just got elected to the most powerful nation on Earth (China aside

)
What is left wing ? Anyone who believes that more than 5% of the countries assets should be held in the hands of the state for the benefit of the people - and not in the hands of Goldman Sachs et al ? Must be a lot of left wing elected governments around then I'd say. Is a government that intervenes to produce £0.5 trillion new money and intervenes also to set the price of that money left wing ? Or uses taxpayers money to nationalise loss making banks ? Or that intervenes to subsidise foreign SOE's to the tune of £30 billion at Hinckley Point ? Or are we meant to overlook this ? Doesn't this count ? Is this
not state intervention after all ?
Is the Clause 4 of the Labour Party constitution Marxist also (the one that Blair did away with) ?
"
To secure for the workers by hand or by brain the full fruits of their industry and the most equitable distribution thereof that may be possible upon the basis of the common ownership of the means of production, distribution and exchange, and the best obtainable system of popular administration and control of each industry or service."
Maoist perhaps ? Trotskyite ?
Or just common sense democratic socialism ? Taking back some control. For the many not the few.