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Friedrich, Karl and the perpetual crisis

November 29, 2008

Guess who… And from where…

“The productive forces at our disposal no longer tend to further the development of the relations of bourgeois civilisation; on the contrary, they have become too powerful for these relations by which they are encumbered, and so soon as they overcome these encumbrances, they bring into disorder the whole of bourgeois society, then endanger the existence of bourgeois property. The relations of bourgeois society have become too narrow to comprise the wealth created by them. And how does the bourgeoisie get over these crises? On the one hand by the enforced destruction of a mass of productive forces; on the other by the conquest of new markets, and by the more thorough exploitation of the old ones. And by what means? By preparing the way for more general and more destructive crises, and by diminishing the means whereby crises are prevented.”

- Karl Marx and Friedrich Engels, The Communist Manifesto, published 1848.

Oh dear… So much insight for one small passage. Now, every monopolistic, capitalistic right-wing moron who isn’t smart enough to understand the above passage will insist that the “current economic crisis” is starting to correct itself and that the market will “come good” over the next year. No, no, no! The only reason why some of the largest corporations in the world aren’t in the hands of receivers right now is because the government has bailed them out. Yes, that “old socialistic” visible hand has come in and injected shitloads of money into the very corporations who have misled the masses, handled their money irresponsibly and then (behind closed doors) begged the government (who are indebted to these right wing bourgeois fucks) to bail them out while they walk away without a single scar.

Yes, my friends. The government is always looked at by conservative right-wing economists as the evil entity sticking its nose into the business of business and robbing citizens of their money in the form of taxation. Do I entirely disagree with this assessment? Of course not – they do have a point in certain contexts. But, on the whole, current western government is just a tool and mechanism of the essentially monopolistic capitalist system in which we find ourselves and hence they will bail out those of their ilk before they give a damn about those who have lost out and are about to lose out in this latest “crisis”. That very system that Marx and Engels describe in the depths of their (and I don’t give a shit how old and cliqued it is) brilliantly written Communist Manifesto is the system we find ourselves in. Think about it: On the one hand by the enforced destruction of a mass of productive forces”… hhhmmm, so by war (in every sense of the word) – The Empire has started two obvious ones over the last seven years. On the other by the conquest of new markets, and by the more thorough exploitation of the old ones” . If you can’t see these, then you’ve been living in a cave forever. This wasn’t really even an insight in 1848, when the manifesto was written. The conquest and exploitation of new markets is evident in China and India, even in an extremely superficial analysis.

If you want to go deeper, look at the effect that this has had on the emerging working classes in places like China and India (where that annoying glitch of trade unions is largely avoided thanks to an overbearing alliance of business and government. Yes, China’s government has never been “Communist” – it is now a fully functioning fascist capitalistic dictatorship). So, there’s your exploitation right there… Then look at the middle classes of those respective countries… Then look at the effect that the outsourcing of jobs from the rich world has had on the working populations of places like, say, Detroit in the good old U S of A.

So, we have the conquest of new markets – China and India’s bourgeoning (oh – I know you’re marvelling at my oh so clever pun! And, yes – there are two correct ways to spell this in English!) middle classes and desperate poorer working classes. Then the “more thorough exploitation of old ones” – the outsourcing of jobs in the United States, Europe, Canada and Australia which (to varying degrees in each of these countries) forces working classes into the position where they need to get more jobs to make enough to get by and/or then become more indebted to the… massive corporations who have created and perpetuated this whole “latest crisis” through their irresponsible investment, their irresponsible lending and their irresponsible borrowing… You see? The so-called “economic cycle” is precisely what Marx and Engles have described above. It is the economic cycle of perpetual crisis – it thrives on crises to survive.

So, who loses out at all of this? Most of us, it seems. The masses (in their various class forms throughout history) endure the suffering, hardship and economic (in the form of increased taxation and various depleted social government programs) cost of each crisis as it is progressively and systematically played out.  Who does well? The few who run the show: the indebted spine-less “representatives” of our respective democracies and dictatorships and the corporations who fund them in many direct and indirect ways. In a word, the bourgeoisie (and the few aristocrats who are left in the world). Call them what you will with the passing of time. They take many more forms than what Marx and Engels envisioned. But the essence of what Marx and Engels envisioned is what matters, if you have a clear enough line of sight to see it.

So, I hear you saying that you fund the government too, right? Well, you are correct madam and sir! But, how do you vote? You vote within the system… As do I… In the words of one of my favourite bands, Propagandhi:

“You can vote however the fuck you want, but power still calls all the shots. And believe it or not, even if (real) democracy broke loose, power could/would just “make the economy scream” until we vote responsibly.”

And, yes, my friends… This is where our right-wing counterparts have a point (refer to what I wrote above). Taxation is exploitation (doesn’t that sound familiar? From a distant lost past perhaps). Our simple right-wing friends get it wrong in how taxation is a problem though. And (don’t you just love artists and musicians for their ability to sprout truth in a simplistic, but beautiful light?) to quote Michael Franti: “Take a look at where your money’s gone… See? … Take a look at what they spend it on. No excuses! No illusions!”

The system is the problem people. What system? Thy name is monopolitisic, government supported, greedy capitalism.

6 comments

  1. The system is the problem. And you have correctly named it. Monopolistic government supported capitalism.

    Unfortunately Marx got some things wrong, and it has been proven by many. Read von Mises and Hayek if you want a real insight in how economy works.


  2. Can you provide a link or a reference for these please? I agree that Marx got some things wrong. But, for someone of his time, he got many, many things right.

    This post was not intended to praise Marx and Engels absolutely (my anarchist leanings don’t let me do that anyway – no gods, no masters!), but please provide links and/or references so that I may gain this “real insight” of which you speak.

    Thanks for stopping by. :-)


  3. I am talking mainly of his labor theory of value (which was in fact the basis for most of his ideas), that has been refuted numerous times. I would recommend reading Eugene Böhm-Bawerk and his criticism, which was written during the same time period as Marx was active. As a general reference, you should be able to find many writings by different austrian economists that will refute most of Marx’s theories.

    Best Regards,

    //hpx Save capitalism


  4. Hi TP

    Great to see you’re back writing again – look forward to more soon. Waiting for your take on the net censorship debate :)

    Cheers

    Jin


  5. Thanks Jin.

    Indeed… Haven’t had time to think about censorship in a few years really. Last time I checked, I was against it. :-)

    Stopping by the Fringe now.


  6. Propagandhi! Weston Community Centre, Canberra! Friday, 20th Feb! And it ain’t a school night!



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