THE FUTILITY OF
CAPITALIST SYSTEM
{This article is published in 'CLASS STRUGGLE',monthly organ of CPI(ML) CC}
More and more of the futility of capitation is being exposed by every
passing day. After
the dissolution of Soviet union, after the demise of socialist
systems in East European
countries, and after the economic systems in communist countries like
China and Vietnam
and other took the path of capitalist road of economy, capitalism
under the leadership of
American imperialism for decades has been imposing neo-liberal
globalisation policies on
the entire world and implementing them. On the other hand it has been
boasting that there is
no alternative to capitalism in bringing out progress and affluence
for the mankind of the
world. With the false propaganda that communism is obsolete,it has
spread illusions among
people of the world particularly among the educated, that capitalism
alone is the panacea for
all the economic, social, cultural and political maladies with which
the world and the humankind
are suffering. It has effectively moulded such a false world openion
and establishing it in the
minds of world population. The media that is in the control and
ownership of big capital has
been striving tirelessly its best to propaganda such false opinion
and illusions about capitalism, throughout the world. Show piecing
the giant strides of development in information and automation
technology, it has been spreading a false opinion as if such
technological development itself is the progress of mankind of the
world.
However, the living realities of the lives of the people are not only
exposing the hollowness
of such false propaganda but also are revealing the futility of
capitalism and capitalist systems.
These realities are emphatically pointing out that capitalism is the
actual cause for the misery
of the people throughout the world and for the unbearable economic
and social conditions
being suffered by them.
Every year the wealthy classes and people belonging to upper strata
of the people around
the world meet at Davos, in the name of world economic forum and
decide the policies and
plans that protect the interests of wealthy classes. Before deciding
such plans, they conduct
surveys on the conditions (economic) of the world and basing on their
conclusions, they
formulate their new plans.
For all this time the capitalism has been, with its slogan of
“achieving mixed all round
development through its globalisation policies” has been spreading
illusions among the
people. Buts its own survey report and its findings themselves have
clearly and categorically
exposed that “mixed alround development” has remained as a mere
slogan, in reality this
socalled development was limited to a few big capitalists belonging
to the developed imperialist
and capitalist countries and the economies of the remaining
developing and under developed
countries have been further worsened, without any development
whatever.
The world economic forum has to find out and recognise from its
survey that gap between
wealthy and the poorest has been widening day by day, disparities in
income are
increasing considerably. Wealth is being more inequality distributed
due to which discontents
and dissatisfactions are greatly increasing due to which the politics
that are harmful to the
interests of capitalism are accelerating endangering the very
capitalist system. The world
economic forum has also recognised that the neo-liberal capitalist
economic policies are the
cause for the developments such as Brexit, election of Donald Trump
as president, and
developments in Italy leading to the growth and increase of the
extreme rightist forces and
ideologies in Europe and elsewhere.
Ahead of the meeting of World Economic Forum at Davos, Oxfam has
announced a report
on the world conditions, analysing them. This report had exposed much
more about the futility
of capitalism. It exposed about the falseness and lies propagated by
the capitalist system.
This report emphasized that inequalities throughout the world are
increasing to
considerable levels, that these inequalities are extremely increasing
in capitalist countries
and that income disparities are growing sharply and that inequalities
in the distributions of
wealth are growing in to dangerous proportions. It also revealed that
50% of the wealth
equivalent to the world poorest is in the possession of 8
billionaires alone. It has also revealed
that from 2015 onwards, only 1% of the wealthiest of the world are
possessing more than the
wealth equal to the entire wealth in the possession of others of the
whole world. It has also
revealed that
for the past two decades that the income of the 10% of the wealthiest
in China,
Indonesia, Laos, India, Bangladesh and Srilanka has been increasing
at the rate of more than
15%.
The report under the heading of “An Economy for the 99%”, Oxfam
said “it is time to build
a human economy that benefits every one, not just the privileged
few”. It also said that since
2015, the richest 1% has owned more wealth than the rest of the
planet.
Coincidentally the I.L.O released its report on world employment and
social outlook for
2017. It reckons that globally the number of jobless people will
increase by 3.4 million in 2017
and the global unemployment rate to rise in 2017 at a pace of labour
force growths that
outstrips the job creation. According to this report “Economic
growth continues to disappoint
and underperform both in terms of levels and degree of inclusion. It
also warns that this is a
worrisome picture for the global economy and its ability to generate
enough jobs, let alone
quality jobs. According to this ILO report the number of workers
earning less than $ 3.10 per
day in even expected to increase by more than 5 million over the next
two years in developing
countries and it warns that global uncertainty and the lack of decent
jobs are, underpiring
social unrest and migration in many parts of the world.
While this has been the reality about the dismal performance of the
capitalism that has
been vehemently pushing the imperialist neo-liberal economic
globalisation, how are we to
understand about the proclamation of capitalism that it has achieved
development of
technology to the highest levels? How do we understand its propaganda
that it has brought
out greater progress and affluence to mankind? How are we to
understand A.I. technology
and robotics? These are not such a complicated and not understandable
questions. Whoever
own the means of production of this ultra modern technology they
alone become more and
more wealthy. This is the reality of the issue. Whatever might be the
extra ordinary level and
highest of the development of the technology, the middle classes have
nothing to develop
illusions about such technology, since the giant transnational
corporations owned by the big- capitalists are the owners of the
means of production of this highly developed technology. In
the process even the jobs they are enjoying presently will be melting
away soon. Now the
middle class is living in an illusory world of tempary affluence
created by the very neo-liberal
capitalism. Now they’re very economic reports indicate about doom
of the same.
Very recently (2nd week of Feb.2017), a report released by wealth- X
organisation revealed
that world’s top 10 billionaires, possess a combined wealth of $
582 billion. The report also
revealed, 9 out of the 10 top billionaires of the world are from
America, and the remaining
one billionaire is from Spain. This fact speaks volumes about the
essence of American
imperialism, and its rhetoric about the virtues of capitalism.
All these above reports are prepared by the very organisations that
support the neo-liberal
economic policies, imperialist globalisation policies and capitalist
system as a panacea for
the globe. While these very organisations are proving basing on the
world realities, how the
capitalist system is dismally failing in bringing about global
development and progress, what
more other academic proofs to understand and agree that capitalism
futile?
Are not all these reports are not exposing that capitalism makes a
very few handful of the
wealthier as the owners of this globe?
Then what will a be greater lie than stating that capitalism brings
about world progress
and affluence to the people of the world? What will be a greater
deception and falsity than
this? Thus the capitalism proved itself that it is not only been
futile but also confirms that the
alternative is socialism and communism.
So the immediate objective and task of the people throughout the
world becomes
overthrowing the capitalist system and to establish socialist and
communist systems.
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May Day –
The Clarion call of workers for Unity and Struggle.
