IS THERE A SOCIALLY ACCEPTABLE VARIANT OF CAPITALISM?
by Tom Leonard
Here are a few very informal thoughts, which I will record whenever
they occur to me. They include input from a variety of sources.
(1) With its roots in the Industrial Revolution, Capitalism has failed
because it focuses us on monetary profit, and needs to exploit and
mistreat the workers in order to make a consistent profit. The strike
and strong trade unions in the UK of the 1970s was followed by the neo-
liberalism which combined with the austerity of the 21 st.century.
Reagan's and Thatcher's mutual admiration society was
largely responsible for this. Neo-liberalism may have been initiated by a
speech by Prime Minister James Callaghan in 1976.
(2) In principle, a democratic government and local councils that control
our private companies by appropriate social constraints and nationalises
essential services could be made to work. Unfortunately, most politicians
are self-seeking and cliquey, and many are corrupt.
(3) If political systems fail in socio-economic terms, then the politicians
go to war since this is the only way of apparently redeeming
themselves. We are experiencing that, yet again, at this very moment
and the devastation to ordinary people and our climates continues to be
immense.
(4) Most scientists are in the pockets of the politicians and vested interests.
While many scientific "advances" are pivotal to our future, many others amount to
money-spinning pseudo science. Much of medical, in particular psychiatric,
research is similar,
(5) Any socially acceptable variant of Capitalism would need to accommodate
(e.g.in the workplace) the growing number of our citizens with mental health issues
and to find, hopefully holistic, treatments which actually work while causing minimal
physical harm,
(6) Anarchism sounds good, but it didn't work in Barcelona in 1936. In the UK, the
diehard Tories could get re-elected within anarchist democracy anyway. Anarchists
also failed in Edinburgh a year or so back when the Autonomous Centre of
Edinburgh on Brunswick St. closed after becoming tainted with TERF
sympathisers. ACE once had a powerful local influence. It had historical links
during the 1990s with the LGBT activists when both were housed on Broughton St.
Some socialists still regard anarchism as the Utopian final stage of communism,
but that's just a futuristic pipedream.
(7) The U.S. (as it exists ATM) will always screw over anything we try to modify
Capitalism in the UK.
(8) So far my answer to my key question is NO (27th August 2022)
(9) We may be heading for a Mad Max society within the next few decades where
productive grass roots groups are hounded and shot to pieces by alt right fascists
who still want to live off the gravy. Is there anything we can still do to avoid that?
(10) Will the Churches of England and Scotland outlive colonialist Capitalism? No,
because they're steeped in it.
(11) Any new society would need to accommodate people of all genders and
orientations within all-accepting social structures. Such structures or communities
should accommodate alternative and extended families but also single, though
possibly gregarious, people who want to stay single, They may or may not be
involved in multiple relationships. Most churches are too prejudiced in their
dogmas to be able to preach in these terms.
(12) To address the key question, politicians really need a deep basic
understanding of practical economics, including long term economics, in both
qualitative and quantitative terms. Unfortunately a huge number of factors need to
be considered, and economic experts will invariably differ. The discernment of long
term trends is an essential issue.
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