By John Keeley
There are many people who regard themselves as left-wing who do not want to get rid of capitalism. Not only Ed Miliband & the Green Party in Brighton, but also some who consider themselves to the left of Labour in the new Left Unity grouping. They believe capitalism can be made more equal through government action & that the post-war period demonstrates this. In my opinion, they fail to appreciate the material conditions.
The post-war prosperity & the increasingly equality, exemplified in more equal access to health care & education, was possible due to a genuinely high rate of profit consequent upon the huge capital devaluation of the depression of the 1930’s, the capital destruction of WWII & huge increases in productivity thanks to the application of oil & gas. Unfortunately, to really grasp this point requires an understanding of how capitalism works & why it is prone to crisis. This isn’t an easy subject, but it’s worth the effort.