Posts Tagged ‘socialism’

2010 Election; The British Socialist Manifesto.

March 25, 2010 Leave a comment

Private capitalism does not work. It is not certain that Socialism is in all ways superior to capitalism, but it is certain that unlike capitalism, it can solve the problems of production and consumption. At normal times a capitalist economy can never consume all that it produces, so there is always a wasted surplus (wheat burned in furnaces, herrings dumped back into the sea etc. etc.) and always unemployment. In the time of war, on the other hand, it has difficulty producing all that it needs, because nothing is produced unless someone sees his way to making a profit out of it. Read more…