"None," a student quickly replied when this
question arose in a campus college club meeting.
Another member reported on a meeting she'd
attended about "economic justice." The head of
a big liberal group had droned on about how
workers can't live on minimum wage, how the
"social safety net is torn," the growing gap between
the rich and everyone else, and other
well-known facts.
"He kept saying there was too much inequality,"
she said. "I started wondering how much
economic inequality he thinks is fair. They want
everyone to make $15/hour but you can't live
on that, especially if you can't get more than 20
or 30 hours a week."
"To be fair, money would have to be worth
nothing," said the first student, who read Red
Flag last semester. "Why can't we just live like
that? It's not that crazy."
"That would be a nice system," said an older
student. "People could work at things they are
talented at."
Then he said, "You can't have a fair economy
if you allow unfettered profit. Businesses
should serve the community. The first rule is
that your bottom line can't be to make profit."
A teacher explained that the first rule of capitalism
is that the bottom line is exactly to make
profit –the maximum profit possible. Otherwise
a business can't attract the capital it needs to
grow and compete in the marketplace.
Where does profit come from?
The students thought it came from customers.
The teacher explained briefly that this is only
the appearance. In essence, profit comes from
the difference between what workers are paid
for their time (wages) and the amount of value
they produce in that time.
"So profit comes from exploitation," the
younger student concluded.
A lively discussion continued about how
communism would be different. Then it moved
to how to get more students to come to talk
about these things.
The students were frustrated because they'd
handed out several hundred invitations to classmates
and on campus, and nobody had turned
up. But they agreed to go back and tell people
what they'd missed. They will also make personal
contact with others who'd signed up for
the club.
US Capitalist Rulers Say: "Inequality
Slows Economic Growth"
The capitalist rulers have opened a public discussion
about economic inequality for their own
reasons. Last year the New York Times business
section (10/16/12) described a "compelling narrative"
developed by the International Monetary
Fund and the Brookings Institute.
"The concentration of income in the hands of
the rich," they warned, "might mean less stable
economic expansions and sluggish growth."
Right now the US rulers are struggling to rebuild
their industrial base and their global competitiveness.
Yet a very basic contradiction at
the heart of their system – the tendency toward
increasing economic inequality – stands in their
way.
The less workers make, the less they can buy
and the less they pay in taxes. So capitalists sell
less, and profits fall. The government can't bail
them out without causing more problems (debt,
deficit, devaluing currency, etc.) that further
weaken international competitiveness.
That's why reform organizations from the
AFL-CIO to the American Civil Liberties Union
are promoting "economic justice" through campaigns
like $15/hour for fast-food workers.
Don't be fooled! The ruling class might put
some "fetters" (chains) on McDonald's profits
by increasing the minimum wage. But it's also
driving down wages and benefits for transit
workers, teachers, unionized aerospace workers
and others in a "race to the bottom."
The capitalist profit system never could meet
the needs of the masses. In this time of global
crisis, it is less able than ever. We can't live like
that.
Bosses' "Economic Justice" Campaign:
Opportunity to Mobilize for Communism.
This student group plans to invite a member's
friend who works on the $15 campaign to speak
on campus. Many students work (and eat) in
fast-food restaurants. We hope to get them into
conversations about capitalism and communism
and spread this discussion to their workplaces.
"Any amount of economic inequality is economic
injustice," the students concluded.
"Get rid of money- it's the only way," one
added.
We can live like that!
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