the people’s charter: a charter for change? – updated

In recent weeks and months a “People’s Charter” has been elaborated by a commission involving a number of leaders of the trade unions and the left, notably the leadership of the RMT railworkers’ union but also John McDonnell MP, leading officials in other broadly radical trade unions such as the FBU and NUT, and prominent members of Respect and the Communist Party of Britain. This “charter for change” has not yet been finalised, but it appears that its text will be decided upon and then launched at a rally, rather than openly and democratically discussed across wider layers of our movement. We disapprove of the manner in which this project has been carried out, and do not think much of the current raft of “programmes for government action” issued by left groups which say little about what action we ourselves must take and what movement we need to do it.

However, we publish this draft of the document (see below) in the hope that it will provoke discussion and allow dissenting voices in the labour movement like our own to be heard: as always, feel free to post comments and replies. A more thoroughgoing analysis and critique appears in the second issue of The Commune.

new pamphlet – “the crisis: an interview with andrew kliman”

For our latest pamphlet, on the subject of the current economic crisis, we interviewed Andrew Kliman (author of Reclaiming Marx’s Capital) on the crisis of global capitalism, prospects and alternatives. The text is reproduced below. Email uncaptiveminds@gmail.com if you would like to order a hard copy of the pamphlet (£1).

Q. Descriptions of today’s crisis have included headlines proclaiming the “collapse” of the system.  How would you characterise the current crisis?

A:  There hasn’t been a collapse yet.  If there were one, you’d know it.  But there’s indeed a danger of collapse-of the financial system, and thus of the capitalist system as a whole. That danger was most acute and severe in mid-to-late September, prior to the U.S. Treasury’s $700 billion-plus bailout measures, but it persists even now [November 2].

The crisis is a crisis of “confidence.”  “Confidence” here isn’t some general optimism about the future of capitalism, but lenders’ confidence that the monies owed them will in fact be repaid. When that kind of confidence is shaken, as it has been, lending dries up. But production and trade depend crucially on lending–not only loans to build factories, malls, and offices, and to buy additional equipment–but also loans just to get from today to tomorrow, to pay workers, buy supplies and inventories, etc.  So any “credit crunch” has an effect on the so-called real economy.  If confidence were to be severely shaken, such that there’s outright panic in the credit markets-we were evidently rather close to that point in September, and the threat of such panic persists-there would be almost no new lending to speak of.  The “real” economy would grind to a halt in fairly short order.  That’s a collapse.

workers, intellectuals and the crisis

We publish below an Open Letter from Labour Scholars on the Economic Crisis from a number of left intellectuals in Canada on the current crisis. It was published by the New Socialist Group.  This document is important in two respects: firstly it provides useful ideas on how comrades in other countries think we can respond to this situation; secondly it also raises the question of the relationship of intellectuals to workers.  These intellectuals are posing their ideas directly to the labour movement and do not see their mental labour as separate from our movement.  This stands in stark contrast to events in the UK,  here we have seen no such documents or statements from the many intellectuals around such bodies as Capital and Class or Historical Materialism.  The Historical Materialism conference and Conference of Socialist Economists bring together many left intellectuals. But there is little relationship to the labour movement or belief that it has any bearing on its perspectives.  These comrades could do well to take a leaf out of the Canadian comrades’ book.

Chris Kane

mészáros, harman and brenner debate credit crunch

This evening the Socialist Workers’ Party’s Chris Harman, Richard Brenner from Workers’ Power and the Hungarian Marxist István Mészáros debated the topic ‘Marx and the credit crunch’ at Conway Hall in central London. Around 190 people attended the meeting.

‘march on the city’

by Jack Staunton

A demonstration has been called for 4pm on Friday 10th October at the Bank of England (Threadneedle St, London EC2, Bank tube) with the slogan “We won’t bail out the bankers”.

Chris Bambery writes in Socialist Worker that “we need to take to the streets to demand, “No bail out for the bankers – we will not pay for their crisis!” From small acts of resistance we can craft a political force that can knock back those running this destructive system.”

Of course, working-class action amidst the financial crisis should not be some instrument for building a party, but rather action which actually helps us weather the storm of the economic situation. While demonstrations mocking bankers like Friday’s may seem attractive, the most pressing matter is not to make shallow propaganda arguing ‘look: capitalism is crumbling’ as if power is about to fall into our lap, but rather for the workers’ movement to organise to defend ourselves from the worst concrete effects of the current economic climate (which is not limited to side-effects of the financial slump). Unemployment and underemployment, casual work with no stability (as experienced by many of the UK’s 750,000 call centre workers) and huge increases in utilities bills are all set to become even more aggravated.

We have produced a leaflet ‘the cost of living: it’s time to act’ about reshaping the workers’ movement for modern realities – the text is below.