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The class struggle between capital and the proletariat takes place all the time and forms the whole of our existence. In most cases it takes relatively peaceful forms, but throughout history it has given rise to numerous revolutionary movements which have threatened the existence of the mode of production. These movements have always originated in a refusal of unendurable proletarian living conditions, but it is not simply that an ' | The class struggle between capital and the proletariat takes place all the time and forms the whole of our existence. In most cases it takes relatively peaceful forms, but throughout history it has given rise to numerous revolutionary movements which have threatened the existence of the mode of production. These movements have always originated in a refusal of unendurable proletarian living conditions, but it is not simply that an ' | ||
- | Serious crises, such as the one we have been experiencing since 2008, break out in situations where the capitalist class fails to guarantee sufficiently high surplus value production under bearable conditions for the producers of this surplus value (that which in bourgeois jargon is called combining growth with social considerations). The most abstract definition of a crisis for the capitalist mode of production is that its reproduction is being threatened, that is to say the continued reproduction of the antagonist classes. It is on the concrete level, however, that we can see the crisis develop before our eyes: banks and companies that are threatened with bankruptcy and workers who are losing their jobs, are evicted from their homes, or are subjected to wage cuts, reduced pensions, poorer healthcare and so on. When single capitals or groups of proletarians get into straits, the State can intervene in order to ward off an emergency, by bailing out companies or handing out a little extra money to the municipalities and thereby maintaining a certain level of service. But there are never any miracle cures. In such instances, the State indebts itself, and sooner or later the budget has to be balanced, which means that in the end it is the proletariat which has to pay for it. The only mercy that the capitalist class can offer the proletarians of a country in crisis is some form of installment plan (a mortgage on future exploitation), | + | Serious crises, such as the one we have been experiencing since 2008, break out in situations where the capitalist class fails to guarantee sufficiently high surplus value production under bearable conditions for the producers of this surplus value (that which in bourgeois jargon is called combining growth with social considerations). The most abstract definition of a crisis for the capitalist mode of production is that its reproduction is being threatened, that is to say the continued reproduction of the antagonist classes. It is on the concrete level, however, that we can see the crisis develop before our eyes: banks and companies that are threatened with bankruptcy and workers who are losing their jobs, are evicted from their homes, or are subjected to wage cuts, reduced pensions, poorer healthcare and so on. When single capitals or groups of proletarians get into straits, the State can intervene in order to ward off an emergency, by bailing out companies or handing out a little extra money to the municipalities and thereby maintaining a certain level of service. But there are never any miracle cures. In such instances, the State indebts itself, and sooner or later the budget has to be balanced, which means that in the end it is the proletariat which has to pay for it. The only mercy that the capitalist class can offer the proletarians of a country in crisis is some form of installment plan (a mortgage on future exploitation), |
In the autumn of 2008 we witnessed how the capitalist states coordinated themselves on a world scale (from Washington to Beijing, from Frankfurt to Stockholm) in order to confront the financial crisis, but still they are far from mastering the situation. We’ve gone from a situation where the banks were at the brink of bankruptcy to one in which whole countries are threatened by insolvency. The public debt crisis is not over yet and if the situation worsens – for instance as a result of renewed struggles in Spain or in other deeply indebted countries, or as a consequence of higher oil prices – this could very well produce a domino effect like the one that the banks were facing in the autumn of 2008 and the beginning of 2009. The international community is already holding a number of countries above water (Iceland, Latvia, Greece, Hungary, Ukraine, Ireland…) and the question is how many more it is able to hold up. | In the autumn of 2008 we witnessed how the capitalist states coordinated themselves on a world scale (from Washington to Beijing, from Frankfurt to Stockholm) in order to confront the financial crisis, but still they are far from mastering the situation. We’ve gone from a situation where the banks were at the brink of bankruptcy to one in which whole countries are threatened by insolvency. The public debt crisis is not over yet and if the situation worsens – for instance as a result of renewed struggles in Spain or in other deeply indebted countries, or as a consequence of higher oil prices – this could very well produce a domino effect like the one that the banks were facing in the autumn of 2008 and the beginning of 2009. The international community is already holding a number of countries above water (Iceland, Latvia, Greece, Hungary, Ukraine, Ireland…) and the question is how many more it is able to hold up. |