Op Ed: Failure of Capitalism is Clear

by Razu Ahmed    June 04, 2009

Capitalism has failed. This fact conditions all future developments.
Since the fall of the Soviet Union, all the mouthpieces of capitalism repeated the mantra, ‘socialism has failed, capitalism has won, there is no alternative’ and ‘the end of history.’ Free-markets, privatization, corporate tax-cuts, deregulation, and outsourcing were seen as the only way forward. In short, there was a massive transfer of wealth from the poor to the rich. The workers had lost and there was very little pity from the victors.

Now, with the collapse of the free market capitalist model, millions upon millions of workers and youth are facing a new reality. ‘The capitalist system cannot provide you a job. The capitalist system cannot provide you a home. The capitalist system only provides war and poverty. Those who told you that capitalism was the only possible system lied to you.’ It is impossible to over-estimate the effect of the current crash on the psychology of the mass of the population, of all classes. The task of this document is to attempt to gauge the impact of the economic crisis on consciousness and politics so that revolutionaries may orientate their forces for maximum effect. Now is the time to organize the socialist alternative to capitalism and bureaucratic reformism.

The Greek philosopher Archimedes stated, ‘Give me a fulcrum, and I shall move the world.’ Marxism is the fulcrum from where the working class can stand and then the world will be moved as never before.

This work is licensed under a Creative Commons Attribution 3.0 License.

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