Thursday, January 24, 2013


Capitalism is a social system based on slumps and booms and no amount of political posturing by so-called statesmen will change that. 'The number of jobless people around the world rose by 4 million in 2012 to 197 million and is expected to grow further, the UN labour agency warns. In a report, the International Labour Organization (ILO) said the worst affected were youth: nearly 13% of the under 24s were unemployed. It said global unemployment was projected to rise 5.1 million this year and by a further 3 million in 2014.' (BBC News, 22 January) This immense waste of human endeavour is the norm for capitalism. Inside world socialism think of the abundance that these millions of producers could contribute to society. RD

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