The Socialist Party calls on fellow-workers to study our principles. Together let us build our socialist party on firm foundations. We favour abolition of the wage system as a whole. Let the organised working people manage industry, eliminate private profit, plan production to suit the needs of the people – for peace, prosperity and plenty for all.
The Socialist Party declares that life, liberty, and happiness for every man, woman, and child are conditioned upon equal political and economic rights. That private ownership of the means of production and distribution of wealth has caused society to split into two distinct classes with conflicting interests, the small possessing class of capitalists or exploiters of the labour force of others and the ever-increasing large dispossessed class of wage-workers, who are deprived of the socially-due share of their product. That capitalism, the private ownership of the means of production, is responsible for the insecurity of subsistence, the poverty, misery, and degradation of the ever-growing majority of our people. That the same economic forces which have produced and now intensify the capitalist system will compel the adoption of socialism, the common ownership of the means of production for the common good and welfare, or result in the destruction of civilisation. The Socialist Party's object is the establishment of a system of cooperative production and distribution. The capture and control of political power by the Socialist Party will be tantamount to the abolition of capitalism and all class rule. The solidarity of labour connecting us with millions of class conscious fellow workers throughout the civilised world will lead to world socialism. Working people will be guaranteed security, democracy, equality and peace only when our planet is run on an entirely different basis than it is now; only when a socialist system replaces the present capitalist one. The new socialist system would mean that working people would own the country’s factories and farms and they would plan production and distribution for their own needs. Workers must unite with workers in all countries to win peace and socialism. There must be constant public advocacy for socialism. The Socialist Party must always work towards unity and against division. At one point, a clear line drawn. The Socialist Party may never sacrifice their principles in order to maintain some unwarranted unity or to gain some temporary advantage.
To the establishment of socialism and the building towards communism, we pledge our efforts. To begin to understand it, and to be capable of revolutionising it, the first step is to distinguish between two antagonistic classes: the capitalist class and the working class. The capitalist class owns and controls the means of production, distribution and communication. The working class owns none of these, and therefore workers must sell their labour power to the capitalist for wages in order to live. The worker creates a product of value, part of which is returned to him as wage, and the rest of which is taken from him by the capitalists as profit. Thus is created the basic antagonistic contradiction between worker and capitalist, since the interest of one is, and has to be, directly opposed to the interest of the other. This most fundamental of contradictions will not end until capitalism with its private ownership and/or control of the means of production is itself ended, and replaced with socialism.
In socialist society, all means of production will be common property. There will be no classes and no class struggle. The consequences of class divided society – racism, national chauvinism, male supremacy, the monogamous family based on property, etc. – will all have disappeared. There will be no wars, no armies, and no need for weapons of war, which will become historical curiosities. There will be no distinction between mental and manual work. Socialism will be a life of material and cultural abundance. The world is currently in a period of great economic and social crisis, as is the entire capitalist world. Layoffs, cutbacks, and inflation are damaging the lives of millions while a small minority reaps profits. And the crisis is showing itself not only in the economic sphere, but in every area of life for the people. Piecemeal reforms cannot solve the problems our society faces.