The morbidity of capitalism arises from the fact that it is a system based on the exploitation of the many, the propertyless working class, by the capitalist class, the owners of the means for producing wealth. Only a part of the wealth produced by the workers goes to them in the form of wages; the rest is appropriated by the capitalists in the form of surplus value. It is this unpaid labour of the workers—surplus value— produced on a greater and greater scale as the result of their ever-increasing exploitation, that makes possible the continuous expansion of capital. This is the law of capitalist accumulation. Thus small capitals become large ones and in the competition between them weaker units are forced out of existence or absorbed by the stronger ones and wealth tends to concentrate into fewer and fewer hands.
But competition is not eliminated by the monopolistic tendencies of capitalism; it is merely transferred to a higher and intenser level by the gigantic capital formations of the various “nationals” fighting for domination in a world market. That is why the State, as the regulating authority of the capitalist class must become a more and more active partner in the economic life of the national capitalist economy, and by its exercise of political control seek to unify its various elements into as strong an economic entity as possible in order to compete with other capitalist nations on equal terms.
The political form which capitalism takes is, then, not a result of the political programmes of its parties, but a consequence of its economic development. It is, then, the rigorous pattern of political uniformity which modern capitalism imposes upon those who seek to administer it that explains why the famous continuity of policy, whether domestic or foreign, between the Tory Party and the Labour Party follows as a matter of course. The main task of alternative governments is, then, to supplement, and extend what the last government began. Capitalism is capitalism, whatever the form. Whether it exists as one-man concerns, joint-stock companies, trusts, cartels or State monopolies (nationalisation) it is still capitalism with the same parasitic nature: Private or class ownership of the means of life and enslavement of the working class. The means of production are socially operated because the laws, methods of management, and the interaction of the various members of society who take part in wealth production, are all adapted to serve the present economic system.
But both the means of production and the products are privately owned. Hence there does not exist the socialisation—or the making into a social system—of the means of production and distribution. This can only exist when social operations are combined with social ownership of both means and results of production. In other words, when socialism is established.
The object of capitalist production is profit. Marx dealt fairly exhaustively with this fact, and no one yet has demonstrated the alleged error in his reasoning. He also showed that wages, like the prices of other commodities, were an extremely variable factor. Nowhere did he suggest that they could never rise; while he indicated, with exceptional clarity, the part played by machinery in intensifying the exploitation of higher-paid labour-power and reducing the proportion of the workers’ share in the fruits of their labour.
When we enter the arena of elections, it is not just a matter of another party on the time honoured game of fooling the workers. We do not treat the business as a sport, wishing our opponents good luck and congratulating the one who succeeds in collecting the most votes and a well-paid job. We do not indulge in hypocritical hand-shaking with our opponents or in the “good-luck-and-the-best-man-has-won” bunkum.
We are in deadly earnest. Our opponents represent our class enemies and there can be no truce in the class struggle.
We do not even canvass votes as do our opponents. In fact, we urge workers to refrain from voting for us unless they understand our object and are prepared to work with us for its achievement. An election campaign, for us, is a means of spreading our ideas amongst the workers at a time when there exists increased political interest and it is a means of gauging the development of socialist ideas. Further to that, of course, is the fact that, in contesting every possible election we are working towards the achievement of our object. Election campaigns that are successful in bringing more and more workers to an understanding and a desire for socialism are preparing the ground for an increasing number of campaigns in the future. Join with us in the only war worth fighting, in the only struggle worthy of working class effort, the struggle to end the system that deprives the workers of the fruits of their labour, the struggle so that poverty may give place to comfort, privilege to equality, and slavery to freedom.