The objective of capitalism is to make a profit. The recipients of profit are the capitalists who are, and always will be, a minority. The workers, who produce the wealth but do not possess it, are the creators of all profits, and that creation arises directly from the act of robbery which is inevitable so long as the wages system exists. Under capitalism the earth and all of its major resources belong to the few and not the many; production is by the many for the enrichment of the few. The position of the working class is that of wage slaves. Although sometimes the wages are called salaries, the slavery remains the same. The wage slave majority does not own or control the world. We are the second-rate citizens in a world which should be ours.
Capital is wealth, the result of past labour, used to obtain profit. This in turn is but the unpaid labour of the workers. The profit motive is behind all capitalist production. The bread we eat, the clothes we wear, the houses in which we live are not produced for their use, but for profit. Unless there is a profit, or the prospect of it, capitalist production ceases, in fact it would not be started. This will explain, apart from other considerations; why millions of our class are unemployed, are forced to a demoralising idleness: the capitalists can find no profitable use for even the goose that lays the golden eggs. Yet for thousands of years, for by far the greater part of human history, capital was unknown to the human race. Even the extensive use of the precious metals marks but a late stage in human development. The predominance of money as a factor in economic relationships is, in fact, not more than a few centuries old. The point we wish to emphasise is that there is nothing intrinsically indispensable about the great “god" money. The "yellow, glittering gold" of capitalism, apart from its various uses to the present system, is in reality of much less real use to human needs than many of the baser metals. In a really healthy and sanely-organised system of society, wherein profit was absent—could not exist, in fact—there would be no need of such things to facilitate the distribution of the products of labour. Therefore, we of the Socialist Party of Great Britain stand for the abolition of capital because we stand for the abolition of capitalism. The immense productive powers of to-day must be converted into the common property of the community; they must be democratically owned and controlled, through which they would be operated for use instead of for profit. There is no other way out for the working class. The capitalist class must be dispossessed of their control of the means of living, and this can only be done by divesting them of their political power.
Socialism has nothing to do with regulating capitalism or equalising social relations within it, or injecting illusory feelings of co-operation into it, or moulding or reforming it in any way. Socialism is not a process of playing with the surface image of the profit system. Socialists are uncompromising enemies of the capitalist system. While it exists, in whatever forms, we fight against it. Socialists are not alone in this fight. Capitalism necessitates class struggle between capitalists and workers. The two classes have opposed interests and live in a condition of permanent tension which frequently erupts into class war in various forms. The difference between the socialist struggle and that of our fellow workers who are not yet socialists is that we know what we are fighting against and what we are fighting for. Too often workers struggle in the dark; they hate the boss, they seek justice, they place faith in reform schemes or other illusions. To become a socialist is to see through the dark and convert blind struggle into a movement for social revolution. The socialist proposition commences, then, at the point of seeing the need for fundamental social change; it proceeds to consciously prepare for revolution. That is the Socialist Party’s task.
The Socialist Party points out firmly that a free society can never by fashioned by coercion. Conversely, armed might can never be the agent of liberation in any real sense of the word. Socialism is a world society in which all wealth (the land, farms, factories and all their products, communications systems, buildings) are owned and controlled democratically by all the people in the world. There are enough natural resources on the earth and sufficiently developed technology to satisfy the needs of every human being. The social guideline will be co-operation; all things to benefit all people. There will be no divisions based on economic factors; no money, no classes, no countries, no banks, no soldiers, no lawyers and no employment. Work will be carried out voluntarily according to what each individual decides they can contribute and what they most enjoy doing.
The Socialist Party, the only Marxist party in Britain, since 1904. We seek to establish a free and democratic society and we are the first to point out that this will never be brought about by any of the tactics used by our class enemies, such as those listed above. We seek to establish a society of mutual co-operation, not a dictatorship—a society which will be class-free. We in the Socialist Party are men and women who belong to the working class; we share the same experiences of exploitation and fear of economic insecurity; we know what all this means because we live the part. But we claim to have studied the problems of the workers' lives at their foundation. As a result we are able to declare that the solution has been found. We know, and can prove our case, that the wealth of the world is produced by the workers. We know, and can prove it, that what the workers can do so efficiently for the capitalist class they can do even more effectively for themselves.