Karl Marx and Friedrich Engels published the Manifesto of the Communist Party in 1848. By no means did Marx and Engels set out to read the fortune of future capitalist societies, or to develop some high-resolution photograph of future international political economy amongst states. Nor did they predict the various incarnations of communism that would arise after their time. Instead, the manifesto was a commissioned work; its intention was to communicate the purposes and platform of the Communist League, an international political party started in 1847 London.
The manifesto’s investigation of historical and then class struggle included polemicizing capitalism and the capitalist mode of production. Not surprisingly, the manifesto remains integral to the comprehension and investigation of a globalizing economy and roiling world order. The industrial revolution of a Modern West has since carried capitalism, like the malignant contents of a virus, injected into the nuclei of different governments its inhuman system, and sought thusly to possess centralized power everywhere for the benefit of the global hegemon, the 1%, the plutocracy. Saliently so, the United States has made itself a vector for a super strain of this selfsame, mutating capitalist virus. Now, it enjoys its last gasps of hegemony, stamping the world with its seal of war and free trade ad nauseam.
[Please click below to continue reading] Continue reading The Communist Manifesto Today,Mateo Pimentel
Wealth and Oppression
From 1948 to 1973, hourly compensation grew instep with the productivity of the typical American worker. This means that, for about a generation’s time, there was a relatively equal distribution of economic prosperity amongst workers in the United States. In the ensuing thirty years, however, inequality exploded. In her article entitled “The Capitalist Machine: Computerization, Workers’ Power, And The Decline In Labor’s Share Within U.S. Industries”, sociologist Tali Kristal evinces the dismal disconnect between productivity and pay spanning 1973 to 2011. Despite the fact that general productivity grew some 80 percent in those four decades alone, Kristal argues that reparations to workers did not follow suit. For that matter, workers generally saw compensation limp along, rising little more than 10 percent.
The drastic change in wealth distribution may not flummox Americans quite like it used to. The World Socialist Web Sites recently published an article that addressed the US’ war on basic democratic rights. One byproduct of America’s grossly inegalitarian distribution of wealth happens to be the spark in social unrest and dissidence among students and workers. The plutocracy continues to deploy militarized police and other state-sponsored means of political repression in order to quell public demonstrations of disapproval. Why? Mass unemployment and wage stagnation have plagued workers during the last six years since the 2008 financial banksterism crisis, even after taxpayer and state intervention rescued the US economy from annihilation by disaster capitalism. In other news, wealth has more than doubled for the super-rich since 2009 alone. The latest edition of the Credit Suisse Global Wealth Databook holds that 10 percent of Americans own more than 75 percent of the wealth. Thus, the US happens to be the most unequal of all “advanced economies” in the world.
[Please click below to continue reading] Continue reading The Consequences of Seven Decades of American Capitalism, by MATEO PIMENTEL