Quote:
Originally Posted by MsLioness  I enjoy these struggles also.
Of course we should advance and improve upon theories, and adjust them to fit our current situations. The intelligentsia should keep that afloat.
I do not understand the role the poor proletariat plays in the disinvestment in stocks....I do not understand how the poor proletariat even invests... Every poor working person I know, does not have the luxury of saving any money or even the slightest capability of allowing some of it to go into someone's company or major corporation.
When you say:
"We have to cultivate an analysis of the depletion or reduction of capital, that is, the idea that the world socialist revolution can deplete or reduce capital to a form which is unusable for capitalism/Imperialism."
The Revolutions allow those Socialist countries to take care of each other (with integrity).
And we always remember that corporations run capitalist government.
In essence, each time a country becomes Socialist, america looses power.
I am simply asking, if capital is depleted for america by the market theory (the proletariat simply not investing), what would our plight be as Africans still in america? What would African countries and other countries suffering by the hand of the oppressor plight be? What would Socialists states become? Is this type of happening of one that has been tested? Even so/not, what becomes of america? Would Pan-Africanism just....happen? Are not the markets international?
Is this something before or after "The World Socialist Revolution?"
(I know only a little about markets, so lay it on me properly...*wink*) |
Let me try to take this one first. Capital is not depleted merely by the proletariat/working class not participating in the market system, altho this strips a great deal of liquidity away from the capitalists. The market theory just does not belong to the capitalist era of development, however some purely contrived markets must be totally eliminated and destroyed, such as the market for exotic paper. What the stock speculators refer to as "asset-backed commercial paper" (ABCP). Stuff like "bearer bonds" which the banks print with serial numbers and security paper approved by the SEC and adhering to international standards.
There are other securities too, if you have ever read a "Nigerian Scam Letter." It may be in the form of rubies, diamonds, gold, etc. Wealth in these forms may be difficult to eradicate, without complete collectivization of the economy. However they represent purely liquid value and not entire modes of capital resources, so they pose less of a threat to socialist society.
Back to ABCP. That can be, aside from the exotic paper, anything. From liquid assets in a bank, such as millions or billions of dollars in money or treasure socked away in a vault (as in bearer bonds) to futures in oil or food crops or any product yet to be brought to the market. (I got an education in how the commercial money market operates from a few issues of the London Financial Times during last years meltdown.)
And these things are represented on pieces of paper. Futures, for instance, may represent millions of shares to billions of shares and are based on pure market speculation. If you buy futures in, say, a tanker nine months from now at X-amount of dollars per barrel, that price is locked in. So if the price of oil dramatically rises over that period, you will make a killing on the price (not cost) of oil. You can send your tanker on a circuitous route to nowhere if you have not already auctioned it off, and wait for the price to rise even further. That is how the futures market works, so if you have futures in fruit of other perishable goods, you can allow a portion to perish so that the price can be pushed upwards. Who cares about ending starvation, in this system.
A piece of paper can control entire companies with balance sheets larger than many countries. Coca Cola, Pepsi, Millers Beer and other beverage manufacturers have facilities which could end the crisis for water purification in Africa, thereby stopping disease epidemics like guinea worm, infant diarrhea, and the back breaking labor of women who must travel miles to retrieve drinking water from wells. Ownership and control of such companies is determined on paper. On a damn ass abstraction! A piece of shit, as Lenin called it (a "parasitic excresence" is "shit" in Russian). Now tell me you don't understand what I'm is talkin bout. I kno you feel me.
We tear up the paper and redistribute the resources. The resources must be totally redistributed, not only owned by the working class, but redistributed thru Africa, the Caribbean and Latin America. This is why I say the self-led African proletariat (in North America) must assume leadership over the entire revolutionary struggle, because the white Left will not be down for such a redistribution. They will object if they are allowed to define the struggle and the process of "uneven development" which Marx attributes to capitalism will also be a feature of "socialism".