(Weekly Organ of the Communist Party of India (Marxist)
December 02, 2012
CPI(M)s Intervention at the 14th IMCWP
Kumar, member of the International
Department of the Communist Party of
AT the very outset
allow me to thank the Lebanese
Communist Party for not only hosting the 14th International
Meeting of the
Communist and Workers' Parties, but also making such
splendid arrangements. The
importance of this meeting, held here in
We are meeting here in
It is not just
The reasons for this naked aggressiveness of imperialism cannot be understood unless we consider the political and economic conditions of the contemporary world. Imperialism is using all the means at its disposal military, economic and political to come out of the current global economic crisis and ensure that it retains its hegemony over the world.
Starting from the 10th
The raison d etre
of capitalism is profit maximisation. In its quest for
maximising profits and
come out of the crisis it had found itself in the decade of
the 70s, capitalism
had initiated neo-liberal economic policies. As a result,
the maxim for the
State became, 'it is no business for the government to be in
the setback to socialism in
Capitalism unable to sell what it had produced, once again found itself in a crisis. To wiggle out of this situation, it had designed ingenious methods like providing people with what are called as sub-prime loans. To cover the risks arising from the non-payment of these loans, new forms of financial instruments were evolved. Many financial institutions that were viewed as 'too big to fail', found their books full of these volatile financial instruments. They, in fact, sat on a volcano that was soon to erupt and erupt it did swallowing all those 'big' financial institutions. This corporate insolvency is the second phase of the crisis.
Now, when the financial corporates collapse, taking down the stock market regarded as a thermometer for market sentiment it is bound to adversely affect the interests of capitalism. We find a situation where private capitalists who were till then shouting against government interference, at once demanding the government to bail them out. The capitalist State, true to its class character, came out in defence of these big financial corporates and bailed them out with huge packages. States that did not have any monies for enacting pro-people policies suddenly found trillions of dollars to rescue the financial institutions. While these financial institutions collapsed sinking the dreams of millions of tax payers who had invested their pensions and hard earned savings in them, the very money of these people taxes paid to the government is used to bail out these financial giants and ensure that they do not lose. This is the third phase in the current global crisis that rapidly led to the fourth phase.
By undertaking huge and unprecedented bailout packages for those very corporates who, in the first place, caused the financial meltdown, developed countries incurred huge amounts of debts surpassing their GDPs. Thus, global capitalism sought to overcome the crisis by converting corporate insolvencies into sovereign insolvencies. This, in turn, has intensified the crisis today plunging the world economy into a state of uncertainty.
Now we are in the
fifth phase of the crisis, where the
governments to wiggle out of the morass they find themselves
in, impose what
they term as 'austerity measures'. These are, in fact,
nothing but a naked
attack on the hard won rights of the working people.
Retirement ages are
raised, pensions and wages frozen, widespread retrenchment
became the norm
accentuating the already severe unemployment prevalent in
many countries. This
attack on the economic rights won by the working class is
complemented by an
attack on their social and political rights. The right to
organise, strike and
oppose the policies of the government are curtailed. Trade
unions are repressed
and political parties are painted black. The formation of
Capitalism to defend its actions launches an intense ideological campaign. Attempts to rewrite history, malign communism as a theory by equating it with fascism, trying to negate the achievements of socialism are all part of such ploys. They thus intend to rob the working class of its historical legacy and deny it the ideological weapon to fight capitalist system. But as history had repeatedly shown and recent events once again testify, working class will not be fooled forever by such trickery.
The 'austerity measures' introduced in many of the countries are indeed an attempt by the ruling classes to transfer the burden of the crisis on to the shoulders of the working class and common people. As the burden of sovereign debt in the name of 'austerity' is passed on to the common people, their purchasing power correspondingly declines. Combined with the growth of unemployment, this leads to a sharp contraction in domestic demand. Further, this global crisis has drastically reduced global trade. With the contraction of domestic demand in all the major economic powers, the contraction of GDP is inevitable. This, in turn, will lead to a contraction in governmental revenues, imposing further debt. The servicing of this would lead to imposing further burdens on the people. This vicious cycle has been set in motion.
Reports are already
On the other side of
On the top of these
two catastrophes awaiting to
happen the double dip recession of the EU and the
Convergence of all these three elements is what is making this global economic crisis more acute and whatever efforts capitalism is making to come out of the current crisis are bound to fail. It is in this background that imperialism is becoming more and more aggressive to bring under its control all the major pockets of natural resources, trading routes and world market. The military aggression in Middle-East, attempts to scuttle the popular uprisings, increase its military presence in Asia-Pacific, establish military bases across the world, particularly in Latin America are all part of this game-plan.
But as the global developments point out, people are not taking the attacks on their livelihoods and aspirations lying down. They are coming out in big numbers and forcing changes worldwide. The popular protests that we had witnessed in West Asia/North Africa; the strike actions, protests, demonstrations in Europe and other parts of the world; and the recent re-election of Hugo Chavez in Venezuela, all point to the mood of resistance amongst the people. It is this urge to resist and change the world for better that needs to be harnessed by us, Communists.
As Marx had taught us and Lenin had subsequently proved in practice, capitalism will not collapse on its own. It has to be overthrown. This requires the united action of all the exploited forces, led by the working class. It is only through adherence to Marxism-Leninism the only theoretical weapon that guides the working class in the struggle for systemic change and 'concrete analysis of the concrete conditions', as Lenin had taught us, can we strengthen the subjective factor for the overthrow of capitalism. There is no better time than now to change the world.
Socialism is the future, let us bring it now!
Long Live Marxism-Leninism.