Capitalism: A Ghost Story

by Arundhati Roy

Rockefeller to Mandela, Vedanta to Anna Hazare…. How long can the cardinals of corporate gospel buy up our protests?

CORBIS (FROM OUTLOOK, MARCH 26, 2012)

Antilla the Hun Mukesh Ambani’s 27-storey home on Altamont Road. Its bright lights, say the neighbours, have stolen the night.

Is it a house or a home? A temple to the new India, or a warehouse for its ghosts? Ever since Antilla arrived on Altamont Road in Mumbai, exuding mystery and quiet menace, things have not been the same. “Here we are,” the friend who took me there said, “Pay your respects to our new Ruler.”

Antilla belongs to India’s richest man, Mukesh Ambani. I had read about this most expensive dwelling ever built, the twenty-seven floors, three helipads, nine lifts, hanging gardens, ballrooms, weather rooms, gymnasiums, six floors of parking, and the six hundred servants. Nothing had prepared me for the vertical lawn—a soaring, 27-storey-high wall of grass attached to a vast metal grid. The grass was dry in patches; bits had fallen off in neat rectangles. Clearly, Trickledown hadn’t worked. Continue reading

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Relation of Wage-Labour to Capital: Wage Labour and Capital

by Karl Marx

What is it that takes place in the exchange between the capitalist and the wage-labourer?

The labourer receives means of subsistence in exchange for his labour-power; the capitalist receives, in exchange for his means of subsistence, labour, the productive activity of the labourer, the creative force by which the worker not only replaces what he consumes, but also gives to the accumulated labour a greater value than it previously possessed. The labourer gets from the capitalist a portion of the existing means of subsistence. For what purpose do these means of subsistence serve him? For immediate consumption. But as soon as I consume means of subsistence, they are irrevocably lost to me, unless I employ the time during which these means sustain my life in producing new means of subsistence, in creating by my labour new values in place of the values lost in consumption. But it is just this noble reproductive power that the labourer surrenders to the capitalist in exchange for means of subsistence received. Consequently, he has lost it for himself. Continue reading

With Tenacity, Optimism, Militancy to Decisively Strengthen the KKE

Communist Party of Greece (KKE)

Aleka Papariga, General Secretary of the Central Committee of the KKE, held a press conference 18/4 on the enormous social issue of unemployment, which now affects every Greek family, as unemployment according to official statistics has surpassed 21%, while amongst young people it is over 50%.

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As A. Papariga stressed, in the election period the question of unemployment will be used by the other parties as a theatre piece, and they foster illusions that investments which support the profitability of capital will reduce unemployment and raise wages and pensions. The KKE has a unified proposal for struggle. Continue reading

What are Wages? How are they Determined?: Wage Labour and Capital

If several workmen were to be asked: “How much wages do you get?”, one would reply, “I get two shillings a day”, and so on. According to the different branches of industry in which they are employed, they would mention different sums of money that they receive from their respective employers for the completion of a certain task; for example, for weaving a yard of linen, or for setting a page of type. Despite the variety of their statements, they would all agree upon one point: that wages are the amount of money which the capitalist pays for a certain period of work or for a certain amount of work.

Consequently, it appears that the capitalist buys their labour with money, and that for money they sell him their labour. But this is merely an illusion. Continue reading

Sample Resolutions from the XXI Congress of the Communist Party of India

Resolution on Agriculture and Farmers’ Plight  

The 21st Congress of the CPI expresses its anguish and deep concern over the anti-people measures pursued by the Government in the centre and the states as well across the country with regards to agriculture sector and farmers community.

While Indian agriculture scenario is becoming gloomy day by day and around 70% of the population engaged in this sector are facing severe economic crisis resulting in the incidents of suicides committed by more than 2.5 lakh farmers, the governments are mostly reluctant to address the genuine problem rather becoming rhetoric and mostly undertaking the measures which lead to more pauperization. Continue reading