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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The Nature and Growth of Capital: Wage Labour and Capital

by Karl Marx

Capital consists of raw materials, instruments of labour, and means of subsistence of all kinds, which are employed in producing new raw materials, new instruments, and new means of subsistence. All these components of capital are created by labour, products of labour, accumulated labour. Accumulated labour that serves as a means to new production is capital.

So say the economists.

What is a Negro slave? A man of the black race. The one explanation is worthy of the other.

A Negro is a Negro. Only under certain conditions does he become a slave. A cotton-spinning machine is a machine for spinning cotton. Only under certain conditions does it become capital. Torn away from these conditions, it is as little capital as gold is itself money, or sugar is the price of sugar. Continue reading

Cypriot Communists on European Parliament Resolution on 2011 progress report on Turkey

Statement of the Head of the International Relations and European Affairs Department of the Central Committee of AKEL, Costas Christodoulides

Release Date: March 30, 2012

Press Office C.C. AKEL, 30/3/2012, Nicosia

Yesterday the European Parliament approved the annual assessment of Turkey’s accession course.

AKEL do not vote in favour of the Report because it contains some serious inaccuracies and errors in the paragraph on the Cyprus problem and other relevant points. We tabled amendments which although were not approved sent the message that there is significant room for improvement.

This does not negate the fact that the Report includes elements that are evaluated as positive. The Resolution regarding the Cyprus notes the following:

The reference to the need for Turkey to comply with the Law of the Sea and the inclusion of the provision in the Report on Turkey’s statements and threats against the Cyprus Presidency of the Council of the EU are perceived as positive. Turkey’s assessment that it can behave in an unruly and aggressive manner against the sovereign rights of the Republic of Cyprus without any cost is not accepted by the European Parliament.

In addition, we also assess as positive the call for the withdrawal of the Turkish troops, the return of Famagusta based on UN Resolution 550, as well as the inclusion of a provision regarding the colonisation.

The negative aspect of the Report includes the erroneous equation of Turkey’s role with the other interested parties regarding the call to work intensively and constructively for a comprehensive solution.

Furthermore, it mistakenly calls on the Republic of Cyprus to open the port of Famagusta under the customs aegis of the EU, given that this position is a proposal of our side, but which the Turkish side rejects.

In addition, for the second year it avoids referring to the parameters of the solution (UN, EU) in contradiction to the decisions of the EU Council.

We wish to point out the following. Those forces and institutions who want to really contribute to the solution of the Cyprus problem must consistently exercise their political influence on the intransigent side which is the force keeping the people of Cyprus, Turkish Cypriots and Greek Cypriots, prisoners for 38 years.

We reiterate our position that we are in favour of Turkey’s accession course, subject to its full compliance with the negotiating framework that has been set and that it fulfils its obligations towards Cyprus.

AKEL will continue to disagree with approaches that appease Turkey, particularly as long as the latter exhibits an intransigent stand with regards its own obligations.

Finally, the Cypriot people once again had the opportunity to determine that the most consistent supporter of its rights in the European Parliament is the European United Left-Nordic Green Left, which backed all the positions of principle for the solution of the Cyprus problem and the need for Turkey’s compliance with its obligations.