Vladimir Lenin on Economic Disparity, Private Property, and the Need for Systemic Change

The Second Congress of the Communist International

In the United States of America food prices have risen, on the average, by 120 per cent, whereas wages have increased only by 100 per cent. In Britain, food prices have gone up by 170 per cent, and wages 130 per cent; in France, food prices—300 per cent,. and wages 200 per cent; in Japan—food prices 130 per cent, and wages 60 per cent (I have analysed Comrade Braun’s figures in his pamphlet and those of the Supreme Economic Council as published in The Times of March 10, 1920). 

In such circumstances, the workers’ mounting resentment, the growth of a revolutionary temper and ideas, and the increase in spontaneous mass strikes are obviously inevitable, since the position of the workers is becoming intolerable. The workers’ own experience is convincing them that the capitalists have become prodigiously enriched by the war and are placing the burden of war costs and debts upon the workers’ shoulders. We recently learnt by cable that America wants to deport another 500 Communists to Russia so as to get rid of “dangerous agitators”.

Even if America deports to our country, not 500 but 500,000 Russian, American, Japanese and French “agitators” that will make no difference, because there will still be the disparity between prices and wages, which they can do nothing about. The reason why they can do nothing about it is because private property is most strictly safeguarded, is “sacred” there. That should not be forgotten, because it is only in Russia that the exploiters’ private property has been abolished. The capitalists can do nothing about the gap between prices and wages, and the workers cannot live on their previous wages. The old methods are useless against this calamity. Nothing can be achieved by isolated strikes, the parliamentary struggle, or the vote, because “private property is sacred”, and the capitalists have accumulated such debts that the whole world is in bondage to a handful of men. Meanwhile the workers’ living conditions are becoming more and more unbearable. There is no other way out but to abolish the exploiters’ “private property”.

The racial and class question

The racial and class question

Virtually forgotten due to the discourse of Ukrainian unity and the general lack of interest in analyzing the nuances of events, the racial and class question is going virtually unnoticed in this war. If the Donbass conflict had a proletarian aspect that the press mocked in the first weeks of the DPR due to those Soviet-looking press conferences of workers and academics, in the current context, there have not even been any such comments. Presented as a war of national liberation, no aspect other than nationalism has deserved much mention in the Western press or in academia. Volodymyr Ishchenko and Ilya Matveev, who have sought to study the class aspect in the outbreak of the conflict, are the rare exception. To Ischenko’s surprise, RFE/RL published an article last September that dealt, albeit in generalities and without great depth, with the increase in inequality that war implies, an aspect that is, on the other hand, perfectly evident. “As the war drags on, the gaps in Ukrainian society are widening,” the American media headlines.

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U.S. can ‘certainly’ afford military support to both Israel and Ukraine, meanwhile…

U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says

“America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said, adding that the U.S. economy is doing “extremely well.”

“Inflation has been high and it’s been a concern to households, it’s come down considerably. At the same time, we have about the strongest labor market we’ve seen in 50 years with 3.8% unemployment. And at the same time, America, the Biden administration, has passed legislation that is strengthening our economy in years to come for the medium term.”

Related:

Ticking Time-Bomb: Food Inflation Is Crushing Millions Of Low Income Americans (archived)

And so the debate circles round and round. The US, the “most wealthy nation on the planet”, has a food security problem and is on the verge of an inflationary calamity for millions of low income citizens, all while it spends hundreds of billions of dollars on pointless climate change programs, diversity and inclusion initiatives and proxy wars. Something has to give, and the chances are growing that it will be the American consumer.

Argentinians protest against IMF-imposed austerity measures

Argentinians have taken to the streets of the capital, Buenos Aires, to protest against austerity measures imposed by the government following a deal with the International Monetary Fund (IMF).

Argentinians protest against IMF-imposed austerity measures

AP ‘conveniently’ leaves out the IMF deal! It’s almost as if they want Javier Milei to win (of course, they do)!

Previously:

How Javier Milei Upset Argentina’s Political Status Quo