Thank you Cde kwena . It now makes a lot of sense. Cde George Sent via my BlackBerry from Vodacom - let your email find you!
-----Original Message----- From: Dominic Tweedie <[email protected]> Sender: [email protected] Date: Sun, 16 Oct 2011 13:06:52 To: <[email protected]> Reply-To: [email protected] Subject: Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the key to economic expansion Amandla, Cde Alex! Herewith attached is a one-page excerpt from Chapter 14 of Value, Price and Profit, containing the words that you have quoted. Value, Price and Profit is altogether a historic document. It was a talk that Marx gave to the effective executive committee of the First International, soon after it was founded, and when it could have been derailed by the petty-bourgeois fantasies of "Citizen Weston". For the story, see the MIA Introduction, *here<http://www.marxists.org/archive/marx/works/1865/value-price-profit/introduction.htm> *. The other attached document is a shortened 12-page-booklet version that I prepared for political education purposes. The full document can be found *here<http://www.marxists.org/archive/marx/works/1865/value-price-profit/index.htm> *. VC On 16 October 2011 07:50, <[email protected]> wrote: > Can there ever be economic freedom without socialism, without an end to > economic exploitation? Over and above reformism what is economic freedom in > a capitalist mode of production? Is it true we have political freedom in SA? > Can there ever be political freedom without the working class being the > ruling class and organised as the state? > > In the article Value, Price and Profit (pardon me if I didn't properly > capture the title of the article. The last time I read it was in the late > 1990s) Marx in advance deals a blow with the arguments on wages as advocated > by "DHM" (called so by the VC). Marx concludes in the article that the > structural limitation of trade unions (the ones he observed) was to make > raising the level of wages the main content in the context where there's in > science what we called an 'inverse relationship' between wages and profit. > The conclusion Marx points out, which "DHM"'s logic contradicts, is that the > wages system must be abolished. Actually, "DHM"'s argument is an argument > for building capitalism, so long as there are so-called good wages to > facilitate market buying and selling (what Marx in Vol. I and II of Capital > represents with the formula M-C'-M'). This logic by "DHM" represents > complete contradiction to what Marx analyses as exploitation in Capital Vol. > when dealing with the production of surplus value. Regardless of wage levels > there's exploitation of labour when a capitalist appropriates the surplus > value created by labour. The silence of "DHM" about this point indeed must > be assuring to capitalists that the Limpopo's Finance MEC is championing > their programme. What must come to an end, is exploitation. In Capital Vol. > Marx addresses the issue of wages and crisis of capitalism. We hear nothing > from "DHM" about this. > > There are many things missing in "DHM"'s article, but some of these > reflects inexperience in trade union work. He call on the left, progressive > trade unions included, to condemn clothing and textile workers union. What's > this? I wonder if "DHM" wondered to contact the union to gain clarity. The > arguments by "DHM" on the union are not only abstract, they are just empty > of both experience and appreciation of the work by the union in a sector for > over the past 17 years. > > It's said it's easier said than done. It's easy to promote personality cult > and factionalism with phrases such as there's lack of political will. It's > easy to abandon class analysis (scientific) in favour of personality cult, > factionalism and associated forms of liberalism. > > What's missing too, from "DHM" is the Leninist part of our Marxism, i.e. > Marxism-Leninism. There's absolutely no analysis of imperialism, for > intance, in "DHM"'s work. The impact of imperialism is not seen, "only lack > of political will". > > We who are in unions know we made some achivements, but after that a > company shut down and went to another country. These are the challenges we > are dealing with, presently. > > I don't want to express any view at the moment on the clothing and textile > union. It's best to continue working by being in contact with the union. > > Let's all read Marx. Otherwise we will be taken advantage of. > > Empty talk is cheap! > > Let's continue to mobilise for the overthrow of capitalism, let's use every > battle workers have, including on wages, against capitalists, to press ahead > our struggle to have capitalism overthrown. And let's respect, especially > those of us who are in or work with unions, workers' mandates and the > principle of worker control. > > Empty talk is cheap! > > AlexM > > Sent from my BlackBerry® wireless device > > -----Original Message----- > From: "Setja Diphoko" <[email protected]> > Sender: [email protected] > Date: Sat, 15 Oct 2011 16:35:11 > To: <[email protected]> > Reply-To: [email protected] > Subject: Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the key > to > economic expansion > > Requesting permission to engage > > > Lesetja Diphoko > "Sent via my > BlackBerry" > > -----Original Message----- > From: "[email protected]" <[email protected]> > Sender: [email protected] > Date: Sat, 15 Oct 2011 16:19:50 > To: [email protected]<[email protected]> > Reply-To: [email protected] > Subject: RE: [YCLSA Discussion] DAVID MASONDO: Equality of income the key > to > economic expansion > > Hands off David Masondo > > Sent from iPad > -----Original Message----- > From: [email protected] > Sent: 15/10/2011 11:11:17 > Subject: Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the key > to economic expansion > > Haai VC, but some r kicking the man not the "phony" presentation and erich > it to the right direction... > > > Sent from my BlackBerry® wireless device > > -----Original Message----- > From: Dominic Tweedie <[email protected]> > Sender: [email protected] > Date: Sat, 15 Oct 2011 11:07:34 > To: <[email protected]> > Reply-To: [email protected] > Subject: Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the key > to > economic expansion > > We are engaging. With heavy artillery. > > If you are afraid of artillery, stay under cover. > > > VC > > > > > On 15 October 2011 11:01, <[email protected]> wrote: > > > Will be it wrong of us to engage the subject, regardless??? > > > > Sent from my BlackBerry® wireless device > > ------------------------------ > > *From: * <[email protected]> > > *Sender: * [email protected] > > *Date: *Sat, 15 Oct 2011 05:07:28 +0000 > > *To: *<[email protected]> > > *ReplyTo: * [email protected] > > *Subject: *Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the > > key to economic expansion > > > > "The state and business elite", so says a member of the state elite > > responsible for money, defining own duties. But are these the duties of > > every one in the state? > > > > Sent from my BlackBerry® wireless device > > ------------------------------ > > *From: * [email protected] > > *Sender: * [email protected] > > *Date: *Fri, 14 Oct 2011 17:33:16 +0000 > > *To: *<[email protected]> > > *ReplyTo: * [email protected] > > *Subject: *Re: [YCLSA Discussion] DAVID MASONDO: Equality of income the > > key to economic expansion > > > > Once again Masondo is using his pseudo communist politicking 2 score > cheap > > political goals and this appease capital that has co-opted him 2 its > fold. > > He abuses the marxist knowledge with impunity whilst he partakes in the > same > > exercise of conspicuous consumption either directly or indirectly. > Despite > > the truth inherent in his article I can state his conclusion is driven by > > hate and a shameful exercise on his part 2 deface the SACP of its > > revolutionary disposition. He has no moral authority 2 raise the some > truths > > found in his article at all. Mr Masondo cannot re-write history > regardless > > of his influence n money due 2 his alligience 2 da limpopo mafia, > historory > > can be re-written, the apartheid regime failed despite the trillions of > > rands it invested 2 re-write history simply because the facts of life are > > just so stubborn. The fact is that SACP has a role to place in the > > transformation on the country's economy no matter what our bankrolled > > scholar and friends may wish! Cde George > > > > Sent via my BlackBerry from Vodacom - let your email find you! > > ------------------------------ > > *From: * "Trevor Kekana" <[email protected]> > > *Sender: * [email protected] > > *Date: *Fri, 14 Oct 2011 13:48:43 +0200 > > *To: *<[email protected]> > > *ReplyTo: * [email protected] > > *Subject: *[YCLSA Discussion] DAVID MASONDO: Equality of income the key > to > > economic expansion > > > > Please note the closing remark..**** > > > > [image: Business Day]**** > > > > ** ** > > > > LEVELS of income inequality are rapidly growing in SA. About 48% of the > > population earns less than R11 a day, while whites earn eight times more > > than Africans.**** > > > > A Gini coefficient of zero signifies perfect equality. The South African > > Gini coefficient is 0,69, while Brazil’s is 0,56. This clearly shows S A > is > > drifting towards perfect inequality.**** > > > > Surprisingly, the recent 5% salary increase for public representatives > and > > judges, and textile union Sactwu’s concession of a 30% wage cut for new > > labour entrants into the textile industry, did not attract much outrage > from > > the left. **** > > > > Entrepreneurs produce for the market to earn a profit. South African > > entrepreneurs largely earn a profit by selling raw materials and some > > manufactured goods for export to developed and developing countries with > > lower production costs, such as China and India. In turn, we import > > machinery, semifinished and finished goods.**** > > > > The state generates revenue from taxation, part of which pays high > salaries > > to politicians and bureaucrats. **** > > > > High-income inequality in the context of a small industrial base > constrains > > the ability of the South African market to widen. The expansion of the > > market is determined by demand from wages and profits. The higher the > profit > > and wage rates, the more entrepreneurs are likely to expand investment , > > thus buying more inputs and labour.**** > > > > Higher wage rates increase workers’ consumption, thus providing positive > > feedback for entrepreneurs to invest in production. In the long run, this > > may lead to economic development.**** > > > > State and business elites tend to spend their high incomes on luxurious > > consumption, while the majority of our population cannot afford this. > **** > > > > Low wage rates imply a lower demand for mass consumption, hence low > > production. Since the elites are few, entrepreneurs are likely to produce > > fewer products because the market is small.**** > > > > The luxurious consumption patterns do not manifest only in differential > > sources of income and inequality, but are also a reflection of the > state’s > > inability to discipline luxurious consumption. Measures that discourage > > luxurious consumption in favour of mass consumption can grow the economy > and > > improve the living conditions of the poor.**** > > > > Higher wages will inevitably lead to mass consumption as opposed to > elitist > > consumption of luxurious goods, thus widening the market. This will > increase > > the economic incentive for business to invest, thus growing the > economy.** > > ** > > > > Policy instruments to curb high levels of income and luxurious > consumption > > among elites may also generate a sense that the burden of the economic > > crisis is not placed on the shoulders of the poor. **** > > > > Strict control of capital outflow is also necessary to ensure that the > > investable surplus stays in the country. In South Korea, international > > financial transactions are made through state banks. SA does not take > > extreme measures such as those in South Korea, where illegal capital > flight > > is punishable by death. But policy sticks to keep the investable surplus > in > > SA must be found.**** > > > > Locking investable surplus into the national economy will not inherently > > lead to productive consumption. Applied on its own, this instrument will > not > > curb the elites from engaging in luxurious consumption within the nation > > state. This is why there is a need for anti-luxurious consumption tariffs > > and domestic taxes, as well as investment imposed through an > interventionist > > industrial policy aimed at bolstering economic development.**** > > > > Income earning is determined by ownership of economic and political > assets. > > The principal assets that enable the state and business elites to > maintain > > these income inequalities are economic power and incumbency of state > office. > > **** > > > > The only asset that workers have in order to claim the surplus they > produce > > is their ability to organise and fight for their interests. It remains to > be > > seen if the leftist organisations are up to the task of organising not > only > > against income inequalities, but also for the working people to win > > political power and for the equitable redistribution of strategic > economic > > assets. **** > > > > The economic crisis requires bold leadership, political will and > militant, > > working- class movements to tackle the structural inequalities rooted in > the > > unequal ownership of the key strategic resources. **** > > > > *Unfortunately, we do not have all these in SA. So business can relax. * > > > > • Masondo is a South African Communist Party central committee member and > > Limpopo treasury MEC**** > > > > ** ** > > > > http://www.businessday.co.za/articles/Content.aspx?id=155840**** > > > > ** ** > > > > ** ** > > > > http://www.investec.com/en_group/#home/legal/email_disclaimer.html > > > > The disclaimer also provides our corporate information and names of our > > directors as required by law. > > > > The disclaimer is deemed to form part of this message in terms of Section > > 11 of the Electronic Communications and Transactions Act 25 of 2002. > > If you cannot access the disclaimer, please obtain a copy thereof from us > > by sending an email to: [email protected] > > > > -- > > You are subscribed. 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