Communism is a brilliant idea...as long as it stays as an idea. Communism in real life does not work because those down there (us) have nowt and those running the show have everything. At least with Capitalism you have a choice.
Would tend to agree but one problem is that capitalism is now frequently presented as the only viable economic system, given that Marxism lost so much credibility in the wake of the collapse of the Soviet Union and the dilution of Communism in China. According to the late Mark Fisher (a blogger known as K-Punk), the quotation “it is easier to imagine an end to the world than an end to capitalism” encompasses the present state of affairs.
In his global history of ethics The Quest for a Moral Compass, Kenan Malik also makes the same point, observing that:
‘By 2008…the possibility of change, at least in the way that Marx would have understood it had become negligibly small. The depth of the economic crisis led to talk of ‘a crisis of capitalism’. And yet there was no political challenge to capitalism. Worker’s organisations had been destroyed, the left had imploded, as had the idea that there could be an alternative to the market system. The resurrection of Marx challenged none of this. Those who turn to Marx these days look upon him not as a prophet of capitalism’s demise but as a poet of its moral corruption.’
Personally, I prefer the vibrancy and dynamism of capitalism to Marxism, but not the neoliberal, unregulated, off-the-leash version of it favoured by Truss and many of her predecessors, including Blair and Thatcher, one that has had such a damaging effect on economic equality, social mobility and cohesion wherever it has been introduced.
The unopposed spread of this deleterious form of capitalism to so many parts of the world and the hegemony that it currently enjoys is what is causing people to think that there must be some kind of conspiracy going on in my view.
For me, the economy should serve the needs of society, not society the imperatives of the free market. Unfortunately, neoliberals take the latter view.
For anyone who has a wider interest in this I would recommend two publications; False Dawn: the Delusions of Global Capitalism by John Gray (the 2009 edition with a new foreword and postscript) and 23 Things They Don’t Tell You About Capitalism by Ha Joon Chang.
Both are very readable, proper page-turners, and assume no prior familiarity with economics.