Capitalist Crisis and Mass Misery

(Quote of the Week)

To highlight the brutal workings and irrationality inherent in the capitalist economic system, revolutionary leader Leon Trotsky pointed to the effects of the Great Depression in the U.S., then under Democratic president Franklin Roosevelt. Trotsky’s article, written in 1939, was initially published in excerpted form as an introduction to a selection of Karl Marx’s writings titled The Living Thoughts of Karl Marx.

In 1930 began an ominous growth of unemployment, and in 1933 a more or less systematic aid to the unemployed, who received in the form of relief hardly more than one-half of what they had lost in the form of wages. The illusion of the uninterrupted “progress” of all classes has vanished without a trace. The relative decline of the masses’ standard of living has been superseded by an absolute decline. Workers begin by economizing on skimpy entertainment, then on their clothes and finally on their food. Articles and products of average quality are superseded by shoddy ones, and the shoddy by the worst. Trade unions begin to look like the man who hangs on desperately while going down in a rapidly descending escalator.

With six per cent of the world’s population, the United States holds forty per cent of the world’s wealth. Still, one-third of the nation, as Roosevelt himself admitted, is undernourished, inadequately clothed, and lives under subhuman conditions. What is there to say, then, for the far less privileged countries? The history of the capitalist world since the last war has irrefutably borne out the so-called “theory of increasing misery.” The increase in the social polarity of society is today acknowledged not only by every competent statistician, but even by statesmen who remember the rudimentary rules of arithmetic….

Therefore, to save society, it is not necessary either to check the development of technique, to shut down factories, to award premiums to farmers for sabotaging agriculture, to turn a third of the workers into paupers, or to call upon maniacs to be dictators. Not one of these measures, which are a shocking mockery of the interests of society, are necessary. What is indispensable and urgent is to separate the means of production from their present parasitic owners and to organize society in accordance with a rational plan. Then it would at once be possible really to cure society of its ills. All those able to work would find a job. The work-day would gradually decrease. The wants of all members of society would secure increasing satisfaction. The words “property,” “crisis,” “exploitation,” would drop out of circulation. Mankind would at last cross the threshold into true humanity.

—Leon Trotsky, Marxism in the United States,
Workers Party Publications (1947)