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Theory
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Pamphlet: What We Stand For
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It is easy to write off Boris Johnson as a buffoon. There is
a real danger he will be running London, a city of 7½ million people in a
couple of months time. Make sure Johnson is not made London’s Mayor in the May
1st elections. As Compass points out, “his buffoonery conceals a
hard line right wing set of views – a type of Norman Tebbitt in clown’s
uniform. The quotes below are taken from their pamphlet Boris Johnson – a man of the Tory hard right.
May 1st, May Day, will see one of the tightest and most important
elections to hit London for some years. The election of London Mayor is
being hotly contested between Ken Livingstone for Labour and Boris
Johnson for the Tories.
125 years ago, on March 14th 1883, Karl Marx died. Marx was a
revolutionary above all else. His most celebrated scientific discovery
explains how the working class is exploited under capitalism. Where does profit come from? This is the
central mystery of economics, a mystery that was solved by Marx in his
most famous work, Capital.
The nineteenth century was an era of price
stability. It was also the age of the gold standard. Inflation can have many
triggers, but it always involves an increase in money emissions at some point
in order to give expression to higher prices. It is difficult to increase the
money supply quickly if you have to mine precious metals, so runaway inflation
just didn’t happen back then. The government can’t really control inflation.
Now it’s back!
Socialist Appeal 161 is out now!
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