Sunday, May 7, 2017

Arrogant capitalism is the culprit


Today I came across an article about the relevance of the 1917 revolution. Very interesting. A century later we indeed need to take a close look.
Why does the Russian revolution matter? China MiƩville

For me the relevance is visible in everyday life.
We need to look at the 1917 Revolution in the perspective of the times it took place in.
The world was ruled by kings, emperors, and regimes that took root in the French revolution and the industrial revolution.
It was a world where a few ruled viciously the masses. From serfdom people moved to avid capitalism where workers had no rights, were cruelly overworked, and paid less than subsistence wages. Hopelessness and a wall of monopolies and cartels surrounded them, wealth was a far dream.
The novel the ''Grapes of Wrath''  by John Steinbeck and published in 1939 is a perfect depiction.

The Russian Revolution was the precursor to the Stalinist Soviet Union, but it was also the event that brought to light the ideals of social justice that started to blow over the dry land of workers around the world.
Capitalism, to survive had to adapt within the processes of democracy and present a more human face. Thus, the birth of anti monopoly laws, workers unions, social democrat parties, peace movements, and so many progressive concepts and movements to the left in the West that lead to improving the lives of the workers and minorities.

With the demise of the Soviet Union, capitalism won and became arrogant once more. Wages did not improve in real value, while astronomical bonuses were granted to CEO of banks and multinationals.
Today wealth is distributed as such: 1% own half the world wealth, the remaining half is distributed over 99% of the world population.
According to The New York Times, the "richest 1 percent in the United States now own more wealth than the bottom 90 percent". And at the bottom it is even more skewed , the bottom 80% of Americans have just 7% of the nation's wealth.

What is really worrying is that the trend has been going on gradually steadily for the last 30 years.

The rise of social nationalism in Europe, the Trump phenomena, Brexit, the demise of main parties in France, the rise of fundamentalism, and, and, may just be consequence of the anger of many to feel left behind with no hope for improvement.

This is why the Russian Revolution and the failure of Stalinist Russia is still relevant today.

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