EURO-CAPITALISM OR WORLD-SOCIALISM?

You may not have heard of The Socialist Party before so what is it? We are a political party, separate from all others, Left, Right or Centre. We stand for the sole aim of establishing a world social system based upon human need instead of private or state profit. Our  Object and Declaration of Principles was adopted at its formation in 1904. In other countries, there are companion parties sharing the same object and principles and they too remain independent of all other political parties.

SO WHAT DO WE MEAN "EURO-CAPITALISM OR WORLD-SOCIALISM?"

Capitalism is the social system which now exists in all countries of the world. Under this system the means of production and distribution (land, factories, offices, newspapers, etc) are owned by a minority, the capitalist class. All wealth is produced by us the 'majority working class, who sell our physical and mental energies to the capitalists m return for a price called a wage or salary. The object of production is primarily to produce profits for the capitalists (less than 5% of the population) by selling on the market goods and services created by us the workers. Not only do the capitalists live off the profits they obtain from exploiting the working class, but as a class, they go on accumulating wealth extracted from each generation of workers.

Food mountains and wine lakes exist throughout the European Union. Farmers are paid subsidies not to grow food and yet, at the same time, people throughout the world starve or go hungry.

The formation of the EEC in 1957 and the removal of barriers to trade are examples of capitalist production relating to new economic circumstances. This is what we mean by referring to the EU as 'euro-capitalism'.

The other parties such as the Labour Party or the Green Party are in effect telling you that capitalism can be reformed in our interests. This is untrue for, as long as capitalism exists, profits will come before needs. Some reforms are welcomed by some workers but no reform can abolish the fundamental contradiction between profit and need which is built into the present system. No matter whether promises to make capitalism run in the interests of the workers are made sincerely or by opportunist politicians they are bound to fail, for such a promise is like offering to run the slaughter house in the interests of the cattle!

SO WHAT IS THIS ALTERNATIVE OF SOCIALISM WHICH WE WISH TO ESTABLISH?

Socialism does not yet exist. When it is established it must be on a worldwide basis, as an alternative to the outdated system of world capitalism. In a socialist society, there will be common ownership and democratic control of the Earth by its inhabitants. No minority class will be in a position to dictate to the majority that production must be geared to profit. There will be no owners in this classless society: everything will belong to everyone. Production will be solely for use, not for sale. The only questions society will need to ask about wealth production will be: what do people require, and can the needs be met? These questions will be answered on the basis of the resources available to meet such needs. Then, unlike now, modern technology and communications will be able to be used to their fullest extent. The basic socialist principle will be that people give according to their abilities and take according to their self- defined needs. Work will be on the basis of voluntary cooperation: the coercion of wage and salary work will be abolished. There will be no buying and selling and money will not be necessary, in a society of common ownership and free access. For the first time ever the people of the world will have common possession of the planet Earth.

HOW WILL SOCIALISM SOLVE THE PROBLEMS OF SOCIETY?

Capitalism with its constant drive to serve profit before need throws up an endless stream of problems. Most workers in Britain feel insecure about their future; almost one in four families with children live below the poverty line; many old people live in dangerously cold conditions each winter and thousands die; millions of our fellow men and women are dying of starvation ― tens of thousands of them each day. A society based on production for use will end those problems because the priority of socialist society will be the fullest possible satisfaction of needs. At the moment, houses stand empty and thousands of building workers are unemployed; yet many people are homeless or inhabiting slums. At the moment, food is destroyed and farmers are subsidised not to produce more; yet many millions are malnourished. At the moment, hospital queues are growing longer and people are dying of curable illnesses, yet it is not "economically viable" to provide decent health treatment for all. In a socialist society nothing short of the best will be good enough for any human being.

The EU referendum gives us a useful platform to put our ideas across on the world stage.