The foundation of all social and economic relations, culture, and sense of identity has entered the process of change – destruction and rebirth. During such an epochal moment, no theory or ideology can serve as a revolutionary guide. Only a philosophy arising from science and illuminating change can serve to guide us. That first stage of change, the introduction of antagonism and polarization, has penetrated every aspect of life. We in the League have kept up with and maintained our orientation. Why? Because we early on understood that the leap from electro-mechanical production to robotics would necessarily bring about a leap from one social order to another.
The financial crisis brought on by the expanding use of electronics in production is continuing to tighten its grip both internationally and nationally. The cyclical crisis of under-consumption is developing. Automated production drives labor-produced commodities off the market. In this process, wages are dragged down to the cost of automated production. All production by labor, including the production of the workers themselves, is becoming superfluous. Unprecedented production and unprecedented want describe our time. The electronic revolution in production, combined with the cyclical crisis brings about an unprecedented crash of the capitalist system.
As electronics replaces labor, money – instead of production – is used to make money. The greater the use of electronics, the more valueless money becomes. As money ceases to express exchange value, it more and more becomes an instrument for speculation, rather than investment in production. Less and less of this money is used for wages. The result is an unprecedented polarization of wealth and poverty. Hundred-million dollar mansions and trillions of dollars in national debt express the destruction of money as an expression of value.
How is production and exchange to continue under such conditions? The capitalist class has proven itself incapable of ruling. The death knell of capitalism has sounded. Today, the objective conditions exist for the historic vision of the reconstruction of society in the interests of humanity to finally be won.
From the right and from the left, the people are disgusted with and distrustful of the government. All the elements of a social upheaval are moving into place.
The people are responding to, but do not yet fully understand, the root of the problems they face, or as it engulfs them, the reality of what fascism is in America.
Revolutionaries cannot understand this moment and simply go on as before.
We are witnessing the exponential advance of the electronic revolution, and its impact upon the economy. We see an acceleration of the efforts by the ruling class to grapple with and to maintain their hold on private property as polarization and crisis in the world deepen. Within ruling circles both nationally and internationally a struggle is under way, grappling with changes in the world economy and geopolitics. The world order that has been in place since the fall of the Soviet Union, a unipolar, hegemonic order dominated by the U.S., is being challenged by the rising of a new multipolar world order, particularly the Russian Federation and China, as they rise to contend with U.S. hegemony. The overriding quality of the process is deepening polarization and instability.
The advancing rate of automated production, the ongoing destruction of value, and along with it the decline of value of the worker and the polarization of wealth and poverty, all lead as an inevitable consequence to the rise of and domination of speculative capital. The hegemony of speculative capital today is a worldwide phenomenon. It is an integral dimension of globalization in the epoch of electronics. Laborless production means valueless production. Speculative capital does not create value, but makes money largely from amassing vast sums based in debt.
With the creation of a world market, national corporations become multinational, multinationals be- come transnational, and transnational corporations become supranational. Supranational corporations have blended into and become part of national States. To protect its private property interests, a rising global ruling class is creating a fascist world order and is conceptualizing a fascist world-view.
War is a political inevitability under capitalism. War becomes so entangled as an instrument of policy that if the policy is going to be put forward, war becomes the inevitable means of developing and implementing that policy.
Around the globe, deepening economic and political polarization define the times, as the global market continues to shrink and the economic center of gravity shifts from the West to the East. New polarities are developing between the U.S. and its allies, who are forced to protect their national economies. Regional blocs outside of the U.S. sphere of influence are consolidating to protect their markets, as more countries discuss alternatives to using U.S. petrodollars as the exchange currency for oil trading. As the U.S. loses its economic dominance in the world, it is increasing its war footing with more than 800 military bases around the globe. In addition to its encirclement of the Russian Federation and China, U.S. military policy is designed to create regional instability and conflicts around the world, as a counter to the growing economic influence of it adversaries. These conditions are leading to not only full-scale world war, but to the possible annihilation of humanity through nuclear war.
Peace is a life and death question for the masses of the world’s working classes, including the rising movement here at home. It is now a matter of survival for humanity itself. To impose peace on the war- makers is a profoundly revolutionary act. It means creating a society where exploitation, competition and inequality can be done away with. And by doing so, ending war forever.