Volume 45 No. 2 Organ of the SOCIALIST UNITY CENTRE OF INDIA (COMMUNIST) September 1, 2011 Founder Editor-in-Chief : COMRADE SHIBDAS GHOSH Price : Rs. 5.00 Red Salute Comrade Mao Zedong ! “…it is the task of the party of the proletariat in the capitalist countries to educate the workers and build up strength through a long period of legal struggles and thus prepare for the final overthrow of capitalism. In these countries, the question is one of long legal struggle of utilizing parliament as a platform, of economic and political strikes, of organizing trade unions and educating the workers … insurrection and war should not be launched until the bourgeoisie become really helpless, ... and until the rural masses are giving willing help to the proletariat.” 26 September 1893 – 9 September 1976 (Problems of War and Strategy, SW. Vol. II, p. 219) Organized revolutionary movement based on Marxism-Leninism-Shibdas Ghosh Thought is the only way to emancipation Comrade Provash Ghosh at the Memorial Meeting on 5 August [This is the English translation of the speech delivered in Bengali by to come to power which, according But to us who are students of Comrade Provash Ghosh, General Secretary, SUCI (C), at Comrade to them has brought no gain but Marxism-Leninism-Shibdas Ghosh Shibdas Ghosh Memorial Meeting on 5 August last in Kolkata. The caused only harm to our Party. Thought, the cause of this crisis is responsibility of translation error as well as inadequate representation, if Besides these, the other questions crystal clear. Great Marx, way back any, solely lies with the Editorial Board of Proletarian Era.] that have been placed before us are in the mid-nineteenth century when With due reverence and movement as well as revolutionary what would be our attitude towards capitalism was in growth phase and solemnity, we have been struggle in the days to come and the TMC-led government in the fostering industrialization, had, in remembering today in various states ensuring that we play due role in state and what would be precise course of enunciation of the law of Comrade Shibdas Ghosh, one of the discharge of our revolutionary form of democratic movement etc. social transformation in the light of foremost Marxist thinkers of the obligation. Requests have come to Each and every question is dialectical materialistic approach era, the guide to Indian struggle for me for covering certain topics in important and I shall try my level based on science as the tool for emancipation and worthy today’s speech. Many have wanted best to answer each of them. ferreting out the truth, shown that continuator of great Marx-Engels- to know our views on present state the very aim of production in Lenin-Stalin-Mao Zedong. While of world economy, country’s Crisis of world capitalist capitalism is to maximize profit by conveying our heart-felt respect to economy and present political economy will intensify denying the workers the due wage his great revolutionary life, we, on situation, crisis of culture, steep rise The economic crisis prevailing for their labour. This inevitably this day, call to mind some of his in corruption in the country, the in our country is inseparably linked would lead to progressive shrinkage invaluable teachings enshrined in reason for CPI (M)'s debacle in the with the world economic crisis of the market and thus impede the vast treasurehouse of his elections and so forth. CPI (M) has particularly the crisis US and the industrial progress and growth in revolutionary knowledge and based also unleashed a campaign against entire Europe are mired in. production. So the crisis is endemic on that try to analyze the present us round the country that despite Bourgeois economists and of the very capitalist system itself. socio-political situation with a view being a leftist party, why did we politicians are whirling round and After Marx’s death, great Lenin to illumining the path of democratic allow Trinamool Congress (TMC) round to find a way out of the crisis. Contd. on page 2 PAGE TWO SEPTEMBER 1, 2011 PROLETARIAN ERA World capitalist economy is mired in an hourly crisis Contd. from page 1 it were another industrial revolution. of wrangling between the crossed 1 million. Millions and had shown that following its But it did not take much time for the Democratic and Republican parties, millions of workers have been inexorable course, capitalism on high-tech dotcom bubble to burst. the limit has been raised by US$ 2.1 retrenched. Our country teems with attaining the stage of monopoly has Thereafter where did capital of US trillion. But this too would prove crores of unemployed and under- given birth to finance capital by and other capitalist countries which inadequate. So there would be employed. There is no sign of merging industrial capital with could not be invested in industrial necessity for increasing the limit abating of spiralling priceline and banking capital and acquired sector, make inroad into? The further. Look at Europe. Greece has inflation. Everyday, there is massive imperialist character. Faced with capitalists picked up Housing and already been declared bankrupt. exodus of landless and jobless rural market crisis in their own countries, Realty as two new fields for Portugal, Ireland, Spain, Italy and poor to the cities. They are all the imperialist powers are seizing deploying capital what we have even UK are all crumbling. migrant labour unaware of where to the underdeveloped countries and been seeing in our country also. To Sovereign Debt means the state go, where to get a job. It came in the turning them into their colonies for give a boost to this real estate itself is running on loans, is neck- newspaper a few days back that exploiting cheap labour and raw sector, they decided to offer house deep in debt. Earlier, market both father and mother have gone material of the latter. And centring building loans on a large scale. stimulation through generation of a away in search of work and there is round this plunder of raw material However, the prime loans for credit-driven demand and huge loss no one to look after the children and cheap labour of other countries, housing or in other words, in speculation led to the downfall of who are thus turned into orphans. severe antagonism is developing disbursement of loans after the financial institutions. And now This is the spectacle of rural India. among the imperialist powers as a complying with due formalities raising loan to run the state has Unable to repay agricultural loan, sequel to which large scale wars are including assessment of credit- reached such an extent that the several lakhs of peasants have breaking out. He showed that worthiness of the loan taker did not country itself is getting broke. Why already committed suicide. Lakhs of imperialism generates war. Later, suffice. So, the banks and financial the debt burden is mounting so people are dying of starvation and great Stalin, worthy compatriot of institutions opened floodgate of high? First reason is excessive tilt due to lack of minimal healthcare. Lenin, had further showed that housing loans without bothering for towards militarization of economy Now there is the roaring trade with capitalism has been so crisis-ridden necessary regulatory compliances. which only increases expenditure female body. Woman trafficking has after Second World War in view of Even loans were given to the but gives no return. Secondly, the become a big business. Kolkata is a ever-squeezing consumer goods persons who did not have the big corporates and multinationals key hub of all such putrid market, is compelled to prop up capacity to pay interest, let alone had already lowered their tax commerce. Is it for all these that another industry i.e. military repayment of the principal. Thus liability through the respective people of this land had fought for industry. This is militarization of rules and norms were merrily bourgeois governments. And the independence and hundreds of economy — said Comrade Stalin. relaxed or even overridden for third reason is that during latest martyrs had sacrificed their lives? For that, it is necessary for the stimulating Housing business. This mega-recession, these corporates Whose development is taking imperialists-capitalists to constantly was sub-prime loan. Even there was and MNCs were sanctioned huge place? It is the monopolists and engineer local or larger wars, create rampant speculation with the sub- grants from the public exchequer corporate sectors which are a war-psychosis. Another prime loan instruments. All banks, and large scale tax waivers which flourishing. Every moment, they are development pointed out by Stalin insurance companies and financial were christened as ‘economic building empire of wealth by was that after Second World War, institutions joined this newly- stimuli’. The very capitalists- sucking out blood of the poor. Five the relative stability of world fangled speculation. But soon those imperialists who created the crisis monopoly houses of this country are capitalist economy used to have who had themselves of sub-prime by rampant plundering of the now among the ten richest in the earlier ceased to be in vogue. loans became defaulters as a result market were given cash benefits by world. Surely the footpath dwellers After death of Stalin, Comrade of which value of the sub-prime the states and the governments from can take pride in it! 63 families of Shibdas Ghosh had shown that not loans came down crashing, public money. This, as we had said our country have wealth over 5,000 only the big imperialist powers, speculation incurred huge loss and earlier, is akin to keep a dying million rupees and this number is even the relatively less developed the banks and financial institutions patient alive through artificial increasing.