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Awo’s thought

The socialist approach

CONTINUED FROM LAST WEEK Socialism is also to be distinguished from and contrasted with communism, and the Marxist concept of socialism. Communism is a state of social perfection in which the principle ‘from each according to his ability…

The capitalist system

CONTINUED FROM LAST WEEK This in our opinion is the statement of the concrete manifestation of the true dialectic. As it was with slavery, feudalism, and other evil customs and systems in history, so it will be with any extant and…

The capitalist system

CONTINUED FROM LAST WEEK Hegel regards each stage reached by the Idea in its dialectic procession to absolute self-realisation as a THESIS. But since such a stage falls short of the absolute, that is of perfection, the dialectic, of its…

The capitalist system

CONTINUED FROM LAST WEEK About 24 centuries later, Hegel introduced what he called ‘The Loftier Dialectic.’ According to him, dialectic is not an activity of the mind applied to some external matter in issue with a view to exposing its…

The capitalist system

CONTINUED FROM LAST WEEK Angell termed, some 30 years back, the ‘economics of cannibalism’. When you want to eat me and I also want to eat you, it is difficult, indeed impossible, whatever may be our verbal declarations to the contrary,…

The capitalist system

CONTINUED FROM LAST WEEK Regulation of International Trade and Payments: Just as the need for some form of domestic control and direction of economic forces has dawned on most, if not all, of the countries of the world, so has the…

The capitalist system

These are effected by means of the manipulation of interest rates, the credit squeeze, open market operations, the issuing of administrative guidance and guideline to banking and other monetary institutions, imposition and remission of tax,…

The capitalist system

CONTINUED FROM LAST WEEK Rent and Price Controls: Again, in order to relieve the burden of the working class, and to prevent the making by capitalists of excessive, unearned, and unjust gains in the face of scarcity, some governments…

The capitalist system

CONTINUED FROM LAST WEEK With the new combines among the power and rich capitalist nationS of the world on the one hand and among the weak and poor countries: ones on the other, the stage is undoubtedly being set now for large-scale and…

The capitalist system

The essential characteristic of the capitalist system is economic freedom, or freedom of industry and enterprise; and it has four postulates which we will call the postulates of capitalism. They are the postulates of: (l) private property,…

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