Restrict Governments from Borrowing from Private Moneylenders
- K.C. Adams -
The demand that the rich be restricted from
profiting from social programs is a big part of
the struggle the working people are waging from
coast to coast. An important aspect of this is to
restrict governments from borrowing from private
moneylenders. Another will be to demand that
taxation on individuals and their personal
property be eliminated. The conciliatory demand
that taxes be increased on individuals who make
more than a certain amount diverts attention from
the essence of the matter, which is that the
source of new value for governments to pay for
programs is the productive socialized economy
itself. Human enterprise accountable to the people
should be an important source of government funds,
along with proper realization by businesses of the
value they consume from social programs and public
infrastructure, plus government claims on a
portion of the new value workers produce while
working on the socialized forces of production.
The battle to
increase investments in social programs and to
stop paying the rich is constant as the working
class movement activates the strength of its
numbers and organization to move society forward
to socialized relations of production in
conformity with the modern socialized forces of
production. The organized battle to defend its
interests in the present at workplaces and
throughout society prepares the working class to
assume leadership of society based on a new
pro-social direction for the economic, political
and social affairs of the country in a
nation-building project of its own doing.
Two trends affect the economy and every social
movement: the working class progressive trend to
defend the rights of all and move society forward
to the New, and the imperialist regressive trend
of the rich to expropriate maximum private profit
from every cell of the economy and block any
movement towards the New. These two trends express
themselves constantly in economic, political and
social affairs. The imperialists use their vast
resources and control of the state to turn all
economic, political and social affairs to their
benefit and in the process recruit allies in the
working class and youth to do their bidding.
The regressive trend can be seen in the control
and use of working class savings and pension funds
to entrench imperialist right over the working
class and economy. A notorious example is the
Public Sector Pension Investment Board (PSP)
ownership and control of Revera Inc. The PSP is a
federal Crown corporation that controls and
invests the pension funds of workers in the
federal public service, the Canadian Armed Forces,
the RCMP and the Reserve Force. Revera Inc. owns
or operates scores of seniors' apartments,
assisted living and long-term care homes and other
properties across Canada along with similar
holdings in the United States and the UK. More
than 55,000 seniors live in a property owned
somewhere in the world by Revera, which also
jointly owns homes operated by Groupe Sélection in
Quebec and has a majority ownership stake in
Sunrise Senior Living.
Many of those
living and working in Revera properties have
suffered terribly during the pandemic with some
even passing away from the disease due to the
socially irresponsible actions of the company
driven by its aim for private profit. The PSP and
Revera operate their businesses according to the
imperialist aim of maximum profit from the
exploitation of the working class in opposition to
the aim of the working class to serve the people
and society and defend the rights of all. The aim
of maximum private profit has no place in any
aspect of health care, which the pandemic has
clearly exposed. The aim must be to serve the
people and society and for increased investments
in social programs to raise the level of the
programs to whatever working people deem necessary
and to block the rich from expropriating value.
Every social program fashioned under the
imperialists has a pay-the-rich component, which
the working class must continue to expose and
oppose by demanding increased funding for social
programs and to stop paying the rich. The
Communist Party of Canada (Marxist-Leninist) as
the party of the working class wages constant
theoretical and ideological struggle to ensure
imperialist theory and ideology do not entrench
themselves to weaken and mislead the workers'
movement in defence of workers' claims and the
rights of all and for the New.
This article was published in
Volume 50 Number 46 - November 28, 2020
Article Link:
Restrict Governments from Borrowing from Private Moneylenders - K.C. Adams
Website: www.cpcml.ca
Email: editor@cpcml.ca
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