Throughout human history, private debt has been used by the dominant classes to subjugate, despoil, expropriate, and dispossess the toiling classes (among whom women have always been the hardest-hit victims): small farmers, artisans, fishers, and on up to the salaried workers of today and the members of their households (students, who go into debt to pursue their education). [1] The process is simple: the lender requires that borrowers pledge their possessions as collateral. This can be, for example, the land held and cultivated by the farmer, or in the case of an artisan, the tools of his or her trade. Repayment of the loan must be made in cash or in kind. Since the interest rates are high, to repay the loan the borrower must transfer a large share of the fruits of his or her labour to the lender, and so becomes impoverished. If the borrower defaults on repayment, the borrower is dispossessed of the pledged collateral. In some societies, that can mean a loss of freedom for the debtor and/or the members of his or her family. This is called debt slavery. Under the laws of the United States and certain European countries, failure to repay a debt was punishable by physical mutilation until the early 19th century. And still today, in Europe and elsewhere, non-repayment of debts may be punishable by imprisonment.
Breaking the Vicious Cycle of Illegitimate Private Debt
8 September 2017, byThroughout human history, private debt has been used by the dominant classes to subjugate, despoil, expropriate, and dispossess the toiling classes (among whom women have always been the hardest-hit victims): small farmers, artisans, fishers, and on up to the salaried workers of today and the members of their households (students, who go into debt to pursue their education)
From the concept of the people to the materialization of a leader?
17 August 2017, byThe post-Marxist philosophy of Ernesto Laclau (1935-2014) and Chantal Mouffe seems to inspire some leaders and activists of Podemos (Spanish state) and La France Insoumise. In order to better understand the ins and outs of this new philosophy, we reproduce here a critique written in 2014 by an Argentine Marxist, Edgardo Logiudice, a member of the editorial board of the journal Herramienta. This article originally appeared in Herramienta n° 56 (autumn 2015).
How is Leninism relevant today?
16 July 2017, byPaul Le Blanc is the author of numerous books, including Lenin and the Revolutionary Party and, most recently, Left Americana: The Radical Heart of U.S. History. In this speech presented in London in February at a conference about the Russian Revolution sponsored by the UK organization Counterfire, he considers the relevance of Lenin and the experience of Russia’s Bolsheviks for revolutionary socialists today.
The Women of 1917
13 July 2017, byWomen weren’t just the Russian Revolution’s spark, but the motor that drove it forward.
Building Socialism in Cuba
10 July 2017, byIn July 2016, thanks to a 20 percent reduction in oil shipments from Venezuela, Cuba’s economy minister Marino Murillo announced a 6 percent cut in electricity and a 28 percent cut in fuel. Meanwhile, he ordered an immediate drop in public sector energy use, with consequent working-hour reductions for state employees, and warned of possible blackouts, raising the specter of the dark and hungry days of the Special Period of the nineties.
Socialism as a wager, from Lucien Goldmann to Daniel Bensaïd
15 May 2017, byLucien Goldmann (1913-1970) is one of the most important representatives of the humanistic and historicist current of Marxism in the twentieth century. His works of philosophy and sociology of culture – including “The Hidden God” (1955), an innovative study of the tragic world vision in Pascal and Racine – are strongly marked by the influence of the Lukacs of “History and Class Consciousness” and are radically opposed to positivist or structuralist readings of Marxism. A Romanian Jew who had lived in France since the 1930s, Goldmann identified with a self-managed socialism, critical of both social-democracy and Stalinism. Whereas in the United States and in Latin America his thought and work continue to generate a very keen interest, a strange forgetfulness seems to have affected him in France. [2] It is true that this is a sociology in total rupture with the dominant tradition of French social science, stretching from Auguste Comte to Claude Lévi-Strauss and Louis Althusser, via Emile Durkheim. But, on the other hand, through his reinterpretation of Pascal, he is nonetheless the heir of a dissenting current of French modern culture.
Three years after super typhoon Yolanda’s passing, social reconstruction of damaged communities
10 May 2017, byYolanda (Haiyan by its international name), the strongest typhoon touching land ever registered, devastated the center of the Philippine archipelago in November 2013 [3]. In July 2016, two years and eight months after, when I landed on Tacloban airport, life had returned to normal. The churches, all new, were dominating — they were rebuilt in priority, before the hospitals, even if it were possible to receive communion under a canopy, while an operating room could prove very useful to a surgeon. Carcasses of buildings that have not yet been rebuilt still stand and there is what one does not see: these “internal refugees”, these “displaced persons”, still without homes, pushed away in the peripheral areas or recently driven to the mountainside.
Syria and the Left
8 May 2017, byBehind the humanitarian disaster of the Syrian civil war is a political crisis the Left urgently needs to understand.
Being Brave Because It Is Right
17 April 2017, byApril 13 marked the seventy-fifth anniversary of the death of Dutch socialist revolutionary Henk Sneevliet, whom the Nazis murdered alongside seven of his comrades. Sneevliet had served as leader of the Marx-Lenin-Luxemburg Front, an underground organization founded immediately after the German invasion in May 1940. By then, Sneevliet was already a prominent socialist; before the war, he traveled all over the world, supporting small communist parties and building solidarity.
Footnotes
[1] The author wishes to make it clear that he is not denouncing private debt in all circumstances. The present article concentrates on private debt used as means of expropriation and dispossession.
[2] The only biography published of Goldmann, Mitchell Cohen, The Wager of Lucien Goldmann, Princeton University Press, 1994 has not been translated into French.
[3] The strong winds being estimated at 230km/hr over 10 minutes and up to 315 km/hr over 1 minute