Talk by Adam Buick for the Socialist Party on 27 September 2015 in London. The Economic Calculation Argument is a classic argument against the possibility of socialism put by defenders of free-market, private-enterprise capitalism. It was set out in a particularly clear and concise form in an article in 1920 “Economic Calculation in the Socialist Commonwealth” by Ludwig Von Mises, an Austrian member of, appropriately enough, the Austrian School of Economics and translated into English in 1935.
With workfare in the news at the time, this issue focused on the CWU union's enthusiastic support for its use in Royal Mail, alongside articles on the economy, Scottish Independence and the potential consequences of the collapse of the BNP.
For the centre spread, Tom L offered a a slightly different tack on the union question, looking at it from the ruling class point of view, while in history Jack Ray and Iain McKay looked at the 1934 Asturian miners' strike and the Pentonville Five campaign respectively.
Post-election reflections: how the Tories wrecked the economy and why Labour couldn’t take advantage
Now the election is over, it seems time to take stock of the last 5 years. A lot has been written about the horrific social reforms of the Tory-Lib Dem coalition government, on tuition fees, workfare, sanctions, privatisations and cuts - but the mainstream analysis, and public opinion, seems to be that for all that the Tories were at least competent from a macroeconomic perspective. This couldn't be further from the truth.