What is it? Corbynomics


What is it? Corbynomics – taking its name from the leader of the Labour Party - is the term being used to describe a range of proposed measures for dealing with Britain’s economic crisis and ending austerity. These include expanding state investment, promoting higher wages, regulating banks and other financial institutions and undertaking a programme of nationalisation. Its origins lie in the ‘alternative economic strategy’ put forward by the Labour left in the 1970s and 1980s.  It also harks back to the New Deal and the Keynesianism of post-second world war reconstruction. This programme is a far cry from socialism but even within its own progressive reformist terms currently stands no chance of being implemented by any British government because the conditions for class consensus – social democracy – no longer exist.

So why is this idea being dragged out of its coffin now at a time when capitalism is exposed as the rotten stagnating system it is?

  • There is a global crisis, with convulsions on the world’s stock exchanges, ‘emerging market’ debt reaching $24.4 trillion, and mergers and acquisitions at an all-time high of over $5 trillion in 2015.
  • The working class is under attack and is losing its housing, education, health and community infrastructure.
  • British imperialism - in the service of the arms trade and in defence of the multinational corporations and international profit - is waging war and devastation on millions of people all round the world.

Far from winning workers to opposition to British imperialism, the idea that a Corbynomic parliamentary programme can be successfully implemented ties them ideologically to the interests of British imperialism and promotes the idea that economic control can be gradually taken away from the capitalist class.  

The British ‘left’ correctly talks of greedy bankers, corrupt developers, mean landlords, racist immigration laws and illegal wars, but these are all just symptoms. The time has come to stand against the cause – the capitalist system. As Marx says in the Communist Manifesto, ‘Capital is not a personal, it is a social power’.

Don’t hollow out the anti-capitalist slogan
There can be no radical change without a challenge to the power of the capitalist state which operates to protect the rights of capital. This is well understood by those sections of the working class and oppressed people who are fighting for their rights. As soon as the struggle for social justice commences it meets the power of the state acting in defence of the capitalist class. Whether residents of the Heygate Estate or refugees from imperialist war zones, state power must be confronted and the working class must struggle for its own interests. The fight against war, racism and austerity must be a fight against capitalism.
A Corbynomics of the House of Commons, a Corbynomics that stands on a platform of reform and electioneering will achieve nothing, is nothing and will go nowhere.  

Organise, educate, agitate!
Build struggles from the grassroots.  Join in campaigns with the Revolutionary Communist Group – set up new campaigns - hold meetings – never be silent – don’t let the ruling class divide us – an injury to one is an injury to all.

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March against the Housing Bill, 30 Jan 2016

On 30 January 2016 London branches of the Revolutionary Communist Group joined the March Against the Housing Bill, which went from Kennington to Downing Street to protest the Housing and Planning Bill, the final straw that will break social housing’s back.

The controversial bill will lead to the loss of between 80,000 and 200,000 council houses, a disaster for the working class. With the extension of Right to Buy, the building of ‘starter’ and ‘affordable’ rather than social homes, and market rent being imposed for social tenants with household incomes of more than £30,000 (£40,000 in London), Britain is plunging further into an ever-deepening housing crisis.

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London 'Stop Bombing Syria' march - 12/12/15

On Saturday 12 December, a contingent of Revolutionary Communist Group supporters attended the Stop The War Coalition's 'Stop bombing Syria' national demonstration in London.
We came with the message 'Hands off Syria' and through the messages on our banners and our speeches and chants on the sound system, sought to emphasize the imperialist nature of this war and the central role played by British capitalism in promoting global conflicts.

Special attention was given to the fact that infrastructure is being bombed in the name of combating Islamic State (IS), and the historical parallels; Iraq, Afghanistan, Yugoslavia and Libya. British companies have been amongst those vying for lucrative contracts for reconstruction on every occasion.

The claim that the bombing campaign will somehow protect us from the threat posed by IS is itself a rather spurious one. The British state played a major role in facilitating the rise of IS in the first place, by the destruction and destabilisation of Iraq and then Syria, by Britain and its NATO allies.

As always we offered an open mic, allowing a variety of voices to be heard. Even those that disagree with our politics were allowed to speak, such is the democratic spirit with which we conduct our political work.

Get in touch to organise with us against imperialist war.

Hands off Syria!

The Focus E15 table is innocent – release it now!

Newham council and police shut down Focus E15 street stall

On Saturday 5 December, the Focus E15 campaign was holding its weekly street stall in Stratford when police and a council official confiscated the stall table, bundling it into a police van like a person being arrested. This is the reality of the ‘right to protest’ in 2015.

As usual the campaign had been drawing attention to the housing crisis in Newham, a Labour borough in east London, home of the 2012 Olympics and Paralympics and the second poorest borough in England. Newham has the severest housing need in London and 25% of homes are overcrowded. Thousands of people and families are in temporary accommodation and those that are offered housing are being sent out of borough and out of London. Labour Mayor Robin Wales, who in 1995 talked about ‘making Newham the new Islington’, is pushing ahead with gentrification. Newham is keeping over 400 council homes empty on the Carpenters Estate while luxury apartments are going up everywhere.

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