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to The Australian Quarterly.
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gives meaning to life; and that a But this is not the answer to the
world society enshrining this right question, 'what is needed to remove
can best be achieved, or approached, the evils of capitalism?' Can they
by collective, social, and not just in be removed by controlling only the
dividualist methods. Socialism con market and inheritance? Or is it
sists of an aim, and, perhaps, more necessary to go further into private
important a method. The significance economic power, into the structure
of socialism is that it
emphasises of productive assets ? It is difficult to
method?the good attitude and the understand how, at this stage, a
good life could not be achieved by socialist can answer 'no* to this ques
individual intellectual acts, but re tion.
quires social and economic change. Mr. Jay, rightly saying that demo
The aim of socialism is equality. cratic socialism has derived little
This is something more than free of its nature
essentially left-wing
dom. For equality, differences of in from Marx, on to show where
goes
come and wealth must be the result Marx went He believes that
wrong.
alone of social function and be at a Marx's view that public ownership
minimum necessary to have produc is essential is derived from some
tive abilities reasonably fully used. economies'. Marx's labour
'faulty
There must be complete equality in of value and iron law of
theory
human and political rights and fair are for the same rea
wages faulty
shares (or as we would say in Aus son that most economics are faulty:
tralia a 'fair go', or 'fair and reason are a high
at level of abstrac
they
able'), and there must be social tion and
continue to mislead people
justice. who apply them to real life without
Equality will never result from realising their high abstract level.
the unregulated capitalist market, But Marx's belief that public owner
and Mr. Jay shows there is greater ship is essential is derived, I think,
inequality today than in the days of from his theory of the State not as
the Carnegies and Rockefellers. It is Mr. Jay asserts from his 'faulty
at this point that the essentially Jay economies'. Marx believed that the
ownership of productive assets, but it throwing the State and removing the
106
ists, but Mr, Jay does not really In the case of internal Mr.
affairs,
pursue it. believes full with
Jay employment
What is to be done to remove the growth but without inflation prob
inequality and injustice of capital ably cannot be achieved without pub
ism? Can it be done while capitalists lic control of
the market, and cer
retain ownership of productive tainly, employment in the right
assets ? places cannot be. 'Public control*
consists mainly of a government
We can be certain thatsomething
National Finance Corporation to ac
pretty strong and penetrating has
quire equity shares in growth com
to be done. Mr. Jay is convinced that
panies, by purchase and in lieu of
the old left and the new left are mis
taxation. This gives both control and
guided and go too far. But has, for
income for the government and a
instance, Ralph Milliband's Parlia
share in capital gains which would
mentary Socialism, 1961, proved that
allow government expenditure to be
the British Labour party has never
met without having, so much, to in
gone far enough?
crease taxation.
What is to be done? Mr. Jay puts
On the question of inequality (or
first the need to prevent war. He
social justice) Mr. Jay argues that
says all socialists must be on the
redistribution of income has taken
side of the coloured people and in
place in the welfare only state but
favour of national independence
through public finance and mainly
movements. But how can we prevent
when undistributed profits, capital
war? I do not think his answer is a
gains and inheritance have been
socialist one. Mr. Jay really takes
attended to.
a total (or
revolutionary) attitude
to in contrast Labor's policy should include some
the prevention of war,
with his in control measures the equity like share
gradualist attitude
internal affairs. He accepts the buying plan, and then, national super
total annuation without a means
simplified view that the test;
nuclear bomb is war and good homes for poor people in
deterring
wants total disarmament with effec planned, pleasant surroundings; good,
tive controls as the free hospitals; and,
family allow
only acceptable
the ances. The programme would be
alternative. Whilst he discusses
a paid for by higher taxes on un
stages of
disarmament, there is
to want total disarmament earned income, most important of
tendency
or nothing: a tendency char which are company profits and in
which
acterises both capitalist and commun heritance, and upon capital gains.
ist attitudes. It is more to be ex Eventually the National Investment
107
Problems of Freedom: South Viet self shifting back and forth, from a
nam Since Edited tendency to search through a mass
Independence.
R. Bureau of of frequently contradictory data for
by Wesley Fishel;
Social and Political Research, a 'simple solution', to a proclivity to
103