BLUEPRINT FOR EXTINCTION
The articles in this pamphlet originally appeared in New Solidarity and the Campaigner. This edition published July 1972.
Under "normal" conditions of capitalist development political democracy and liberalism are the norms of politics and social thought. Liberal ideology insists (among other things) that the answer to social ills lies in continued economic expansion. Today this notion finds itself under vigorous attack.
Indeed at first glance it does appear, superficially, that "economic growth" has produced the hydra of slums, pollution, crowding, resource depletion — in short, the much publicized and all too real "ecology crisis." A closer look reveals that actual economic stagnation rather than purported growth produced the present grim prospects.
Although GNP and capitalist profits have continued to accumulate almost unabated, the U.S. industrial production index indicates that industrial output has stagnated for the last four years at the 1968 lever. The capital goods production index, an even more sensitive indicator of real economic growth, is still below the 1967 leveL (The qualification must be made here that these figures are merely a conservative reflection of the real depths of stagnation since they include wasteful production such as the military sector; furthermore no consideration is given here to actual production requirements created merely through depreciation with respect to advanced technology.) Meanwhile cancerous, speculative expansion of all forms of credit. (the "growth") coincident with this stagnation of real productive output has created the conditions for a classic general breakdown crisis or depression.