SOCIALISM AND INTERNATIONAL EOCNOMIC ORDER
Elisabeth L. Tamedly
The Caxton Printers, Ltd.
1969
This is an abstract by Joan Veon of another important book on Socialism and
its affect on society.
The creation of an efficient institutional framework for regulating international economic relations is one of the fundamental concerns of economists. Theorists and practitioners recognize that international trade has been one of the major sources of economic well-being; they know that no state can renounce such a wealth-generating activity.
Yet the increase of obstacles to the interchange of goods and services between nations since 1914 has led to what is generally termed economic disintegration.
This study is an inquiry into these fundamental determinants of international
economic co-operation.
Two determinants are:
1. Individuals residing in different areas of the world who deal with each other
on the basis of private interests.
2. The second aspect of the problem is inherent in the existence of sovereign
national states. For centuries, men have attempted to devise a system of international
law that could subject states, as private law subjects individuals, to the rule
of commonly accepted codes and to the judgments of an international arbitration
agency in cases of disputes between national governments.
All these systems have been frustrated by the fact that the creation of an international
coercive force which would automatically enter into action when any state refused
to comply with the provisions of international law has been regarded as an inadmissible
interference with sovereignty.
It is not difficult to see that individual human relationships are characterized by a tendency toward UNIVERSALISM, as distinct from the real of political domination which presupposes a clearly defined national territory. The economic laws work independently of any single human will. They result, via the price mechanism, in the coordination of millions of individual decisions.
The principle of COORDINATION IS HERE REPLACED BY THAT OF SUBORDINATION. It becomes important ot know which fields of human activity are subject to imperium (sovereign national power) and which are left to the regulation influence of market values and private law.
DEFINITION OF SOCIALISM:
P. X Socialism indicates a social order in which all economic activities
are consciously determined (planned) by a restricted group that represents society.
This group is conceived of as an elite, due to its members alleged superior
character, knowledge and intelligence and is regard to be best qualified to
determine societys real needs and to use societys productive apparatus
to best satisfy those needs.
The socialist concept of the future international economic order is that of a world united under a single government and centrally planned by experts for the benefit of all peoples.
INTRODUCTION
Socialists have concluded that something is fundamentally wrong with the society
in which they live and consequently, they feel compelled to change it.
This will to reform is directed toward a thorough transformation of existing social and political institutions. Concurrently, it postulates a basic change in human character in freeing men from their narrow, egoistic outlooks. Human beings must be taught to place more value on the well-being of the COMMUNITY than on personal comfort.
A third element is added by the socialists contention that history moves in the (evolutionary) direction of more perfect social conditions which is aided and accomplished by a restricted group of individuals (aristoi) who possess the indispensable insight to what is just and right.
Different types of socialists:
1. First group devote attention to construction of an abstract, ideal commonwealth
and place special emphasis on the internal set up of that commonwealth.
2. Second group ignore the existence of national states and conceive the future
world as consisting of small, socialistically organized communities whose relations
are governed by brotherly love and mutual existence.
3. Third group start with the assumption that the greatest evil is to be seen
not in the existence of distinct political units, but in the division of man
into two classes: the exploiting and the exploited. Abolish exploitation and
the system on which it rests and you will create perfect harmony. This is the
Marxist approach.
SOCIALISM IS USUALLY REGARDED AS A PROFOUNDLY INTERNATIONALIST MOVEMENT because it emphasizes human equality, solidarity and brotherhood.
Marxs theoretical structure is comprised of: commodities, abstract labor,
and surplus value.
1. Surplus value is derived from the capitalists power to comple the suppliers
of labor to work more hours and are socially necessary to produce
their means of subsistence. Accumulation is the expansion of surplus value which
he regards as the driving motor of the capitalist mode of production. . The
capitalist wants to expand the value under his control or to accumulate
capital. Accumulation means the production of more capital goods. More productive
equipment sets labor free, more labor than can be employed in the manufacture
of new machinerythis is called by Marx, Reserve Army. The
process of capital accumulation and the Reserve Army are subject to cyclical
fluctuations.
Properly understood underconsumption and over-investment are opposite sides of the same coin and re due to the fact that in capitalistic society the means of production cannot become effective unless they have been turned beforehand into capital, ile. The menas of exploitation of human labor.