Red Plenty

[Catherina]

I came across this quote today so now the book intrigues me. Has anyone read it? Can you give personal recommendations?

But Marx had drawn a nightmare picture of what happened to human life under capitalism, when everything was produced only in order to be exchanged; when true qualities and uses dropped away, and the human power of making and doing itself became only an object to be traded. Then the makers and the things made turned alike into commodities, and the motion of society turned into a kind of zombie dance, a grim cavorting whirl in which objects and people blurred together till the objects were half alive and the people were half dead. Stock-market prices acted back upon the world as if they were independent powers, requiring factories to be opened or closed, real human beings to work or rest, hurry or dawdle; and they, having given the transfusion that made the stock prices come alive, felt their flesh go cold and impersonal on them, mere mechanisms for chunking out the man-hours. Living money and dying humans, metal as tender as skin and skin as hard as metal, taking hands, and dancing round, and round, and round, with no way ever of stopping; the quickened and the deadened, whirling on. That was Marx’s description, anyway. And what would be the alternative? The consciously arranged alternative? A dance of another nature, Emil presumed. A dance to the music of use, where every step fulfilled some real need, did some tangible good, and no matter how fast the dancers spun, they moved easily, because they moved to a human measure, intelligible to all, chosen by all.

http://crookedtimber.org/2012/03/03/red-plenty-2/

Reviews: http://www.amazon.com/Red-Plenty-Francis-Spufford/product-reviews/1555976042/ref=la_B001HCV3N8_1_1_cm_cr_acr_txt?ie=UTF8&showViewpoints=1

[socialist_n_TN]

1. Wow! Very poetic language...........

It makes me want to read it just for the presentation. Thanks Cat.

[Catherina]

2. I'm doubly drawn! The literary aspect and the insights.

This is a book that should be read by anyone who is seriously interested in the possibility of a different sort of economy from the one we now have. It shows both the strengths, and the hidden weaknesses of the most serious attempt so far to construct an alternative to capitalism, an attempt that was born when the idea of a communist future was taken very seriously by a whole society. To read it is to be convinced that whatever the truth of standard leftist criticism of the USSR as being undemocratic and bureacratic, there was much more than that at issue in this tragedy.

...

But this does not excuse us from seriously considering the problems so vividly raised in the book. Spufford recounts how the attempt to follow the reformers' recomendations and raise the price of food to provide more income for farmers provoked strikes by industrial workers, which were suppressed with great brutality. The same scenario played itself out in Poland in the 70s and 80s, when any attempt to raise the ridiculously low subsidised meat prices led to strikes.

Spufford brings out the disconnection between the recomendations of the reform economists and the real lives of the people that the reforms would impact on. Food subsidies were the bad conscience of inequality. They were necessary because without them, those on the lower wage rates could scarcely have survived. Marx had advocated that in the first stage of communism everybody would be paid in labour vouchers not money - 1 hour's work getting 1 hour's vouchers. Goods would be directly priced in terms of the labour required to make them and social expenditure would be met out of a tax or time-levy on incomes. Soviet prices deviated considerably from labour values for two reasons:

The well known subsidies on essential foods and housing.

The turnover tax was, I think, calculated on the basis of total turnover not just wages, as such it was similar to the fixed percent markup Marx posited for prices of production. Given that due to subsidies, wages underestimated the real value of labour power, this sort of markup would mean that the deviation of prices from labor value would actually have been bigger than under capitalism.

To have furthered Khrushchev’s avowed aim of communism, Kantrovich would have had to propose egalitarian pay rates and a shift in state finance from turnover taxes to income taxes, before prices could be rationalised.

Spufford gives greatest emphasis to the policies of those around Kantorovich and Nemchinov, who were advocating price reforms as part of a programme to allow optimal operation of the economy. Kantorovich argued that these prices - objectively determined valuations - arose out of the objective technical structure of the economy. If actual prices corresponded to objectively determined values, then the signals that these prices provided would guide individual factories to produce in accordance to what the plan needed.

...

http://www.revleft.com/vb/red-plenty-f-t136079/index.html?p=1844889 and
http://21stcenturysocialism.com/article/review_red_plenty_by_francis_spufford_01992.html

Apparently the main character isn't a person but the idea of an optimally refined economy that takes various embodiments in different people.

I'm fascinated.

Website http://www.redplenty.com/Front_page.html