MMT has created a buzz on the left recently, with its supporters citing it as an answer to all our economic woes. Instead of trendy new ideas, however, we need the clear, scientific analysis of capitalism that Marxism provides – Adam Booth writes.

Liberal Professor Mr. Tugan-Baranovsky is on the warpath against socialism. This time he has approached the question, not from the political and economic angle, but from that of an abstract discussion on equality (perhaps the professor thought such an abstract discussion more suitable for the religious and philosophical gatherings, which he has addressed?).

Throughout the civilized world the teachings of Marx evoke the utmost hostility and hatred of all bourgeois science (both official and liberal), which regards Marxism as a kind of "pernicious sect." And no other attitude is to be expected, for there can be no "impartial" social science in a society based on class struggle. In one way or another, all official and liberal science defends wage slavery, where Marxism has declared relentless war on wage slavery. To expect science to be impartial in a wageslave society is as silly and naive as to expect impartiality from manufacturers on the question of whether workers' wages should be increased by decreasing the profits of capital.

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The chief defect of all hitherto existing materialism (that of Feuerbach included) is that the thing, reality, sensuousness, is conceived only in the form of the object or of contemplation, but not as sensuous human activity, practice, not subjectively. Hence, in contradistinction to materialism, the active side was developed abstractly by idealism -- which, of course, does not know real, sensuous activity as such. Feuerbach wants sensuous objects, really distinct from the thought objects, but he does not conceive human activity itself as objective activity. Hence, in "Das Wesen des Christenthums", he regards the theoretical attitude as the only genuinely human attitude, while practice is conceived and fixed only in its dirty-judaical manifestation. Hence he does not grasp the significance of "revolutionary", of "practical-critical", activity.

The following statement by comrade John McInally is a personal account of the nature and reasons for the degeneration of the Socialist Party (SP) and Committee for a Workers’ International (CWI). John was a member of the SP (and before that Militant) for more than 40 years, before he came into conflict with the leadership and was deemed to have "placed himself outside" of the organisation.