The Socialist Party firmly believes that capitalism is unsustainable. Sooner or later it will catastrophically collapse. If our society is to survive this we must begin a transition away from it now, so we can control our own future, not leave it at the hands of volatile international economic forces.
However, there is only so much Parliament, as it is now, can do about this. Capitalism cannot be entirely legislated away. Instead the Government must not only focus on bringing major industry into state hands, so they can be more easily transitioned into the new economy, but allow workers in other sectors to be at the forefront of their own progress. An overhaul of union regulations and internal democracy is essential for this to happen.
Ultimately we must build an economy that works for society, not a society that endlessly works for a bigger and bigger GDP, while seeing little of the rewards.
Therefore, we will:
- Repeal the anti-trade union laws.
- Legislate to ensure that worker control, syndicalism and co-operatives are able to become an essential part of our economy.
- Implement state-led nationalisation of vital industries and services. Ensuring fair and efficient resources can be supplied to all people with a view toward making these industries sustainable, environmentally-responsible and democratic.
- Facilitate nationalised or co-operatively led alternatives to the private sector where a state monopoly is not required.
- End the overriding view of the status of GDP as the measure for state success. We will help implement an economy and society which values leisure time, happiness and human needs over simple increase in wealth, an increase progressively only enjoyed by the already wealthy.