STAGFLATION
The combination of economic stagnation (see below) and inflation
at the same time. According to bourgeois economics this was supposed to be impossible, but
when it first reared its ugly head in the U.S. in the late 1970s and 1980s they were forced
to admit that it could indeed happen, though they still could not explain why.
From a Marxist standpoint the explanation
for stagflation poses no problems: the stagnation aspect is simply an early sign of a
developing overproduction crisis, and inflation
is just a sign that the government is expanding the currency too fast (because of excessive
government budget deficits usually). While it is true that massive
Keynesian budget deficits can forestall
stagnation or recession (for a while!), lesser bouts of deficit financing may only slightly
mitigate the stagnation/recession while at the same time causing inflation.
STAGNATION (Economic)
The failure of an economy to grow, or for it only to grow at a very slow pace. This is
often an early indicator of a developing overproduction
crisis that is only being kept somewhat in check for a time through the expansion of
government or consumer debt but on an insufficient scale to create a more solid rate of
growth for the economy.
See also below and:
PAUL SWEEZY
STAGNATION THESIS
The claim that stagnation is the normal state of a capitalist economy in the monopoly
capitalist era. This thesis seems to have been originated by Alvin Hansen,
an American follower of John Maynard Keynes, but has been strongly
adopted, elaborated and promoted by the eclectic “Marxist-Keynesian”
economists of the Monthly Review School, especially Paul
Sweezy, Paul Baran, Harry
Magdoff, and John Bellamy Foster.
Hansen’s book, Full Recovery or Stagnation?
(1938) argued that—contrary to standard economic dogma—capitalism does not always stabilize
at the level of (more or less) full employment. Indeed, at a time when the partial recovery
during the Great Depression of the 1930s was
faltering, Hansen raised the suggestion that the economy might be pretty much stuck in stagnation,
and implied (at least) that this might be the permanent situation unless very strong and
determined Keynesian deficit spending was carried out.
Sweezy and Baran took this idea and ran with it,
especially in their 1966 book, Monopoly Capital.
Sweezy, Magdoff, and more recently John Bellamy Foster, then continued arguing along these same
lines. This stagnation thesis has in fact become the core idea of the Monthly Review School’s
understanding of modern capitalism.
Over the years, most bourgeois economists have
pooh-poohed the stagnation thesis, and when Monopoly Capital itself came out (still during
the post-World War II economic boom), Sweezy and Baran themselves felt the necessity to devote a
large portion of the book to discussing the countervailing factors that had allowed U.S. and world
capitalism to escape the worst levels of this stagnation up to that point. Starting around
1973, however, U.S. and world capitalism slipped into a prolonged period of qualitatively slower
economic growth (the “Long Slowdown”), and the stagnation thesis
began to look like it was really true. With the so-called Great
Recession of 2007-2009, and the extremely sluggish “recovery” since then, this thesis has
appeared to be even more solidly established.
However, this stagnation thesis is still
essentially a Keynesian theory, and thus still a theory which remains within the bounds of
bourgeois political economy (even if at the more radical end of bourgeois thinking). It is sort
of a limited, or partial truth.
In fact a capitalist economy does inevitably sink
into crisis because of the development of the inherent contradictions within it, and especially
the primary contradiction between the social nature of production and the private expropriation of
the products being produced. This means, as Engels put it, that the development of production
proceeds at a faster pace than the development of the market. This contradiction can be completely
overcome—for a while!—through extending massive credit to the working class, and through
having the government go into huge and ever greater debt to buy the excess production (i.e.,
through Keynesian deficits). If this is done in a really determined way (as it was in Germany
with public works during the mid-1930s, or as was done in all the major capitalist
countries during World War II), then the crisis can be interrupted, and even fully
interrupted—for a while. In this case it is possible (though increasingly more difficult
to do in actual practice, what with the ever increasing power of capitalist production) to
prevent stagnation until the economy finally collapses into a more complete and
disastrous crisis (an indefinitely long depression).
However, more typically today, the expansion of
consumer and government debt starts being done in only a half-hearted sort of way, as its final
limits begin to come into sight. This is what leads to periods of serious stagnation, and even of
intensifying stagnation, before the final collapse into more serious crisis—outright intractable
depression. Stagnation is not the “normal”, or “permanent” state of a modern capitalist economy,
but rather only a stage (if often a prolonged stage) towards something even more “normal” or
“permanent”—namely, indefinite and overall constantly deepening economic depression. (Depression
in turn can only be ended through the really massive destruction of all the excess real capital
which has been built up over the decades.)
The stagnation thesis, therefore, while sort of
a half-truth, is still based on an inadequate and partial understanding of the nature of the
economic contradictions of capitalism. It imagines that the capitalist economy will only
sink into stagnation, without understanding that even stagnation is only a way-station towards
something much worse.
STALIN, Joseph [Iosif Vissarionovich Dzhugashvili] (1879-1953)
[To be added... ] (See also below.)
STALIN — Errors and Crimes Of
[To be added... ]
See also:
PATERNALISM
STALIN — Rule by Fear
While it is a great exaggeration by the bourgeois class enemy to say that Stalin and his
government “ruled by fear alone”, I think it is hard to deny that fear played a significant
role in his rule and in the regime he led. To some extent this even had positive effects, as in
getting Party and government officials to “toe the line”, work very hard, refrain from graft,
and sincerely strive to bring about the rapid expansion of production and victory over the Nazi
invaders. Here is one story (which may or may not be true) told about one of Stalin’s
commissars, Vladimir Nosenko, who was in charge of shipbuilding:
“[Stalin’s continuing joke] began some time before the Second World War when, passing him in the corridor, Stalin exclaimed: ‘Comrade Nosenko, why haven’t you been arrested yet?’ According to his colleagues, Nosenko spent many sleepless nights waiting for the knock on the door. Over the next few years, whenever Stalin met Nosenko he would joke: ‘I thought I had you shot.’ Finally he talked to Nosenko at the celebrations for victory in World War II. ‘What really brought us victory?’ Stalin asked. ‘Was it our superior Socialist technology? Was it our dedication to the motherland? Was it our proletarian consciousness? Yes. It was all these things. But mainly it was our sense of humor. Wasn’t it, Comrade Nosenko?’” —Ben Lewis, Hammer and Tickle (2009), p. 51. [Note: This story is from a deeply anti-communist book full of lies and distortions. But it is possible to learn a few useful things even from a book such as this. In particular, this story, along with much additional evidence from many other sources, suggests that Stalin really did consciously use fear as one of his major methods of ruling the Soviet Union. —S.H.]
On the whole, the use of fear in this way cannot be justified, and certainly not against the
working class and the masses. The resort to the use of fear in order to rule shows the failure
to successfully use education, ideology, and democracy to bring about the conscious striving to
change society on the part of the people.
Only with respect to the class enemy, the
bourgeoisie and its agents, can the use of fear normally be justified, and be justified as
part of the mechanism of the dictatorship
of the proletariat. It was true, of course, that in the Soviet Union some bourgeois (or
feudal class) people had to be relied upon for a while, even within the military and the
government. It was necessary and justified to rely on a semi-cooperative section of the
reactionary officer corps during the civil war, for example, and it was necessary to supervise
and control such individuals not only via means such as mass supervision and political cadres,
but for them to fully understand what might very well happen to them if they did not
carry out the instructions and orders of the revolutionary government.
However, fear as one of the most prominent and
general methods of rule, and used against the working class itself, was definitely not correct
or justified. And Stalin, in particular, must be very strongly criticized for using this method
of rule against the people. It is not that rule by fear cannot for a time be effective; it is
just that there are much better and more appropriate methods available most of the time,
and any major reliance on this method of using fear must inevitably fail in the end. Moreover,
to the extent that the working class and masses themselves are governed through fear, they
themselves cannot really be said to be ruling society. Such methods contradict democracy for
the people and genuine socialism.
STANDARDS — Stylistic
See: STYLISTIC STANDARDS
STANDING TOGETHER TO ORGANIZE A REVOLUTIONARY MOVEMENT (STORM)
A small multinational “revolutionary cadre organization based in the San Francisco Bay Area”,
which existed from September 1994 to December 2002. It was largely composed of students and
young people. Its ideology is sometimes described as “Third World Marxism”.
STORM grew out of a Marxist-leaning
organization in the Bay Area called Roots Against War (RAW), which emerged in the early 1990s
and organized protests around the Gulf War and the Rodney King verdict. STORM originally was
an eclectic mixture of anarchists, communists and revolutionary nationalists, but after some
internal struggle the anarchists left and the organization became more Marxist in tone. Many
members especially respected Mao Zedong and considered him their spiritual leader.
Unlike RAW, STORM had some white members,
though its membership was always more than 75% people of color. Its membership was also more
than 60% women. Reflecting the problems and tensions of American society, the racial, ethnic
and gender composition of STORM, and its leadership committees, was viewed as critically
important:
“Throughout its history, STORM was committed to maintaining itself as a majority women, majority people of color organization. This commitment also extended to the areas of mass work in which STORM members collectively worked. Growing out of theoretical frameworks inherited from revolutionary, third wave and Black feminist members of STORM developed the ‘Sisters at the Center’ slogan early on in their organization’s history. Application of this slogan meant a conscious emphasis to keep women of color and working class women at the center of the organization’s analysis, program and practice.” —From the Wikipedia entry on STORM.
Interestingly, most of STORM’s membership had never previously been in any other
revolutionary organization. STORM officially dissolved in December 2002. Perhaps part of
the reason for its disbandment can be seen in the Van Jones Affair. After STORM disbanded,
one of its founders and leaders, Anthony “Van” Jones, moved into the inner circles of the
Democratic Party, and was appointed by President Obama as a “special advisor” with respect
to “Green jobs”. In September 2009 he resigned from this position after some right-wing
red-baiting about his past associations. It has been claimed that nearly all the
members of STORM in its last period were also staff members of various social non-profit
organizations. This may have even developed in the direction of a sort of alternative
social-program bureaucracy, which seems to have led to some resentment on the part of those
outside of STORM. It is very doubtful if this sort of thing can be a good social base for
constructing a revolutionary organization.
See also the 97-page pamphlet summarizing the
history, development and disbanding of the group, “Reclaiming Revolution: History, Summation
& Lessons from the Work of Standing Together to Organize a Revolutionary Movement (STORM)”
(Spring 2004), online at:
http://www.docstoc.com/docs/10717234/Reclaiming-Revolution-history-summation-and-lessons-from-the-work-of-STORM
STATE, The
[In Marxist usage:] The primary instrument of political power in class society, consisting
of organs of administration (government departments), and of force (army and police). There
are also usually auxillary organs (legislatures or parliaments, and courts of law) which
exist both to resolve conflicts within the ruling class and to lend the appearance of
fairness and “complete democracy” to the state. The state is thus a mechanism for class
rule, the embodiment of the dictatorship of a particular class, no matter how camouflaged
it may be.
STATE, The Bourgeois
The bourgeois State is the organ of power and administration which exercises the dictatorship
of the bourgeoisie (or capitalist class) over all other classes, and especially over the
proletariat (working class).
“The executive of the modern State is but a committee for managing the common affairs of the whole bourgeoisie.” —Marx & Engels, Manifesto of the Communist Party (1848), Ch. I: MECW 6:486.
STATE CAPITALISM
1. The form of
capitalism in which the capitalists own the means of production
(factories, machinery, etc.) collectively and as a class, rather than individually or
in small associations (partnerships, corporations, etc.). The Soviet Union was the prime
example after the restoration of capitalism there in the mid 1950s and until its collapse in
late 1991. It seems fair to conclude these days that state capitalism is unstable and tends to
decay back into more traditional forms of monopoly capitalism.
2. [As used by various other “left” theorists:]
Western-style monopoly capitalism, or specific periods of it during which the state plays a
more prominent role than other periods. The bourgeois state does play a much increased role in
the control and direction of capitalism in the imperialist or monopoly capitalist era (as
compared to earlier capitalism); and since the 1930s the role of the state has been further
increased in monopoly capitalism. But this state role in the economy is still qualitatively
much less than it was in the Soviet Union in the revisionist era and it is incorrect and
confusing to call any period of Western-style monopoly capitalism by the name “state capitalism”
or “state monopoly capitalism”.
3. [Under socialism:] A short transitional
stage of capitalism in a state ruled by the revolutionary proletariat, as a step toward
transforming the economy into actual socialism. (See separate entry below.)
STATE CAPITALISM — Under Socialism
A fairly brief transitional stage in the economy of a society (or in a part of that economy)
after the seizure of power by the revolutionary proletariat, and before the economy is
transformed (or fully transformed) into genuine socialism. It may even still involve the
participation of individual capitalists under state supervision and control. But if the
economy is still capitalist (even if state capitalist or supervised by the state) is it
proper to call such a regime itself socialist? Yes it is, if it is genuinely moving
toward socialism. Remember that socialism has both a political and economic aspect; if the
revolutionary proletariat has seized power and is in the process of transforming the
economy into socialism, then it is certainly reasonable to call it a socialist
government or country.
In the early years after the Russian
Revolution, both before the period of “War Communism” and during the temporary retreat known
as the “New Economic Policy” (NEP), a considerable part of the
Russian economy was properly called (including by Lenin himself) state capitalism. Similarly,
in the early 1950s in China a large section of the economy was properly deemed state
capalism by Mao and the CCP.
Of course, if state capitalism is a step
backward from socialism (and not merely a temporary retreat forced by extreme
circumstances) then it is not properly considered to be state capitalism under socialism,
but rather the destruction of socialism. This is what occurred in the Soviet Union in
the late 1950s and 1960s, and in China after Mao’s death. There is no such thing as state
capitalism under socialism if the bourgeoisie has once again seized control of the
society.
“The present-day capitalist economy in China is a capitalist economy which for the most part is under the control of the People’s Government and which is linked with the state-owned socialist economy in various forms and supervised by the workers. It is not an ordinary but a particular kind of capitalist economy, namely a state-capitalist economy of a new type. It exists not chiefly to make profits for the capitalists but to meet the needs of the people and the state. True, a share of the profits produced by the workers goes to the capitalists, but that is only a small part, about one quarter, of the total. The remaining three quarters are produced for the workers (in the form of the welfare fund), for the state (in the form of income tax) and for expanding productive capacity (a small part of which produces profits for the capitalists). Therefore, this state-capitalist economy of a new type takes on a socialist character to a very great extent and benefits the workers and the state.” —Mao, “On State Capitalism” (July 9, 1953), SW 5:101. [Within a few years this entire state capitalist sector in China was transformed and absorbed into the socialist economy.]
STATISTICS — Economic
See: ECONOMIC STATISTICS
STEVENSON, Charles Leslie (1908-1979)
An American bourgeois analytical philosopher in the logical
positivist tradition, who specialized in ethics and aesthetics, and is best known for
his erroneous theory of emotivism in ethics. He studied with
the bourgeois philosophers Ludwig Wittgenstein and
G.E. Moore in England.
In articles such as “The Emotive Meaning of
Ethical Terms” (1937) and in his book Ethics and Language (1944), Stevenson put forth
the positivist notion that moral statements are “meaningless” (and “unscientific”) except for
their emotive content. This is one variety of non-cognitivism
in ethics. Thus for him, “Killing is bad” would be equivalent to something like: “Killing...
UGH!”.
No doubt many statements in morals do carry
emotive (or emotional) connotations, but they are also factually meaningful and either true
or false (though just which often depends on the precise situation). Thus killing is
normally very wrong because it goes against the collective interests of the people, and
therefore the statement “Killing is wrong” is indeed true in most situations. This is a simple
example of how the scientific investigation of the situation can in fact determine what is
right or wrong, despite what Stevenson thought.
Stevenson’s theory is very similar to, and
is often viewed as merely an elaboration of the ethical theories of A.J. Ayer and other
positivists. They developed such theories because they could not grasp the real basis for
morality, namely people’s collective interests (and in class society, their class
interests).
See also:
CLASS INTEREST THEORY OF ETHICS
STIMULUS or STIMULUS PACKAGE
[Bourgeois economics:] A round of government spending, usually involving a substantial
Keynesian deficit, which is design to “stimulate” a
weak or recessionary economy.
See also:
“PRIMING THE PUMP”
STIRNER, Max [Pen name of Johann Kaspar Schmidt] (1806-1856)
German idealist philosopher, a Young
Hegelian, who was an important ideologist of individualist
anarchism. His major work was Der Einzige und sein Eigentum [The Ego and Its
Own] (1844). Marx and Engels severely criticized Stirner, and at substantial length, in
their early book, The German Ideology (written
in 1845-46). This very strong and extensive criticism of Stirner (who they derided as “Saint
Max”) helped Marx and Engels clarify their own materialist philosophical and political outlook
and better contrast it to idealist individualism.
STOCK MARKET
[To be added...]
STOCK MARKET CAPITALIZATION
The total current market value of all the stocks listed on a particular stock market,
or else on a group of stock markets considered as a whole. In October 2007 when most of
the stock markets of the world were at or near their peaks, the 54 stock exchanges which
are monitored by the World Federation of Exchanges had a combined market capitalization
of $63 trillion. This world stock market capitalization had fallen by more than half, to
$31 trillion, by the end of November 2008. In other words, the stocks owned by the average
investor had lost more than half their value in 13 months.
STOICISM [Philosophy]
[To be added...]
See also:
Philosophical doggerel about
Stoicism.
“Stoics—adherents of an ancient Greek school of philosophy arising about the 3rd century B.C. and existing until the 6th century A.D. The Stoics recognized two elements in the universe: an enduring element—matter without quality; and an active one—reason, logos, god. In logic, the Stoics proceeded from the assumption that the source of all cognition is sensuous perception and that a conception can be true only if it is a faithful and full impression of the object. The Stoics taught, however, that perceptual judgment arises only as a result of agreement between the mind and a true conception. This the Stoics called ‘catalepsy’ (or ‘seizure’) and viewed it as a criterion for truth.” —End note 102, LCW 38.
STOLYPIN, P. A. (1862-1911)
The extremely reactionary Chairman of the Council of Ministers in the Tsarist government
during the period 1906-11. In the phrase “the Stolypin reaction” his name is associated
with the suppression of the first Russian revolution (1905-07) and the following period
of harsh political crackdown on even the slightest tendency toward political change.
STORM
See: STANDING TOGETHER TO ORGANIZE A REVOLUTIONARY
MOVEMENT
STRATEGY AND TACTICS
[To be added... ]
STRATEGY — Revolutionary
See: REVOLUTIONARY STRATEGY,
OCTOBER ROAD,
PEOPLE’S WAR
STRUCTURALISM
[In linguistics:] A school, or approach, to linguistics which focuses on the structures
or systems of elements in languages. One important success of this approach was in phonemics,
where each separate sound in a language (or phoneme) is identified through its
contrasting interrelationships with the other phonemes. In the broadest sense, all areas
and schools of linguistics are “structural” to some degree. However, there is also a more
specific sense of linguistic structuralism where the focus is on mere surface structures,
and the classification and description of features of utterances. This is often derided as
being woefully insufficient by those, such as Noam Chomsky, who seek to uncover the “deep
structures” which may underlie the grammar of all languages.
[In the other social sciences:] An extension
of the focus in linguistics on structures and their interrelationships, to the elements of
society in general. This was an especially strong movement in France in the 1960s, with the
most prominent individual being the bourgeois anthropologist Claude
Lévi-Strauss (1908-2009). A prominent assumption of structuralism is that the
phenomena of human existence are not intelligible except through their interrelationships and
interactions. There is obviously some considerable truth to this, but it becomes highly
questionable when made into an absolute, with no other principles of how to investigate and
comprehend society being accepted. Structuralism, in other words tends to be skewed and
unidimensional in its approach.
On the other hand, since the interrelationships
and interactions of the many sorts of social elements (such as kinship relationships, ideologies,
class relationships, social labor, educational mechanisms, etc.) tend to be highly complex and
go off in many directions, there is a strong tendency among the structuralists to dabble in many
other spheres of investigation where their training and knowledge is quite minimal. The fact
that a person is a trained and experienced anthropologist, for example, does not automatically
make him or her competent to discuss psychology, mythology and religion, philosophy, political
economy and so forth. This tendency in structuralism towards unjustified expansion in the
scope of the discussion often seems to lead it into a semi-coherent mishmash.
There have been attempts (largely
unsuccessful) to extend the structuralist approach to other spheres as well, including
literary theory and criticism, psychoanalytic theory, Marxist theory (by
Althusser, for example), and even architecture!
STRUCTURED INVESTMENT VEHICLE (SIV) [Contemporary Capitalist Finance]
A special type of “conduit” (dummy corporation set up by financial
institutions), which generally uses borrowed money from independent companies to purchase
mortgages and other loans (often of highly dubious quality) from its mother company, packages
them into pools, and then “securitizes” them (i.e., issues
mortgage or loan backed bonds or securities supposedly backed up by these pools), which it sells
to investors. Furthermore, often there are different tranches or slices of these securities
some of which are claimed to be much “safer” than the lower rated slices. Through this convoluted
means, and with the connivance of rating agencies, the investment bank or financial corporation is
fraudulently able to sell securities based on highly dubious loans (including
sub-prime mortgages) as if they were very safe investments.
STRUGGLE — Continuing
“It is provided in the essence of things that from any fruition of success, no matter what, shall come forth something to make a greater struggle necessary.” —Walt Whitman, “Song of the Open Road” (1856), sect. 14. [This is perhaps generally true; but the good news is that the success of that earlier struggle also makes the next level of struggle possible and potentially successful too! —S.H.]
STRUGGLE — CRITICISM — TRANSFORMATION
A policy stage during the Great Proletarian Cultural Revolution
promoted by Mao and his followers, starting in 1968. As explained by Mao:
“Struggle-criticism-transformation in a factory, on the whole, goes through the following stages: establishing a three-in-one revolutionary committee; carrying out mass criticism and repudiation; purifying the class ranks; consolidating the Party organization; and simplifying the administrative structure, changing irrational rules and regulations and sending office workers to the workshops.” —Mao, quoted in “Unprecedentedly Excellent Situation in China’s Great Proletarian Cultural Revolution”, Peking Review, #44, Nov. 1, 1968, p. 12.
STRUGGLE — Ideological
See: IDEOLOGICAL STRUGGLE
STRUVE, Pyotr Berngardovich (1870-1944)
Originally a semi-radical bourgeois economist and political writer who was a prominent
representative of what was called “Legal Marxism” in Tsarist
Russia in the 1890s. Later he was a Cadet Party leader, and after
the October Socialist Revolution he became one of the chief counter-revolutionary leaders and
a White émigré.
STUDENTS FOR A DEMOCRATIC SOCIETY (SDS)
[To be added... ]
STUDY (Political)
See: POLITICAL STUDY,
REPEATED STUDY
STURM UND DRANG
[German: literally “Storm and Urge”, but usually translated as “Storm and Stress”.]
A proto-Romantic literary movement which developed in Germany from the late 1760s through the
early 1780s, and which took its name from the title of a 1776 play by Friedrich Klinger. It
promoted individual expression of emotion in reaction against both feudal practices and the
perceived rational restrictions of the Enlightenment.
STYLE (Artistic)
See: ARTISTIC STYLE
STYLISTIC STANDARDS
The standards which serve to define an artistic style
(the style which a work of art is considered to exemplify). In turn, precisely how well
the work actually meets the standards of that style is one of our primary bases for aesthetic
criticism of the work.
Stylistic standards are, in the usual case,
highly complex and abstract. As such, a work may more or less meet these standards;
the work may meet them well or somewhat poorly. A portrait, for example, is a style (or genre)
in which resemblance to a person’s face is important, but the resemblance may be good or
bad—and this, in part, determines whether the portrait is good or bad.
See also:
AESTHETIC EVALUATION
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