a doubt

[akshay]

i have a doubt with leftist revolution
let us assume that we have a successful revolution in a perticular country. now what we want is, to nationalise all property. but majority of the wealth is now present in share markets.
and specially for developing countries, huge amout of wealth belongs to foreign direct investment. so ultimately it is very easy to send a very huge amount of wealth from one country to another country. so it can causes a very serious economical crisis. so how that revolutionary party can handle such case?
sorry for poor english..........

[Enragé]

thats why revolution should be international in nature, there's simply no other solution to that very real problem.

[Marsella]

let us assume that we have a successful revolution in a perticular country. now what we want is, to nationalise all property. but majority of the wealth is now present in share markets.

I'm not sure of the validity of this statement (i.e majority of wealth is in the stock market).

For instance, look at the amount of material wealth held in land property. And the point is, everyone lives in property but not everyone has stocks. Furthermore, land property is far more expensive than stocks.

Also, there is mass wealth held in commodities alone.


and specially for developing countries, huge amout of wealth belongs to foreign direct investment. so ultimately it is very easy to send a very huge amount of wealth from one country to another country. so it can causes a very serious economical crisis. so how that revolutionary party can handle such case?

Basically you're worried that in the event of a revolution the big capitalists will transfer all their electronic money overseas?

Sure that can happen.

But a communist revolution doesn't depend on the amount of money in banks.

And look at the situation: a stocks price is determined, amongst other things, by demand. People are not going to want to invest in a company which is soon to be taken over by workers!

Stocks in such a situation are going to go right down. The capitalist is going to be hit in the pocket big time.

I doubt the working class is going to be concerned over the billions of dollars transferred internationally; it would never have been theirs in the first place.

[akshay]

communist revolution doesn't depend on the amount of money in banks.
i have doubt that such revolution will succeed (if it is not an world level revolution).
and one more doubt why leftist opposses foreign direct investment?

[Schrödinger's Cat]

Originally posted by [email protected] 24, 2007 04:26 pm
i have a doubt with leftist revolution
let us assume that we have a successful revolution in a perticular country. now what we want is, to nationalise all property. but majority of the wealth is now present in share markets.
and specially for developing countries, huge amout of wealth belongs to foreign direct investment. so ultimately it is very easy to send a very huge amount of wealth from one country to another country. so it can causes a very serious economical crisis. so how that revolutionary party can handle such case?
sorry for poor english..........

That's why the revolution can't happen nationally. It must be conducted on a much larger scale. Look at the 60s for an example. The French and Italian governments were on the verge of collapse, and there existed cultural revolutions in practically all industrialized nation-states.

Remember, most of the capitalists' wealth is made up of financial assets, not M1 money. These can be confiscated.

[AAFCE]

So for the revolution to be successful, a good chunk of the world would have to take part?

[Schrödinger's Cat]

Originally posted by [email protected] 24, 2007 11:34 pm
So for the revolution to be successful, a good chunk of the world would have to take part?
That depends on what your definition of "large chunk" is. At the very least the revolution would require a large enough portion of the industrilized world to continue the production of most goods. I'm sure we could use some ideas from the Technocrats and Technates here.